Trade Turnover between Kazakhstan and EAEU attains $10 Billion in Five Months

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).

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Non-primary foreign exports increasing by nearly 35 percent in five months caused Kazakhstan’s wheat sales dramatic growth.

According to the Kazakh Ministry of Trade and Integration press service, the trade turnover of non-primary goods of Kazakhstan in January – May 2022 attained $25.3 billion (20.4 percent up compared to the same period of the previous year ($21.0 billion).
QazTrade, center for trade policy development under the Ministry of Trade and Integration, reported that the increase of non-primary goods export from Kazakhstan reached 34.7 percent in five months ($9.7 billion).
The export growth has been contributed to by a significant increase in the supply of non-raw materials such as ferroalloys, uranium, copper, sulfur, and unprocessed zinc.
The supplies of wheat or wheat-rye flour drastically increased by 86 percent, as well as oxides and hydroxides aluminum – by 89.2 percent.
At the same time, the average boost of the import attained 12.9 percent ($15.5 billion). An increase in the import of such non-primary goods as automobile bodies, medicines packaged for retail sale, ferrous metal products, parts, accessories for cars and tractors, engines internal combustion with spark ignition, telephones, and air conditioning units drives its growth.
The ministry reports that Kazakhstan’s main trading partners in non-primary goods are Russia (export – 17.9 percent, import – 37.2 percent), China (export – 19.9 percent, import – 23.5 percent) and Turkey (export – 7.5 percent, import – 2.9 percent).

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Uzbekistan’s FTT at $24.5 billion in first half of 2022

In January-June 2022, the foreign trade turnover of Uzbekistan reached $24.5 billion. Compared to the corresponding period of 2021, the figure increased by $6 billion, the State Statistics Committee said. During the reporting period, the republic exported products ($8.3 billion) and services ($1.6 billion) for a total of $9.9 billion. Imports, in the meantime, were … Read more

Egypt and Serbia sign partnership declaration

Egypt and Serbia on Wednesday agreed to expand political, economic and other cooperation as the two countries seek ways to deal with the global consequences of the situation around Ukraine, AP reported. Egyptian President Abdel-Fattah el-Sisi was in Serbia for a three-day visit this week. This is the first visit by an Egyptian president in … Read more

European Council increases export quotas for some Moldovan agricultural products

The European Council has approved the increase, for one year, of the export quotas for several Moldovan farming products, the Economics Ministry reported today. „The producers from the agricultural sector of Moldova will be able to export to the European Union’s market, during one year, substantially larger quantities of farming goods, without the payment of … Read more

Georgia, Uzbekistan to deepen economic, transit ties

Georgian Economy Minister Levan Davitashvili said cooperation was a “priority” for both countries from the economic point of view, resulting in the setting of “specific goals” of cooperation, which would be implemented within the bilateral intergovernmental commission this year. An intergovernmental commission meeting will be held in Tashkent this year with the aim to discuss … Read more

Turkiye was top export destination of Azerbaijan’s non-oil products in January-June 2022

Turkiye was the top export destination of Azerbaijan’s non-oil products in January-June of this year, according to the State Customs Committee. Official statistics suggests that Turkiye, Russia, Georgia, Switzerland and the US were the five major export destinations of Azerbaijan’s non-oil products. The volume of export with Turkiye made $428.4 million, while it amounted to … Read more

In first 5 months of 2022, about $76 million worth of goods imported to Armenia from Turkey

Over the first 5 months of the current year, goods worth about $76 million were imported from Turkey to Armenia, the Statistical Committee’s press service informed Armenian News-NEWS.am. The January imports were $7.9 million, February – $14.9 million, March – $18.2 million, April – $17.8 million and May – $17.3 million. It is noteworthy that … Read more