Information on the analysis of the trade balance
Mangystau region
(for 11 months of 2022)
The Department of Industrial and Innovative Development of the Mangystau region analyzes the trade balance of the Mangystau region on a quarterly basis.
The trade balance is one of the most important economic indicators reflecting the receipts and expenditures on export, import, re-export and characterizes the trade relations of the region with other countries.
Mangystau region carries out export-import operations with 84 countries of the world, including export operations with 38 countries of the world.
According to official statistics for January-November 2022, the volume of foreign trade turnover amounted to 4.44 billion US dollars (an increase of 8.2% compared to January-November 2021 – 4.1 billion US dollars), including:
– Exports – US dollars 3,962.8 million (an increase of 9.3% compared to January-November 2021 – US$ 3,603.7 million);
– Imports – 481.6 million US dollars (an increase of 0.10% compared to January-November 2021 – 481.5 million US dollars).
The trade balance was positive and amounted to 3.4 billion US dollars (an increase of 10.8% by January-November 2021 – 3.1 billion US dollars), of which:
Oil and petroleum products
The main type of exported goods is oil and petroleum products, in the amount of 6.6 million tons worth 3.8 billion US dollars, which is 9.4% more compared to the same period last year.
The share of oil and petroleum products in the total volume of exports of the region is 97.8%.
For reference:
The main market share falls on the countries Bulgaria, Germany, Greece, India, Italy, China, Lithuania, Malta, the Netherlands, Poland, Romania, Singapore, Turkey, Finland, France, Switzerland.
Of these, Singapore is the main consumer in the reporting period – 37.9% of oil and petroleum products exports
Manufacturing industry exports
In January-November 2022, the volume of exports of manufacturing industry in the Mangystau region amounted to 156.0 million US dollars, which is 70.0% more than the corresponding period last year. (January-September 2021 – 91.9 million US dollars)
Producers – exporters in the manufacturing industry of the region are:
– «KazAzot» JSC (nitrogen mineral fertilizers)
– «Kaspiy Cement» LLP (Portland cement is a hydraulic binder obtained by joint grinding of cement clinker, gypsum and additives, in which calcium silicates predominate (70-80%))
– «Maga-Brad» LLP (pasta)
– JSC «Arcelor Mittal Tubular Products Aktau» (spiral steel pipes)
– ТОО «Satex Chemie» (производство твердых и жидких гидроизоляционных материалов на битумной основе. Это пластичные гидроизоляционные материалы, представляющие собой дисперсную. В зависимости от вязкости их разделяют на твердые, полутвердые и жидкие).
Re-export
Mangystau region has transport and logistics potential due to which re-export (transit of goods through the territory of Mangystau region) prevails in the total volume of non-primary exports of the region.
Currently, the region's exports are mainly represented by re-exports of vehicles, chemical products and food.
For 11 months of 2022, the volume of exports of the manufacturing industry in the Mangystau region amounted to 68.7 million US dollars.