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24-11-2023
In 2022, the Republic of Kazakhstan exported products worth $76 billion globally. Compared with the same period in 2021, Kazakhstan's total exports increased by 26% from $60.3 billion.
Kazakhstan's three most valuable exports are crude oil, unwrought gold, refined copper and unwrought alloys.
Kazakhstan's Most Valuable Trading Partner
The latest country-specific data shows that Kazakhstan’s exports are mainly purchased by importers from the following countries: mainland China (accounting for 16.2% of Kazakhstan’s total), Italy (14.7%), Russia (11.6%), the Netherlands (7.3 %), Turkey (4.9%), Uzbekistan (4.6%), France (4%), South Korea (3.1%), Spain (2.71%), India (2.7%), Romania (2.5%) and Greece (2.2% ).
Kazakhstan’S Top 10 Export Products
1. Fossil fuels including petroleum: $43.1 billion (56.8% of total exports)
2. Gems and precious metals: US$11 billion (14.5%)
3. Ore, slag, ash: US$4.3 billion (5.7%)
4. Steel: $4.1 billion (5.4%)
5. Copper: $3.8 billion (5%)
6. Inorganic chemicals: $2.4 billion (3.2%)
7. Cereals: $1.2 billion (1.6%)
8. Salt, sulfur, stone, cement: $855.7 million (1.1%)
9. Oilseeds: $639.1 million (0.8%)
10. Zinc: $597.7 million (0.8%)
Kazakhstan's top ten exports accounted for 94.8% of its total global exports.
Gemstones and precious metals are the fastest growing among the top ten export categories, growing by 1,186% from 2021 to 2022. The second largest export sales improvement was oilseeds, which increased by 67%. Kazakhstan had the third largest increase in exports of fossil fuels, including oil, at 23.9%.
The largest decline among Kazakhstan's top 10 export categories was cereals, which fell by -27.3% year-on-year. The decrease was due to lower sales of Kazakh barley, wheat and rice on international markets.
According to the more granular four-digit HS code, Kazakhstan’s most valuable export is crude oil (46.5% of the country’s total exports). In second place are Kazakhstan’s exports of unwrought gold (12.5%), refined copper and unwrought alloys (5%), copper ores (4.1%), ferroalloys (4%), processed coal (including Solid fuels made from coal) (3.2%). Petroleum (3.1%), radioactive chemical elements (2.4%), petroleum gas (2.2%), and then unwrought silver (1.7%).
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