Kazakhstan flag Kazakhstan: Economic and Political Overview

Foreign trade figures of Kazakhstan

Foreign Trade in Figures

Kazakhstan is open to international trade, which represents 62% of its GDP (World Bank, latest data available). The country has an export-oriented economy that is highly dependent on shipments of oil and related products. In January–December 2023, Kazakhstan's exports were dominated by crude oil and crude oil products derived from bituminous minerals (53.8%), followed by radioactive chemical elements and isotopes (4.4%), refined copper and raw copper alloys (4.1%), copper ores and concentrates (3.9%), ferroalloys (3%), and natural gas in a gaseous state (2.6%). On the import side, the largest share consisted of cars (5%), telephone sets (3%), vehicle bodies and cabins (2.6%), medicinal products (2.3%), and motor vehicle parts and accessories (1.9% - data Kazakh Bureau of National Statistics).

In the same period, Kazakhstan's primary export partner countries included Italy (18.9%), China (18.7%), Russia (12.4%), the Netherlands (5.2%), Turkey (5%), and the Republic of Korea (4.8%); whereas imports came chiefly from China (27.4%), Russia (26.5%), Germany (5.2%), the U.S. (4.2%), the Republic of Korea (3.6%), and Turkey (3.3%). The country has been a WTO member since 2015 and has trade agreements with many countries in its region. It is also a member of the Eurasian Economic Union (Russia, Belarus, Armenia, Kyrgyzstan, and Kazakhstan), and the Common Economic Zone (Belarus and Russia). The Enhanced Partnership and Cooperation Agreement (EPCA) was signed in 2015 between the country and the European Union, and a revised version entered into force in March 2020.

The country has been recording trade surpluses since 1998 mainly due to the rise in shipments of oil and other commodities. As oil and gas are among Kazakhstan's main exports, the country's trade balance is affected by global commodity prices. The country has been recording trade surpluses since 1998 mainly due to the rise in shipments of oil and other commodities. As oil and gas are among Kazakhstan's main exports, the country's trade balance is affected by global commodity prices. In 2023, Kazakhstan exported goods worth USD 78.5 billion against USD 60.6 billion in imports (-7.1% and +19% y-o-y, respectively). Concerning services, exports stood at USD 10.7 billion, lower than imports (USD 13 billion). According to the World Bank, the country’s trade balance in goods and services was positive by 7% of its GDP in 2023, down from 14.8% one year earlier. Preliminary figures from the Bureau of National Statistics show that Kazakhstan's foreign trade turnover in January–December 2024 totalled USD 141.4 billion, marking a 1.3% increase compared to the same period in 2023 in nominal terms. Exports amounted to USD 81.6 billion, reflecting a 3.1% increase in nominal terms, while imports totalled USD 59.7 billion, showing a 1% decrease in nominal terms.

 
Foreign Trade Values 20192020202120222023
Imports of Goods (million USD) 37,75737,22241,17150,93460,655
Exports of Goods (million USD) 57,30946,44760,62584,59378,533
Imports of Services (million USD) 11,5418,4468,0359,51813,028
Exports of Services (million USD) 7,7545,2085,9357,96810,716

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20192020202120222023
Foreign Trade (in % of GDP) 64.957.058.768.361.8
Trade Balance (million USD) 18,4216,00924,22834,99719,862
Trade Balance (Including Service) (million USD) 14,6342,77222,12933,42118,164
Imports of Goods and Services (Annual % Change) 14.9-9.0-0.311.614.7
Exports of Goods and Services (Annual % Change) 2.0-11.32.310.21.9
Imports of Goods and Services (in % of GDP) 28.426.525.026.827.4
Exports of Goods and Services (in % of GDP) 36.430.533.641.634.4

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20242025 (e)2026 (e)2027 (e)2028 (e)
Volume of exports of goods and services (Annual % change) 3.67.74.34.51.6
Volume of imports of goods and services (Annual % change) 0.13.94.03.63.6

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Kazakhstan is a member of the Organization of Shanghai Cooperation, the Eurasian Economic Community, the Common Economic Area and the Organization of Economic Cooperation.
 

Main Partner Countries

Main Customers
(% of Exports)
2023
Italy 18.8%
China 18.7%
Netherlands 5.2%
Türkiye 5.0%
South Korea 4.8%
See More Countries 47.4%
Main Suppliers
(% of Imports)
2023
China 27.4%
Gambia 4.8%
United States 4.2%
South Korea 3.6%
Türkiye 3.3%
See More Countries 56.7%

Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

78.7 bn USD of products exported in 2023
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 53.7%
Copper, refined, and copper alloys, unwrought ...Copper, refined, and copper alloys, unwrought (excl. copper alloys of heading 7405) 4.1%
Copper ores and concentratesCopper ores and concentrates 3.9%
Ferro-alloysFerro-alloys 3.0%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 2.6%
See More Products 32.7%
61.2 bn USD of products imported in 2023
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 5.0%
Telephone sets, incl. telephones for cellular...Telephone sets, incl. telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, incl. apparatus for communication in a wired or wireless network [such as a local or wide area network]; parts thereof (excl. than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528) 3.0%
Bodies, incl. cabs, for tractors, motor vehicles...Bodies, incl. cabs, for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705 2.6%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.3%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 1.9%
See More Products 85.2%

Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import-Export Flows.

 

Main Services

10.3 bn USD of services exported in 2023
49.23%
21.93%
7.12%
6.86%
4.67%
3.47%
2.50%
2.40%
0.90%
0.35%
0.31%
0.27%
12.1 bn USD of services imported in 2023
28.27%
28.19%
20.85%
6.74%
3.47%
3.30%
2.64%
1.95%
1.40%
1.39%
1.27%
0.53%

Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

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Latest Update: May 2025