Exporting to Kazakhstan

Kazakhstan Export Guide | Trade Finance Global

Exporting to Kazakhstan

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).

Kazakhstan Country Profile

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

Kazakhstan Imports Profile

Imports ($m USD)

29,346

Number of Import Products

4,313

Number of Import Partners

170

Top 5 import partners

Country

Trade

% Partner Share

Russian Federation

11,473

39.10

China

4,692

15.99

Germany

1,484

05.06

United States

1,253

4.27

Italy

945

3.22

Top 5 Import Products at HS 6 digit level

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%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Kazakhstan

Agriculture

%

Product list

4.6%

Grain (mostly spring wheat and barley), potatoes, vegetables, melons; livestock

Industry

%

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

%

Services list

57.9%

Exporting to Kazakhstan: What is trade finance?

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

Government Website

http://www.government. kz

Sovereign Ratings

https://countryeconomy.com /ratings/kazakhstan

Central Bank

National Bank of Kazakhstan

Currency USD Exchange Rate

348.5

Unemployment Rate

4.9%

Population below poverty line

2.7%

Inflation Rate

14.6%

Prime Lending Rate

0,11

GDP

$128.1 billion

GDP Pro Capita (PPP)

$25,700

Currency Name

Kazakhstan Tenge

Currency Code

KZT

World Bank Classification

Upper Middle Income

Competitive Industrial Performance

53/138

Corruption Perceptions Index

122/180

Ease of Doing Business

28/190

Enabling Trade Index

88/136

Currency in Kazakhstan

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