Kazakhstan is increasing exports

According to JSC "QazTrade", the trade turnover of Kazakhstan in January-May 2022 amounted to $51.3 billion, which is 40.7% higher than in the same period of the previous year ($36.5 billion).

Exports from Kazakhstan in January-May 2022 increased by 59.1% and amounted to $34.2 billion.

The export growth is justified by an increase in the supply of such goods as: crude oil (by 91.2%), ferroalloys (by 61.1%), uranium (an increase of 2.6 p.), copper and copper cathodes (by 25.3%), wheat (by 61.3%), sulfur, except sublimated, precipitated or colloidal sulfur (growth of 3 p.), coal (by 92.5%).

Imports to Kazakhstan in January-May 2022 increased by 14.4% and amounted to $17.1 billion.

The increase in imports is justified by an increase in the import of such goods as: car bodies (an increase of 2.4 p.), medicines packaged for retail sale (by 41.6%), copper ores and concentrates (an increase of 11.6 p.), other ferrous metal products (an increase of 2.2 p.), parts and accessories for cars and tractors (by 45.1%), internal combustion engines with spark ignition (an increase of 2.3 p.), telephones (by 21.9%).

The trade turnover of non-primary goods of Kazakhstan in January-May 2022 amounted to $25.3 billion, which is 20.4% higher than in the same period of the previous year ($21 billion). Exports of non-primary goods increased by 34.7% and amounted to $9.7 billion, imports increased by 12.9% and amounted to $15.5 billion.