Kazakhstan: Visió econòmica i política
Kazakhstan is open to international trade. According to the World Bank, the share of international trade in 2021 amounted to 58% of GDP (World Bank, 2023). Kazakhstan has an export-oriented economy that is highly dependent on shipments of oil and related products (57.2% of total exports). The country has been recording trade surpluses since 1998 mainly due to rise in shipments of oil and other commodities.In addition to oil, its main export commodities include natural gas, ferrous metals, copper, aluminum, zinc, uranium. Kazakhstan's main export products are raw materials, notably oil, petroleum products, coal, iron ore, machinery. Cereals, wool and meat are other major exports. The country imports mainly machinery, nuclear reactors, boilers, Electrical, electronic equipment, and radiotelephone transmitting devices.
Kazakhstan's main international customers are China (19.2% of all exports), Italy and Russia, while the main suppliers are Russia (34.9%), China, South Korea and Germany. Russia and Kazakhstan have undertaken joint projects in many areas, including energy. The government aims to improve the country's integration abroad to increase investment in the country. The country has been a WTO member since 2015 and has trade agreements with many countries in its region. It is also a member of the Eurasian Economic Union (Russia, Belarus, Armenia, Kyrgyzstan and Kazakhstan), and the Common Economic Zone (Belarus and Russia). The Enhanced Partnership and Cooperation Agreement (EPCA) was signed in 2015 between the country and the European Union, and a revised version entered into force in March 2020.
As oil and gas are among Kazakhstan's main exports, the country's trade balance is affected by global commodity prices. Kazakhstan’s total foreign trade turnover amounted to 91.3 billion USD over the period from January through November 2021, an increase of 15.4% compared to 79.1 billion USD during the same period last year. This means that the EU accounts for 31% of all Kazakh foreign trade. The increase is trade has largely been due to the increased amount of freight moving across Eurasia from China to Europe, with the trans-Kazakh route one of the heaviest used. Kazakh imports from China usually arrive by the same rail route and reached about US$8 billion in value in 2021. With these containers being offloaded at Kazakhstan, space is then available for Kazakh goods to continue west to Europe. Kazakhstan’s Statistics Committee has stated that Kazakhstan’s trade with the countries of the European Union reached 28.4 billion USD during the period January – November 2021, which is a 25.6% increase over the 22.6 billion USD achieved during the same period in 2020 (Silk road briefing, 2022). In 2021, total U.S.–Kazakhstan goods trade was 2.65 billion USD, with the United States holding a negative trade balance of 1.56 billion USD.
Kazakhstan recorded a trade surplus of 1309.10 USD Million in December of 2022 (Agency of Statistics of the Republic of Kazakhstan, 2023).
Foreign Trade Values | 2017 | 2018 | 2019 | 2020 | 2021 |
Imports of Goods (million USD) | 29,266 | 32,534 | 37,757 | 37,222 | 41,171 |
Exports of Goods (million USD) | 48,304 | 60,956 | 57,309 | 46,447 | 60,625 |
Imports of Services (million USD) | 9,949 | 11,850 | 11,331 | 7,969 | 7,664 |
Exports of Services (million USD) | 6,261 | 7,070 | 7,467 | 4,837 | 5,814 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2017 | 2018 | 2019 | 2020 | 2021 |
Foreign Trade (in % of GDP) | 56.8 | 63.5 | 64.9 | 57.0 | 57.5 |
Trade Balance (million USD) | 16,300 | 24,839 | 17,044 | 9,249 | 18,756 |
Trade Balance (Including Service) (million USD) | 12,722 | 20,178 | 13,380 | 6,137 | 16,936 |
Imports of Goods and Services (Annual % Change) | 1.0 | 6.6 | 14.9 | -9.0 | -2.7 |
Exports of Goods and Services (Annual % Change) | 8.0 | 9.6 | 2.0 | -11.3 | 2.0 |
Imports of Goods and Services (in % of GDP) | 24.4 | 25.9 | 28.4 | 26.5 | 24.0 |
Exports of Goods and Services (in % of GDP) | 32.4 | 37.6 | 36.4 | 30.5 | 33.5 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2022 | 2023 (e) | 2024 (e) | 2025 (e) | 2026 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 9.2 | 10.2 | 4.6 | 4.7 | 1.3 |
Volume of imports of goods and services (Annual % change) | 12.2 | 1.6 | 1.3 | 3.4 | 1.4 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2020 |
China | 19.2% |
Italy | 14.2% |
Russia | 10.4% |
Netherlands | 6.7% |
Uzbekistan | 4.5% |
See More Countries | 45.0% |
Main Suppliers (% of Imports) |
2020 |
Russia | 34.9% |
China | 16.7% |
South Korea | 12.8% |
Germany | 4.7% |
United States | 3.0% |
See More Countries | 27.9% |
Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import Export Flows.
Source: United Nations Statistics Division, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: May 2023