Information on the analysis of the trade balance of the Mangystau region
(for january-february 2023)
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-February 2023, the volume of foreign trade turnover was 690.9 million $ (a decrease of 11.2% compared to January-February 2022 (777.9 million $).
Including:
– Exports are 552.1 million dollars, which shows a decrease of 21.9% compared to the same period last year (707 million $ for January-February 2022);
– Imports of 138.7 million dollars, which shows an increase of 95.7% compared to the same period last year (70.9 million $ for January- February 2022).
The trade balance was positive and amounted to 413.3 million $, of which:
Oil and petroleum products
The main type of exported goods is oil and petroleum products, in the amount of 1.2 billion tons worth 540.9 billion. $ which is 21.7% less compared to the same period last year.
The share of oil and petroleum products in the total volume of exports of the region is 98.1%.
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 – 34.1% of oil and petroleum products exports
Manufacturing industry exports
In January-February 2023, the volume of exports of manufacturing industry in the Mangystau region amounted to 11.1 million $, which is 32.4% less than the corresponding period last year (January-February 2022 – $ 16.5 million).
Producers – exporters in the manufacturing industry of the region are:
– KazAzot JSC (nitrogen mineral fertilizers)
– Kaspiy Cement LLP (portlandcement)
– Maga-Brad LLP (pasta)
– JSC "Arcelor Mittal Tubular Products Aktau" (spiral steel pipes)
– Satex Chemie LLP (production of solid and liquid waterproofing materials on a bitumen basis).
Reexport
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.
In January-February 2023, the volume of re-export of manufacturing industry in the Mangystau region amounted to 9.6 million $.