Kazakhstan-Germany trade turnover grows by 90% in 2022

Kazakhstan-Germany trade turnover grows by 90% in 2022

The trade turnover between Kazakhstan and Germany grew by more than 90 percent, reaching nearly 10 billion euros last year. Additionally, there was an upward trend in the export of domestic goods to Germany as well, with an 86.5 percent increase over the past year, totaling around seven billion euros, as stated by Volker Treier, the head of foreign trade at the German Chamber of Industry and Commerce (DIHK), at a meeting with the First Deputy Prime Minister Roman Sklyar. Furthermore, these figures are expected to continue to rise in the near future as the parties are set to step up their cooperation, including in the areas of energy, industry, transport, and logistics. According to Volker Treier, Kazakhstan plays a key role for Germany in the Central Asian region.