Kazakhstan significantly boosts its foreign trade in 1H2022

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BAKU, Azerbaijan, August 23. Kazakhstan’s trade turnover increased in the first half of 2022, National Economy Minister Alibek Kuantyrov said at the government meeting, Trend reports.

According to Kuantyrov, this figure stood at 63.7 billion dollars, up 39.4% in annual terms.

The minister also noted that the total export value from January to June increased by 56.3 percent and amounted to $42.2 billion. At the same time, exports of processed products increased by 33.5% to $12 billion.

During the review period, imports of goods amounted to $21.5 billion (an increase of 14.8%). Overall, the positive trade balance stands at $20.8 billion, he added.

Furthermore, according to him, the processing industry has maintained positive growth rates. From January to July this year, the production volume increased by 4.9%.

“Positive growth was recorded in 17 regions. The greatest increase accounted for the regions of East Kazakhstan and Kostanay, the Abay region, as well as the cities of Almaty and Shymkent. In these regions, an increase of the production of food products, petroleum products, building materials, medicines, non-ferrous metals, tractors, trucks and cars,” the minister said.

According to him, the volume of production in the first seven months of this year decreased in the Zhetysu region (by 7.5 percent), as well as in the regions of Pavlodar (by 3 percent) and Turkestan (by 0.2 percent), mainly due to a reduction in the production of flour, soft drinks, ready-mixed concrete, uranium, steel structures, batteries, gasoline, fuel diesel, ferrochrome and raw aluminum.

As for processing industries, production growth of 7.7% was ensured in mechanical engineering, including the automotive industry – by 19.6%, the production of computers, electronic and optical equipment – by 13.8%, food – by 2.8%, beverages – by 9.1%. percent, plastic products – by 5.3 percent, finished metal products – by 3 percent, chemical industry products – by 10.6 percent and clothing – by 5.5 percent.

In the mining industry, the production volume increased by 1% (from January to June – by 1.9%). In terms of industries, production increased by 18.7% in the provision of services in the mining industry, gas production – by 2.2%, coal – by 1.3%, metal ores – by 0.9% and crude oil – by 0.3%. In the extraction of other minerals, a drop of 6.6% was recorded, Kuantyrov added.

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