Food industry products in Kazakhstan are in demand abroad

Food shows growth in exports

Today, on October 26, 2020, the Minister of trade and integration of the Republic of Kazakhstan Bakhyt Sultanov spoke at a briefing in the Central communications Service (CCS).

He spoke about the role of the sales Department in the implementation of the September address of the President of the country, explained what tasks the Ministry of trade and integration faces, what this Department is like and how it will affect the economy as a whole.

"In his Address to the people of Kazakhstan, the head of state set a number of important tasks for the Ministry of trade and integration, the solution of which ensures the sustainable development of the country's economy," Sultanov said. – First of all, we are talking about increasing non-primary exports. "

Almost half (42%) of it now consists of high-and medium-quality products. The main processed export products are copper and copper cathodes, ferroalloys, Uranium, petroleum products, etc.

Trade and economic changes in the world caused by the pandemic are not only a challenge, but also a window of opportunity for domestic enterprises to switch to higher-value-added products.

This year, due to the pandemic, a number of traditional buyers of domestic products have reduced their production volumes and, accordingly, purchases of Kazakh products.

At the end of 8 months, exports of processed goods decreased by 7.3% - from$10.4 to $ 9.7 billion. The main decline in exports was due to a reduction in the supply of petroleum products and lower prices on the world market (-332.6 million dollars), ferroalloys (-249.7 million dollars), zinc (-121.2 million dollars).

at the same time, there is an increase in the supply of food products. The main drivers of growth are flour, sunflower oil, pasta, beef meat, soy oil.

Exports of mechanical engineering products increased. For example, deliveries of rolling stock parts increased by 3.2 times, and passenger cars-by 3 times.