ASTANA, Kazakhstan, March 27. Minister of Transport of Kazakhstan Marat Karabayev has met with his Chinese counterpart Li Xiaopeng as part of his visit to Beijing, Trend reports.
According to the Kazakh ministry, during the meeting, the
parties discussed aspects of transport cooperation, such as
increasing trade turnover by expanding transportation
infrastructure, implementing joint projects, and increasing the
frequency and geography of flights between Kazakhstan and
China.
The parties also indicated their willingness to carry out the
agreements reached to ensure more efficient and dependable
transport connections between the two countries.
Notably, China became Kazakhstan's major commercial partner in
2023. In 2023, Kazakhstan's trade turnover with China was $31.4
billion. The volume of trade turnover increased by 30 percent from
the same period in 2022 ($24.2 billion).
At the same time, in terms of trade turnover, exports to China during the aforementioned period totaled $14.7 billion, 14.7 percent greater than from January to December 2022 ($13 billion).
In addition, imports from China surged by 50.5 percent from January to December 2023, totaling $16.7 billion. In 2022, imports totaled $11.1 billion.