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Trade and economic cooperation

Trade and economic cooperation

 

In 2015, the Government of Sweden has included Kazakhstan in the list of 26 priority countries for export of Swedish products.

 

The trade turnover between Kazakhstan and Sweden in January-November 2022 amounted to 282.2 million US dollars, which is 39.9% higher than in the same period of the previous year (201.8 million US dollars).

 

Exports from Kazakhstan to Sweden in January-November 2022 increased by 97.5% and amounted to 92.9 million US dollars.

The increase in exports to Sweden is due to the increase in the supply of the following goods: computers - by 20.5 million US dollars (from 0 to 20.5 million US dollars), ferroalloys - by 70.4% or by 17 million US dollars (from 24.1 to 41.1 million US dollars), aluminum - by 7.7 million. USD (from 0 to 7.7 million USD).

The main exports from Kazakhstan to Sweden are: ferroalloys - 41.1 million US dollars (with a share of 44.3%), computers - 20.5 million US dollars (22%), sulfur - 11.6 million US dollars (12.4%), aluminum - 7.7 million US dollars (8.3%), soybeans - 6.7 million US dollars (7.2%), coal - 3.4 million US dollars (3.6%).

 

Imports to Kazakhstan from Sweden in January-November 2022 increased by 22.3% and amounted to 189.3 million US dollars.

The increase in imports from Sweden is due to the increase in imports of such goods as: tractors - an increase of 2.4 times or by 23.4 million US dollars (from 16.7 to 40.1 million US dollars), equipment for heat treatment of materials - an increase of 5.9 million US dollars (from 0.1 to 6.0 million US dollars), electrical devices for safety and traffic control - an increase of 4.1 million US dollars (from 0.1 to 4.2 million US dollars), etc.

The main import goods to Kazakhstan from Sweden are: tractors - 40.1 million US dollars (with a share of 21.2%), medicines - 13.9 million US dollars (7.3%), trucks - 9 million US dollars (4.7%), machines and mechanisms for ground work - 8 USD million (4.2%), etc.

 

Joint ventures. In general, as of January 1, 2023, about 43 Swedish companies are represented in Kazakhstan, which carry out activities in the field of healthcare, telecommunications technologies, energy and the environment, transport, agriculture, mining, security, education, etc., and among them 13 companies are represented in the form of joint ventures.

 

In 2015, in the framework of the visit of the Director General of Foreign Trade Policy of the Swedish Foreign Ministry, E.Walder to Kazakhstan, Sweden joined the «Green Bridge» Charter Partnership Program.

 

The delegation of the Republic of Kazakhstan headed by CEO of Astana International Financial Centre (AIFC) K.Kelimbetov paid a visit to Stockholm in August 2016.

 

Swedish Minister for Rural Affairs S.Bucht visited Kazakhstan in October 2016.

 

On October 21, 2019, a business forum with compatriots living in Sweden, Denmark, Norway and Finland was held in Stockholm. The event was organized by the Embassy of the Republic of Kazakhstan in conjunction with the Otandastar Fund and the World Association of Kazakhs.

 

In cooperation with the Trade and Investment Council of Sweden and the leading business organization «Business Sweden», a special session «Innovations and Industry 4.0» was successfully organized within the framework of the World Mining Congress held in Astana on June 19-22, 2018.

 

The possibilities of investment and trade and economic cooperation between Kazakhstan and Finland, Sweden, Denmark and Norway were discussed on December 3, 2020 within the framework of the First Investment Meeting of business circles «Kazakhstan - Northern Europe». More than 200 companies from the Nordic countries took part in the event.

 

Kingdom of Denmark

 

The trade turnover between Kazakhstan and Denmark in January-November 2022 amounted to 94.2 million US dollars, which is 9.2% lower than in the same period of the previous year (103.8 million US dollars).

Exports from Kazakhstan to Denmark in January-November 2022 increased by 2.8 times and amounted to 29.2 million US dollars.

The increase in exports to Denmark is due to an increase in the supply of such goods as: petroleum products - by 6.5 million US dollars (from 0 to 6.5 million US dollars), construction products - by 4.4 million US dollars (from 0 to 4.4 million US dollars), etc.

The main export goods from Kazakhstan to Denmark are: hydrogen - 10 million US dollars (with a share of 34.3%), petroleum products - 6.5 million US dollars (22.2%), construction products - 4.4 million US dollars (15%), fish meat - 4 million US dollars (13.8%).

 

Imports to Kazakhstan from Denmark in January-November 2022 decreased by 30.4% and amounted to 65.0 million US dollars.

The reduction in imports from Denmark is due to a decrease in imports of such goods as: electric generator sets - by 99.8% or by 51.8 million US dollars (from 52.0 to 0.1 million US dollars), frozen fish - by 99.7% or by 2.6 million US dollars (from 2.6 to 0.0 million US dollars).

The main imports to Kazakhstan from Denmark are: medicines - 14.4 million US dollars (with a share of 22.2%), fittings for pipelines - 3.7 million US dollars (5.7%), radar equipment - 3 million US dollars (4.7%).

In November 2021, a delegation of heads of Danish companies in the field of agro-industrial complex visited Kazakhstan. The delegation included the heads of such large companies as «Chr. Hansen», «Breeders of Denmark», «Cimbria», «Danbred», «Robco Engineering», «Skiold Group», «Skov», «VikingGenetics FMBA» etc. During the visit, the delegates took part in joint round tables, got acquainted with the investment opportunities of Almaty and Akmola regions.

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