KazPost

Kazakhstan News
Saturday, Feb 22, 2025

Kazakhstan - first trade partner of EU in Central Asia

Kazakhstan - first trade partner of EU in Central Asia

Kazakhstan is by far the first trade partner of the European Union (EU) in Central Asia, and the EU is Kazakhstan’s first trade partner globally, source in EU told Trend.

«Trade and economic relations between the EU and Kazakhstan are good and improving. The EU exported 5.8 billion euros worth of goods to Kazakhstan in 2018, and imported 20.8 billion euros worth of goods from Kazakhstan,» the official said.

The official further noted that while EU exports are rather diversified, the EU imports mostly oil, gas and uranium from Kazakhstan.

Thus, according to the information, value of the EU's import from Kazakhstan increased by 18.2 percent in 2018 compared to 2017, whereas export increased by 14.2 percent.

Thus, the largest part of the structure of trade turnover between EU and Kazakhstan is industrial goods turnover. Value of EU industrial goods import from Kazakhstan was 20.527 billion euros during the reporting period, whereas EU export of industrial goods was 5.480 billion euro.

The second place goes to agricultural products, import of which was 262 million euros during the reporting period and export was 340 million euros.

Furthermore, fishery products are third by the share in trade turnover, the EU import of which amounted to 37 million euros and EU export of which equaled 4 million euros.

Furthermore, according to the standard international trade classification, the largest share of the EU import from Kazakhstan accounts for import of mineral fuels, lubricants and related materials (18.647 billion euros).

It is followed by import of manufactured goods (984 million euros), chemicals and related products (304 million euros), and food and live animals (163 million euros).

In turn, the largest share of the EU export to Kazakhstan accounts for machinery and transport equipment (3.011 billion euros). It is followed by chemicals and related products (1.050 billion euros), manufactured goods (620 million euros), and food and live animals (219 million euros).

Furthermore, growth of overall trade turnover between Kazakhstan and the EU over the course of the last ten years (2008-2018) amounted to 13 percent.

Newsletter

Related Articles

KazPost
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
An Ominous Shift in Warfare: Western Powers Risk War Crimes and Violate International Norms with Cluster Bomb Supply to Ukraine
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
Corruption in the European Parliament - Business as usual
UK Crypto and Stablecoin Regulations Become Law as Royal Assent is Granted
Paris Suburb Grapples with Violence as Curfew Imposed: Saint-Denis Residents Express Dismay and Anger
A Delaware city wants to let businesses vote in its elections
Alef Aeronautics Achieves Historic Milestone with Flight Certification for World's First Flying Car
Google Blocked Access to Canadian News in Response to New Legislation
French Politicians Advocate for Pan-European Regulation on Social Media Influencers
×