Kazakhstan’s trade with China grows 30% in one year

China remains one of Kazakhstan’s main trading partners, with mutual trade turnover exceeding $31 billion last year, marking a nearly one-third increase compared to 2022, Finprom.kz reports. Kazakhstan’s exports to China also show positive growth dynamics, surging by nearly 12 percent to almost $15 billion. Main export goods include oil and petroleum products, as well as copper, gas, metals, and ferroalloys. The Kazakh Agriculture Ministry noted a doubling of agricultural exports, surpassing $1 billion in the past year. In turn, China predominantly exported passenger cars, computers, components and spare parts, and textiles to Kazakhstan in 2023. Also, Chinese investments were primarily directed towards the mining industry and trade, with each sector receiving over $1 billion. The gross inflow of direct Chinese investments amounted to $1.4 billion for January-September last year, indicating a significant growth of 36 percent compared to 2022.

Web-editor: Aizhan