Kazakh – Eurasian Economic Union 2021 Trade Up 30.5%
Mutual trade between Kazakhstan and the Eurasian Economic Union (EAEU) countries – Armenia, Belarus, Kyrgyzstan, and Russia reached US$23.4 billion for the eleven months January to November 2021, a 30.5% increase compared to the same period in 2020, according to data released by Kazakhstan’s Statistics Committee.
Of this, Kazakhstan exports reached US$6.9 billion – an increase of 35.3%), while EAEU imports into Kazakhstan reached US$16.5 billion accounts for import – an increase of 25.7%.
Russia was responsible for the bulk of this trade accounting for 92.9% of the total share, while Kazakhstan’s neighbour Kyrgyzstan accounted for 3.7% and Belarus 3.3%
2021 Kazakh – EAEU Imports
In terms of products, 10.6% of Kazakhstan’s imports were mineral products, 26.6% machinery, equipment, vehicles, and tools while 16.1% accounted for metals and metal goods, and 15.2% in chemicals and related products. 15.7% accounted for animal and vegetable products, including prepared food items, with 15.2% in non-specific imports.
2021 Kazakh – EAEU Exports
36.4% of Kazakhstan’s exports were for mineral products, 31.8% metals and related articles, 12.9% chemical and related products, industries, 9% animal and vegetable products, 7.7% in machinery, equipment, vehicles, and tools, and 2.2% in general goods and products.
Russia Briefing is written by Dezan Shira & Associates. The firm has 28 offices throughout Eurasia, including China, Russia, India, and the ASEAN nations, assisting foreign investors into the Eurasian region. Please contact Maria Kotova at firstname.lastname@example.org for Russian investment advisory or assistance with market intelligence, legal, tax and compliance issues throughout Asia.