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Volume of trade turnover between Kazakhstan, Italy decreases

Kazakhstan Materials 17 April 2024 15:16 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, April 17. The volume of trade turnover between Kazakhstan and Italy amounted to $2.8 billion from January through February 2024, Trend reports.

This is the highest figure among EU nations, with which the total volume of trade turnover reached $7.1 billion.

According to the country's Bureau of National Statistics, trade turnover fell by 4 percent over the same time in 2023 ($2.92 billion).

At the same time, in terms of trade turnover, exports to Italy during the aforementioned period were $2.6 billion, 4.6 percent less than January-February 2023 ($2.73 billion).

In addition, imports from Italy climbed by five percent from January through February 2024, totaling $199.7 million. From January through February 2023, imports totaled $190 million.

Meanwhile, the volume of trade turnover between Kazakhstan and Italy amounted to $16.071 billion in 2023. The volume of trade turnover increased by 7.8 percent compared to the same period in 2022 ($14.9 billion).

At the same time, in terms of trade turnover structure, exports to Italy for the aforementioned period totaled $14.883 billion, a 7.44 percent increase over the January through December 2022 period.

In addition, imports from Italy climbed by 17.3 percent from January through December 2023, totaling $1.237 billion. In 2022, imports totaled $1.054 billion.

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