Imports from China to Kazakhstan increased by 53% - statistics

Imports from China to Kazakhstan increased by 53% - statistics

China and Russia topped the rating of the largest trading partners of Kazakhstan, the statistical office calculated

ASTANA, Aug 17 - Sputnik. The growth of trade turnover between Kazakhstan and China for six months amounted to 20%, the Bureau of National Statistics reported. Its share in the country's foreign trade turnover exceeded a fifth, the ministry added.
Kazakhstan has increased trade turnover with the EAEU countries
According to the bureau, the trade turnover between China and Kazakhstan in January-June amounted to $ 13.6 billion, which is 20.5% more than last year's result. Exports to China decreased by 3% to $6.3 billion, or 16.7% of total exports, while imports, on the contrary, increased by 53% to $7.3 billion, or 24.8%.
According to the Bureau of National Statistics, Russia ranks second in the rating of Kazakhstan's largest trading partners with $12.7 billion and an 18.9% share of Kazakhstan's trade turnover. By the way, the volume of trade with Russia for six months increased by 3.7% in annual terms. At the same time, exports increased 1.4 times to $4.9 billion, and purchases from Russia decreased by 10% to $7.8 billion.
In which countries of the EAEU did foreign trade turnover grow the most
Italy occupies the third place in the rating of Kazakhstan's foreign trade partners, despite the fact that the trade turnover of this country with Kazakhstan decreased by 1.5% to $ 7.9 billion. The Italian share is 11.7%. Kazakhstan's exports to Italy, according to statistics, account for 19% of deliveries abroad. Even with a decrease of 4.3%, it amounted to $7.2 billion. Imports from Italy in the first half of the year rose to $ 633.2 million against $ 427.2 million a year earlier, the ministry added.
South Korea (with a share of 5.2% of Kazakhstan's total trade turnover), Turkey (4.3%), the Netherlands (3.7%), Uzbekistan (3.3%), France (3.1%), the USA (2.7%) and Germany (2.5%) also entered the Top 10 of the rating of Kazakhstan's trade partners, noted in the department.