Kazakhstan is considered as the world’s 54th largest importer and imports in the country has been growing at an annualized rate of 5.9%. The major imports would include crude petroleum ($2.8 billion), cars (at around $ 2 billion), refined petroleum ($1.7 billion), large iron pipes ($1.6 billion) and packaged medicaments ($1.3 billion).
These imported items could trace their origins from Russia ($17 billion), China (around $9 billion), Germany ($3 billion), Ukraine ($2.1 billion) and the United States ($2 billion).
Official Name (Local Language) | Qazaqstan Respublikasy | Capital | Astana | Population | 18,360,353 | Currency | Kazakhstan Tenge | Kazakhstan Tenge | $128.1 billion | Languages | Kazakh; Russian | Telephone Dial In | 7 |
29,346
4,313
170
Country
Trade
% Partner Share
Russia
11,473
39.10
China
4,692
15.99
Germany
1,484
05.06
United States
1,253
4.27
Italy
945
3.22
Export product
Number
Petroleum oils, etc, (excl. crude); preparation
3.5%
Transmission apparatus, for radioteleph incorpo
2.8%
Other medicaments of mixed or unmixed products,
2.7%
Automobiles with reciprocating piston engine di
1.9%
Taps, cocks, valves and similar appliances, nes
1.4%
%
Product list
4.6%
Grain (mostly spring wheat and barley), potatoes, vegetables, melons; livestock
%
Industry list
31.8%
Oil, coal, iron ore, manganese, chromite, lead, zinc, copper, titanium, bauxite, gold, silver, phosphates, sulfur, uranium, iron and steel; tractors and other agricultural machinery, electric motors, construction materials
%
Services list
57.9%
Due to the high volume of its exports, Kazakhstan has been named as the 48th largest exported worldwide. Moreover, the country’s exports has been steadily increasing at an annualized rate of 3.7%.
Considered top exports of Kazakhstan are crude petroleum ($50 billion), petroleum gas ($4 billion), refined petroleum (around $4 billion), and refined copper ($3 billion), radioactive chemicals ($2.4 billion).
Kazakhstan also signed the Caspian Consortium Agreement in December 1996 which involves the construction of a new pipeline from the Tengiz Field to the Black Sea. Such project would increase that prospects of larger oil exportation in the coming years.
The top export destinations of Kazakhstan are China ($14 B), the Netherlands ($8 B), Italy ($6 B), Russia ($5.9 B) and France ($5.8 B).
Information
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Kazakhstan Economic Statistics
https://www.government.kz
https://countryeconomy.com/ratings/kazakhstan
National Bank of Kazakhstan
348.5
4.9%
2.7%
14.6%
11%
$128.1 billion
$25,700
Kazakhstan Tenge
KZT
Upper Middle Income
53/138
122/180
28/190
88/136
Currency in Kazakhstan