According to the Kazakh Ministry of Trade and Integration press service, Kazakhstan – Eurasian Economic Union (EAEU) trade turnover reached $10 billion in January – May this year (4.8 percent up compared to the same period of the previous year ($9.5 billion).
The decrease of exports from Kazakhstan to the EAEU countries attained 0.9 percent ($2.9 billion) in January – May. Iron ore concentrates, hot rolled steel and cold rolled steel and ferrous metals were included. Simultaneously, the supply of aluminum oxides and hydroxides, unprocessed zinc, ferroalloys, and rolling stock components has increased.
At the same time, an increase of imports from the EAEU countries to Kazakhstan by 7.3 percent ($7 billion) has been observed in the first five months of this year. The majority of the imported goods were made up by copper ores and concentrates, sunflower seeds, wheat, zinc concentrates, semi-finished products of non-alloy steel, mineral and carbonated water and nitrogen fertilizers.
Kazakhstan’s non-primary goods trade turnover with EAEU countries attained $8.1 billion (6.2 percent up compared to the same period in 2021 ($7.7 billion).
An increase by 13.6 percent ($2 billion) was shown by exports of non-primary goods from Kazakhstan to the EAEU countries, while the growth of imports of processed goods to Kazakhstan from the EAEU countries reached 4.1 percent ($6.2 billion).