According to the Bureau of National Statistics of the Republic of Kazakhstan, in January-September 2022, the trade turnover between Kazakhstan and Spain amounted to 2.0 billion US dollars (exports - 1.8 billion, imports 177 million), an increase of 45.9% compared to with the same period in 2021 ($1.3 billion: exports - 1.19 billion, imports - 145.0 million).
The main items of Kazakh exports: crude oil - by 45.9% or 526.2 million US dollars, ferroalloys - an increase of 2.3 rubles. or by 41.6 million US dollars, unwrought aluminum - by 12.6 million US dollars.
The main items of Kazakhstani imports: medicines packaged for retail sale - by 42.9% or 14.7 million US dollars, tires - an increase of 2.2 rubles. or by 8 million US dollars, trucks - by 2.6 million US dollars, passenger cars - an increase of 3.1 rubles. or $2 million.
From 2005 to the second quarter of 2022, $287.6 million of direct investment from Spain was attracted to Kazakhstan. The gross outflow of direct investment in Spain amounted to $83 million.
As of January 1, 2022, 67 legal entities with the participation of Spanish capital were registered in Kazakhstan, 45 are operating.
The key mechanisms for trade and economic cooperation are the Kazakh-Spanish Intergovernmental Commission for Economic and Industrial Cooperation (IGC) and the Kazakhstan-Spain Business Council (BC). The 9th meeting of the IGC and the 6th meeting of the BC were held on October 5, 2021 in Madrid. The next meetings are scheduled for 2023 in Astana.
The co-chairs of the IGC are the Secretary of State for Trade of Spain X.Mendez and the Vice Minister of Trade and Integration of the Republic of Kazakhstan K.Torebayev.
The co-chairs of the BC are the Chairman of the Board of JSC "NMH "Baiterek" K.Sharlapaev and the President of the company "Maxam" J.M.Vargas.
There are such well-known Spanish companies on the Kazakhstani market as Airbus Defense & Space (deliveries of military transport aircraft and their maintenance), Maxam (explosives production), Talgo (railway transport and infrastructure), Indra ( information technologies for military and civil applications), IDOM (engineering), EUROFINSA (civil engineering), Grupo Anka (construction, waste processing), Tecnove Security (security equipment for the military-technical and civil sector), Inditex ”, “Pronovias”, “Cortefiel”, “Desigual”, “Mango” (retail and franchise), etc.
In January 2020, the Minister of Trade and Integration of the Republic of Kazakhstan B. Sultanov visited Madrid to discuss a wide range of issues of bilateral trade and economic cooperation, as well as a multilateral issues. In particular, the trend of increasing trade turnover, the importance of promoting non-primary sectors, the intensity of development of ties between the business circles of the two countries and the prospects for the implementation of new projects in the field of agriculture, water resources, waste processing and pharmaceuticals were noted.
On September 1, 2021, an agreement was signed in Nur-Sultan on the purchase of two largest Airbus A400M military transport aircraft, as well as a Memorandum on the establishment of a technical service center for servicing military and civil aircraft in Central Asia. Kazakhstan is the most important partner of Airbus Defense & Space in the region, the fleet of C295 aircraft is 10 units.