Trade and economic relations
According to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, in 2022, bilateral trade amounted to $41.6 million (an increase of 119% compared to the same period last year), Kazakhstani exports - $26.9 million, imports - $14.7 million .
According to the RA Statistical Committee, in 2022, bilateral trade amounted to $45.3 million, Kazakhstani exports - $26.9 million, imports - $18.4 million.
Trade turnover structure in 2022:
Kazakh export:
machines, equipment, vehicles, devices (66.2%),
products of animal and vegetable origin, food products (15.7%),
metals and products from them (11.3%),
wood, timber products and pulp and paper products (3%),
products of the chemical industry (2.7%),
textiles and textile products (0.2%),
other goods (0.9%);
Kazakh import:
products of animal and vegetable origin, food products (39.8%),
products of the chemical industry (17.4%),
machines, equipment, vehicles, devices (13.6%),
metals and products from them (1.2%),
mineral products (0.6%),
building materials (0.2%),
wood, timber and pulp and paper products (0.1%),
textiles and textile products (0.1%),
other goods (27%).
According to the National Bank of the Republic of Kazakhstan, over the past three years (2020-2022), the inflow of direct Armenian investments into Kazakhstan amounted to more than $11 million.
At the same time, there is great potential and prospects for the growth of Kazakh-Armenian trade, economic and investment cooperation within the framework of Eurasian integration. Taking into account the Armenian-Iranian border, the EAEU-Iran free trade zone may become promising.