In 2023, Kazakhstan's trade volume with EU countries increased by 3.5%, reaching $41.4 billion
Source: The DairyNews
During the trade negotiation format meeting between Benelux and Kazakhstan, discussions took place regarding the trade turnover between Kazakhstan and EU countries, along with future prospects for trade and investments.
This information was reported by The DairyNews, citing the press service of the Ministry of Trade and Integration of the Republic of Kazakhstan.
In 2023, the overall trade volume between Kazakhstan and EU countries reached $41.4 billion, which is 3.5% higher than the corresponding period in 2022.
The export of Kazakhstani goods to the European market decreased to $31 billion, while imports to Kazakhstan increased to $10.4 billion.
Belgium and the Netherlands, both part of Benelux, are highlighted as Kazakhstan's key trading partners in the EU. These countries also account for the majority of investments, as noted by the ministry's press service.
According to Denis Van den Weyn, the President of the Benelux Chamber of Commerce, Kazakhstan has significant potential for expanding trade due to its necessary resources and strategic location.
Ainur Amirbekova, the Director of the International Integration Department at "QazTrade," a subsidiary of the Ministry of Trade and Integration, mentioned that Kazakhstan provides non-financial and service support to non-raw material exporters and producers based on QazTrade, ensuring strict compliance with WTO legislation. Programs promoting export and introducing Kazakhstani producers to international marketplaces are in place. Trade and economic missions are organized for promising exporters to priority countries to present goods and services and seek new partners. Through the Export Credit Agency "KazakhExport," financial instruments, including export financing, are available to Kazakhstani enterprises.
In 2023, the overall trade volume between Kazakhstan and EU countries reached $41.4 billion, which is 3.5% higher than the corresponding period in 2022.
The export of Kazakhstani goods to the European market decreased to $31 billion, while imports to Kazakhstan increased to $10.4 billion.
Belgium and the Netherlands, both part of Benelux, are highlighted as Kazakhstan's key trading partners in the EU. These countries also account for the majority of investments, as noted by the ministry's press service.
According to Denis Van den Weyn, the President of the Benelux Chamber of Commerce, Kazakhstan has significant potential for expanding trade due to its necessary resources and strategic location.
Ainur Amirbekova, the Director of the International Integration Department at "QazTrade," a subsidiary of the Ministry of Trade and Integration, mentioned that Kazakhstan provides non-financial and service support to non-raw material exporters and producers based on QazTrade, ensuring strict compliance with WTO legislation. Programs promoting export and introducing Kazakhstani producers to international marketplaces are in place. Trade and economic missions are organized for promising exporters to priority countries to present goods and services and seek new partners. Through the Export Credit Agency "KazakhExport," financial instruments, including export financing, are available to Kazakhstani enterprises.
