Export share in foreign trade turnover reaches 60%

Kazakhstan has returned to its pre-crisis export rates. Since the beginning of the year, the country has sent abroad products worth US$37 billion. The share of exports in foreign trade turnover thus reached 60 percent. According to the Center for Trade Policy Development, raw materials account for 68 percent of the total volume, and derivative products for 32 percent. Experts say that high export rates are due to the sale of oil to foreign markets. In the first eight months of the year, Kazakhstan sold US$19 billion worth of oil. European countries, China and the EAEU are major buyers of domestic products. In particular, since the beginning of the year, US$15 billion in goods have been delivered to the EU. Products worth US$6.5 billion were sold to China.

Translation by Assem Zhanmukhanova

Editing by Galiya Khassenkhanova