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Kazakhstan reveals main trade partners

1 March 2016 18:25 (UTC+04:00)
Kazakhstan reveals main trade partners

The European countries accounted for 45.5 percent of Kazakhstan’s trade turnover in January- September 2015, the country’s National Bank reported on March 1.

The CIS and Asian countries accounted for 26.4 percent and 24.1 percent of Kazakhstan’s trade turnover, respectively during the reporting period.

This is while four percent of this volume accounted for other countries.

The trade turnover with the member states of the Eurasian Economic Union (Russia, Belarus, Armenia and Kyrgyzstan) has dropped by 25.8 percent and stood at $12.1 billion.

Kazakhstan’s export to the Eurasian Economic Union members has decreased by 29.3 percent, while its import from these countries has dropped by 24.1 percent.

Trade turnover with the members of the European Economic and Monetary Union has dropped by 41.5 percent, while the export and import from these countries has decreased by 45.8 percent and 14.1 percent, respectively.

This is while the trade turnover with Russia has decreased by 25.6 percent and stood at $11.1 billion. Kazakhstan’s export to Russia has dropped by 30.5 percent.

Kazakhstan’s foreign trade turnover dropped by 34.7 percent in Jan.-Sept. 2015, compared to the same period of 2014 and totaled $61.9 billion.

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