According to the Bureau of National Statistics of Kazakhstan, the trade volume between the two countries in 2020 amounted to 4.1 million USD. Exports for this period amounted to 1.4 million USD, imports – 2.7 million USD.
Trade between the two countries in 2019 amounted to 8.6 million USD (exports 3.1 million USD and imports 5.5 million USD). In 2018, 14.7 million USD (exports 3.8 million USD and imports 10.9 million USD).
Exports from Kazakhstan to Saudi Arabia mainly consist of ferrous metals, pipes, hoses, and fittings made of plastics, inorganic chemical products, plastics, and plastic products. Imports from Saudi Arabia to Kazakhstan consist of ferrous metals, medicines, vegetable oils and fats, ethylene polymers, fruit plants, flat-rolled products made of iron and steel, fiber-optic cables, auto parts, cosmetics, and detergents.
The volume of the gross inflow of foreign direct investment by Saudi Arabia in the economy of Kazakhstan from 2005 to 2020 amounted to 109 million USD.
To date, Kazakh and Saudi entrepreneurs have held six business forums: Almaty business forum (June 20-24, 2004), the business forums “Welcome to the new Kazakhstan in the new world” (Astana, April 23-25, 2007), and “Kazakhstan and Saudi Arabia: development partners” (Astana, May 18-19, 2009), a forum in Shymkent (August 14-15, 2009) and a business forum within the framework of the visit of the Minister of Industry and Trade of Saudi Arabia to Astana (May 12-14, 2015).
Saudi Arabia’s representatives regularly participate in the Astana Economic Forum and other economic events held in Kazakhstan.
The parties also regularly hold various meetings and workshops on the prospects of Kazakh-Saudi cooperation in the field of trade, economy, and investment.
The Kazakh-Saudi Intergovernmental Commission on Trade, Economic, Cultural, Humanitarian and Scientific and Technical Cooperation (IGC) has been established. To date, four meetings of the IGC have taken place - in October 1999 in Astana, in March 2004 in Riyadh, in May 2009 in Astana, and in November 2014 in Riyadh.
The co-chairman of the Kazakh part of the IGC is H.E. Mr. Bakhyt Sultanov, the Minister of Trade and Integration of Kazakhstan, from the Saudi side – H.E. Eng. Khalid Al-Falih, the Minister of Investment of Saudi Arabia.