Меню
Trade and economic cooperation
According to the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, the volume of bilateral trade turnover between Kazakhstan and Germany increased by 41.3% to 3.9 billion USD in 2023 (2022 - 2.76 billion USD). In particular, imports from Germany grew by 41.4% to 3.153 billion USD, while exports to Germany increased by 39.2% to 742 million USD.
At the end of 10 months of 2024, the volume of trade turnover increased by 8% compared to the same period last year, from 3.07 to 3.32 billion USD (exports increased by 71.8%, from 561 thousand to 965 thousand USD, imports decreased by 6.3%, from 2.5 to 2.35 billion USD).
According to the Federal Statistical Office of Germany, at the end of 2023 trade turnover decreased by 9.1% to 8.7 billion euros compared to the previous year.
At the same time, imports from Germany to Kazakhstan increased by 15.1% to 3.2 billion euros, and exports to Germany - decreased by 22.5% to 5.5 billion euros).
In January-October 2024, the volume of trade turnover reached 8 billion euros. That is 7.1% higher than the figure for the same period in 2023 (7.48 billion euros) and 2.1% higher than the level of the record year 2022 (7.85 billion euros).
In the rating of trade partners of Germany in 2023, Kazakhstan is included in the list of 50 leading foreign trade partners of Germany (45th place). Our country is considered to be the main partner of Germany in the Central Asian region: the total volume of bilateral trade makes up 83% of the total volume of foreign trade of Germany with the countries of the region.
Exports to Germany are based on hydrocarbons, ferroalloys, hydrogen, inert gases, silver, copper and others. Imports include medicines, harvesting and threshing machinery, medical equipment and instruments, vehicles, special-purpose machinery, equipment and others.
According to the National Bank of the Republic of Kazakhstan, the gross direct investment inflow from Germany to Kazakhstan from 2005 to 2023 inclusive totaled to 6.6 billion USD. In particular, by the end of 2023, the volume of FDI inflow from Germany to Kazakhstan will reach a record 770 million USD (+64%). At the end of the first half of the year, the indicator amounted to 277.6 million USD.
More than 90% of German investments in the economy of Kazakhstan are in the "non-resource" sector, especially in the processing industry, chemical industry, production of building materials, transport and agro-industrial complex.
According to the Bureau of National Statistics, as of December 1, 2024 there are 1113 operating enterprises in Kazakhstan with participation of German capital, including 741 - with foreign and 372 - with joint ownership.
The key focus is on the effective implementation of the agreement on partnership in raw materials, industry and technology from 2012, training of specialists and development of dual education, cooperation in energy and energy efficiency, agriculture, transport logistics, sustainable development, water resources.
Kazakhstan and Germany cooperate within the framework of the Intergovernmental Working Group on Trade and Economic Cooperation (IWG), the Kazakh-German Business Council for Strategic Cooperation (KGBC), the Berlin Eurasian Club (BEK), the Working group under the leadership of First Deputy Prime Minister Roman Sklyar, the Working group on financing joint projects and risk hedging.
As a result of the visit to Kazakhstan of the German Foreign Minister
Annalena Baerbock, the German Office of Hydrogen Diplomacy was opened in Astana on 31 October 2022.
Over 20 activities of an economic events were held in 2024.