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).
|Official Name (Local Language)||Qazaqstan Respublikasy||Capital||Astana||Population||18,360,353||Currency||Kazakhstan Tenge||GDP||$128.1 billion||Languages||Kazakh; Russian||Telephone Dial In||7|
% Partner Share
Petroleum oils and oils obtained from bituminou
Copper cathodes and sections of cathodes unwrou
Ferro-chromium containing by weight more than 4
Natural gas in gaseous state
Natural uranium and its compounds, etc
Grain (mostly spring wheat and barley), potatoes, vegetables, melons; livestock
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
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).
National Bank of Kazakhstan
Upper Middle Income