ASTANA, Kazakhstan, November 30. Trade turnover between Azerbaijan and Kazakhstan has changed in different directions over the past 10 years, Trend reports.
Thus, according to data from the State Statistical Committee of Azerbaijan, in 2013 the trade turnover between the countries amounted to $371 million. In 2022, this figure increased to $598.4 million.
Trade turnover between Azerbaijan and Kazakhstan over the past 10 years:
| Year | Volume |
| 2013 | $371 million |
| 2014 | $250.9 million |
| 2015 | $136 million |
| 2016 | $124.4 million |
| 2017 | $142 million |
| 2018 | $221 million |
| 2019 | $230 million |
| 2020 | $142 million |
| 2021 | $136 million |
| 2022 | $598.4 million |
As the data above shows, the steady increase of trade turnover started to rise after 2016. That year, Azerbaijan and Kazakhstan signed a number of important treaties. This significantly boosted the trade turnover between the two countries. Also, the same year, an association for promoting the Trans-Caspian International Transport Route (TITR) was established, which indirectly helped to boost the Azerbaijan-Kazakstan trade further, since TITR, originating from China, passes through Kazakhstan and Azerbaijan. The only visible downturn occurred in 2020, due to the unexpected COVID-19 outbreak.
In addition, the total trade turnover between the countries from 2013 through 2022 amounted to $2.35 billion.
Furthermore, Azerbaijan's total trade turnover in 2022 amounted to $52.6 billion, which is 55 percent more than in 2021 ($33.9 billion).
The volume of Azerbaijani exports amounted to $38.14 billion, and imports to Azerbaijan - $14.54 billion.
Kazakhstan’s foreign trade turnover in 2022 reached a historically high level of $134.4 billion.
Export volumes amounted to $84.4 billion. Import volumes to Kazakhstan reached $50 billion for the first time, updating the 2013 record ($48.8 billion).