Kazakhstan’s export grew by 30 per cent and exceeded 48 billion U.S. dollars
Kazakhstan’s export grew by 30 per cent and exceeded 48 billion U.S. dollars from 2013 to 2017. The share of manufacturing industry in the total amount of exports grew to 32 per cent. According to the Kazakh Minister of Investments and Development, Zhenis Kassymbek, Kazakhstan’s foreign trade turnover reached 69.5 billion U.S dollars and the Kazakh goods were exported to 123 countries.
ZHENIS KASSYMBEK, KAZAKH MINISTER OF INVESTMENTS AND DEVELOPMENT:
- The results of the two months of 2018 showed that the total value of export was 8.8 billion U.S dollars. It is an increase of 27.4 per cent compared to the same period in 2017. From 2010 until 2017, the exporters received financial and insurance support, worth over 112.6 billion Tenge as well as export trade financing, worth 14.7 billion Tenge and pre-export financing worth five billion Tenge.
204 Kazakh exporters received the Government support, worth over 1.6 billion Tenge. Russia and China are the major markets for the Kazakh products.
The Kazakh Government believed that the establishment of free trade zones will help to expand its export market. Currently, the Government plans to sign agreements on free trade zones with India, Egypt, Singapore and Israel.
TIMUR SULEIMENOV, KAZAKH MINISTER OF NATIONAL ECONOMY:
- In 2015, the non-primary exports to Vietnam totaled 9.5 million U.S. dollars. The export value increased to 272 million U.S. dollars in 2017. Moreover, the process of filing export documentation has changed. Now the documents are submitted electronically with only one document instead of three.
The main export items that Kazakh producer supply to foreign markets are wheat, flour, oil and beans. The Kazakh Government will continue to work on boosting the non-primary exports by 1.5 times by 2022.