ASTANA, Kazakhstan, February 26. The volume of Kazakhstan's exports to China by rail amounted to 1 million tons in January 2024, Trend reports.
According to the Kazakhstan Railways (KTZ, national company), this is 43 percent more than in January 2023.
At the same time, the export of iron ore increased by 19 percent, grain - by 37 percent, ferrous metals - by 2 times, non-ferrous metals - by 2.2 times. Also, transportation of goods for export in containers increased by 2.2 times.
In addition, the total volume of cargo transported by rail between countries increased in January 2024 compared to the same period in 2023 by 22 percent and reached 2.4 million tons.
To note, China became Kazakhstan's largest trading partner in 2023. The volume of trade turnover between Kazakhstan and China amounted to $31.4 billion in 2023. The volume of trade turnover increased by 30 percent compared to the same period in 2022 ($24.2 billion).
At the same time, in the structure of trade turnover, exports to China for the above period amounted to $14.7 billion, which is 14.7 percent more than from January through December 2022 ($13 billion).
In addition, imports from China from January through December 2023 increased by 50.5 percent and amounted to $16.7 billion. For 2022, imports amounted to $11.1 billion.