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Kazakhstan cuts crude oil, petroleum products export to Netherlands over past 5 years

Kazakhstan Materials 24 April 2024 12:24 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, April 24. Kazakhstan exported 6 million tons of crude oil and petroleum products worth $3.3 billion to the Netherlands in 2023, Trend reports.

According to the State Revenue Committee of the Ministry of Finance of Kazakhstan, compared to 2019, the volume of exports decreased by 19 percent.

Export dynamics from 2019 through 2023:

Year Volume Amount Difference in volume compared to 2019
2019 7.41 million tons $3.6 billion - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2020 7.93 million tons $2.55 billion + 7 percent
2021 8.18 million tons $3.73 billion + 10.1 percent
2022 6.12 million tons $4.3 billion - 17.4 percent
2023 6 million tons $3.3 billion - 19 percent

Meanwhile, the volume of trade turnover between Kazakhstan and the Netherlands amounted to $4.449 billion in 2023. The volume of trade turnover decreased by 23 percent compared to the same period in 2022 ($5.785 billion).

At the same time, in the structure of trade turnover, exports to the Netherlands for the above period amounted to $4.057 billion, which is 26 percent less than from January through December 2022 ($5.488 billion).

In addition, imports from the Netherlands from January through December 2023 increased by 32 percent and amounted to $391.9 million. In 2022, imports amounted to $296.8 million.

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