The trade turnover between Kazakhstan and the EEU countries in January – April 2020 amounted to 5.7 billion us dollars, which is 9.3% lower than in the same period of the previous year (6.3 billion US dollars). Exports to the EEU decreased by 16.5% to $ 1.6 billion. Imports decreased by 6.1% to $ 4.1 billion.
Mutual trade of the Republic of Kazakhstan with the EEU (billion us dollars)
January-April 2019 | January-April 2020 | The increase 2020/2019 | |
Trade turnover | 6,3 | 5,7 | -9,3% |
Export | 1,9 | 1,6 | -16,5% |
Import | 4,3 | 4,1 | -6,1% |
Trade balance | -2,4 | -2,5 | deteriorated |
The trade turnover of Kazakhstan with the Eurasian economic Union in the context of countries:
- Russia (92.6% of the total trade turnover with the EEU) – 5.3 billion us dollars;
- Kyrgyzstan (3.9%) – us $ 223.7 million;
- Belarus (3.4%) – us $ 191.4 million;
- Armenia (0.1%) – 4.4 million US dollars.
The main export products of Kazakhstan to the EEU countries: iron ores and concentrates – 173 million us dollars (with a share of 10.8%), ores and concentrates of precious metals – 155.9 million us dollars (9.7%), copper ores and concentrates – 124.6 million us dollars (7.8%), uranium – 75.1 million us dollars (4.7%), coal – 74.5 million US dollars (4.6%), flat rolled non – alloy steel clad-72.9 million US dollars (4.5%).
Kazakhstan’s exports to the EEU by country:
- Russia (88.5% of all exports to the EEU) – 1.4 billion us dollars;
- Kyrgyzstan (9.9%) – us $ 159.7 million;
- Belarus (1.4%) – us $ 22.5 million;
- Armenia (0.2%) – us $ 2.4 million.
The main imports of Kazakhstan from the EEU countries: natural gas – 169.7 million us dollars (with a share of 4.2%), petroleum products – 103.5 million us dollars (2.5%), ores and concentrates of precious metals – 101.8 million us dollars (2.5%), passenger cars – 92.7 million us dollars (2.3%), coke and semi – coke-73.9 million us dollars (1.8%).
Kazakhstan’s imports to the EEU by country:
- Russia (94.2% of all imports from the EEU) – 3.8 billion us dollars;
- Belarus (4.1%) – us $ 168.8 million;
- Kyrgyzstan (1.6%) – 64.0 million us dollars;
- Armenia (0.1%) – 2.0 million US dollars.