Tatyana Gracheva

The trade between Kazakhstan and China increases.

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According to Finprom.kz, trade turnover between Kazakhstan and China reached $1.4 billion as of January (53.4% up compared to the previous year).
The Bureau of National Statistics of the Agency for Strategic Planning and Reforms reports that China’s share is 16.1 percent of the country’s foreign trade turnover.
In the first month of this year exports to China exceeded imports (77.9 % up over the year) and reached $771.7 million. China’s share of total exports from Kazakhstan reached 12.7%.
Imports reached $648.5 million (31.8 % up). It is 23.8 % of the total volume of imports to Kazakhstan.
The National Bank’s statistics informs that the obligations of Kazakh residents to Chinese investors as of Oct. 1, 2021 reached $13.5 billion (0.4 percent growth compared to a year earlier). After a two-year decline this indicator rose slightly.
The majority of finance ($2.8 billion) was allocated to the manufacturing industry in Kazakhstan by investors from China by October 2021. They also made investments in the sphere of transport and warehousing ($2.6 billion), trade and car repair ($2.1 billion).
In January – September 2021 the gross inflow of Chinese direct investments amounted to $1.5 billion. It is 2.9 times more than a year earlier ($521.8 million in January – September 2020).
1,500 companies with Chinese capital operate in the country as of March 1 (increase 17.4% compared to the previous year).
The wholesale, retail trade, car repair, construction and mining industries are the spheres most of these companies are engaged in.

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Presidential decree: Exporters will be provided with benefits and subsidies

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According to the document, exporters will receive subsidies to compensate for expenses, including up to 70% of transportation costs, young entrepreneurs will receive loans and more. The presidential decree “On additional measures to support participants in foreign trade activities” will strengthen measures to support and stimulate the export activities of domestic business entities. In particular, … Read more

Serbia exports goods worth 3.7 billion in 2022

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Serbia’s export totaled 3.7 billion Euro in the first two months of 2022, the Republic Statistics Office (RZS) said on Thursday. It said that exports were 26.8 percent higher than in the same period a year earlier and added that imports rose by 51.7 percent to stand at 5.5 billion Euro. Serbia’s total foreign trade … Read more

“Any and all” cargo passing through Georgia subject to “tight customs control” – Revenue Service

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The Revenue Service of the Ministry of Finance of Georgia has “categorically” declared that “any and all cargo”, including the goods in the list of international sanctions against Russia due to its invasion of Ukraine, is subject to “tight customs control” by the Georgian authorities. The state agency made the statement on Wednesday in response … Read more

Azerbaijan’s exports in January – February 2022

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Turkiye was top export destination of Azerbaijan’s non-oil products in February 2022 Turkiye was the top export destination of Azerbaijan’s non-oil products in February of this year, according to the State Customs Committee. Official statistics suggests that Turkiye, Russia, Georgia, Switzerland and Italy were the five major export destinations of Azerbaijan’s non-oil products. The volume … Read more

Armenian-Kazakh trade in 2021 has increased by more than 30%. Ambassador of Kazakhstan

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Despite the negative impact of external factors, the trade turnover between the countries of the Eurasian Economic Union is growing dynamically, ARMENPRESS reports Ambassador of the Republic of Kazakhstan to Armenia Bolat Imanbayev said at a round table on “Opportunities for EEU Development: Prospects after the Declaration of an Economic War against Russia by Collective … Read more

Georgia will import goods from Kazakhstan via Georgian corridor

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According to the Minister of Industry and Infrastructure Development of Kazakhstan Kairbek Uskenbayev, export and transit cargos from Kazakhstan will be redirected to the Trans-Caspian International Transport Route (TMTM) crossing Azerbaijan, Georgia and Turkey.
According to the Russian news agency TASS, Uskenbayev said that Kazakhstan had reached an agreement with Azerbaijan, Georgia and Turkey to create a joint venture on the route as an integrated transport and logistics company.
The Kazakh official said that a container hub on the basis of the free economic zone seaport of Aktau is to be created in order to develop cargo transportation via TMTM.
Kazakhstan has begun working on alternate routes for the transportation of export and transit cargos, along with the authorities’ decision to redirect the freight to Latvian ports due to the war in Ukraine and sanctions imposed against Russia.
The aim of the TMTM, established in October 2016, is to attract transit and foreign trade cargo, as well as develop integrated logistics products via the Trans-Caspian International Transport Route, which runs through China, Kazakhstan, Azerbaijan, Georgia and further to European countries.

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