Trade turnover between Kazakhstan and the EU

On May 17, 2023, Vice Minister of Trade and Integration of the Republic of Kazakhstan Zh.S. Kushukova met with the Permanent Rapporteur of the International Trade Committee of the European Parliament for Central Asia Roman Haider.

The parties discussed the current state and opportunities of trade and economic relations between Kazakhstan and the EU, the implementation of the Enhanced Partnership and Cooperation Agreement (EPCA) between Kazakhstan and the EU and the prospect of bilateral cooperation with Austria.

At the end of the conversation, Mr. Haider wished success to the upcoming 2nd Economic Forum of Kazakhstan-EU on May 22 in Almaty.

The EU is the largest trading partner of Kazakhstan and accounts for 30% of the total trade. The dynamics of mutual trade shows an annual increase in the volume of trade. In general, the trade turnover between Kazakhstan and the European Union for 3 months of 2023 amounted to млрд 10.2 billion. US dollars, which is 12.5% higher than in the same period last year (9.1 billion US dollars).

For reference: the trade turnover between Kazakhstan and the EU countries in 2022 amounted to 40.0 billion US dollars. US dollars, which is 38.3% higher than the same period last year (28.9 billion US dollars).