Record export volumes were recorded in Kazakhstan

Record export volumes were recorded in Kazakhstan

Kazakhstan's foreign trade turnover in January-September 2022 amounted to $98.4 billion — 35% more than in January-September 2021 ($72.9 billion), the Ministry of National Economy of Kazakhstan reports.
The nominal volume of exports of Kazakhstan — $63.8 billion — is 47.5% more than in 9 months of 2021 ($43.3 billion).
According to ERI calculations, the real export growth of the Republic of Kazakhstan (IFO) is about 2.8 - 3%, due to high prices for the main export items. Oil supplies in tons increased by only 1.6%, export revenue — by 63.4%.
By country, exports increased:
• to Italy by 84% to $11.2 billion
• to China by 43% to $10.3 billion
• to Russia by 15% to $5.9 billion
• to the Netherlands by 24% to $4.1 billion
• to Korea 2.9 times to $3.6 billion
• to Turkey by 71% to $3.6 billion
• to Uzbekistan by 36% to $2.6 billion
The value of Kazakhstan's exports for 9 months of 2022 ($63.8 billion) exceeds the annual supply volumes of the previous 7 years. The annual volume was last higher in 2014 ($79.5 billion).