Exports of goods from Kazakhstan to Russia increased by 15.1% in 2022

For 9 months of 2022, trade between Kazakhstan and the Russian Federation amounted to 18.4 billion US dollars, which is 1 billion more than the same period of the previous year (17.5 billion US dollars). Such data was given in his speech at the plenary session of the XVIII Forum of Interregional Cooperation of Kazakhstan and Russia by Deputy Prime Minister - Minister of Trade and Integration of Kazakhstan Serik Zhumangarin.

"The Russian Federation is one of the strategic trade and economic partners of Kazakhstan. Exports to Russia increased by 15.1% and amounted to 5.9 billion US dollars. Russia continues to lead in imports to Kazakhstan with a share of 36% (US$ 12.4 billion).  

Serik Zhumangarin also noted that according to experts, Kazakhstan has the opportunity to increase the volume of exports to Russia for 180 commodity items worth about $ 1 billion.

In the context of regions, the Abai, Ulytau, Pavlodar and Kostanay regions are developing the most actively trade relations with Russia, whose trade turnover has reached 2.7 billion US dollars. In general, the share of border regions' trade in the foreign trade turnover of Russia and Kazakhstan for 6 months of 2022 amounted to 37.7% or 4.4 billion US dollars.

"Today's forum confirms the special nature of bilateral relations between our countries, being an annual platform that allows us to outline a mutual course of cooperation. In this context, the bet placed on cross-border cooperation has certainly justified itself," the Deputy Prime Minister of Kazakhstan said.

For reference: At the end of 2021, the trade turnover between Kazakhstan and the Russian Federation amounted to 24.6 billion US dollars, which is 31.2% higher than in 2020 (18.8 billion US dollars).