Trade turnover between Kazakhstan and Turkey reached historical maximum

From 2010 to 2021, the trade turnover between Kazakhstan and Turkey ranged from $1.5 billion to $4 billion, with a significant part of this amount accounted for the export of goods from Kazakhstan. In 2022, these countries reached an all-time high in bilateral trade, which amounted to $6.3 billion, El.kz reports with reference to the official channel of the Kazakh Institute of Economic Research.

Turkey occupies an important place among the largest trading partners of Kazakhstan. In 2022, Turkey ranked fourth in the turnover of goods with Kazakhstan, accounting for 4.5% of Kazakhstan's total trade.

In the period from January to August 2023, the trade turnover between Kazakhstan and Turkey amounted to $3.9 billion. Exports of goods from Kazakhstan to Turkey during this period amounted to $2.6 billion. There is an increase in the supply of such goods as copper (by 74.2% to $640 million), lead (3 times to $53 million) and wheat (by 75% to $51 million)

Imports to Kazakhstan from Turkey from January to August 2023 increased by 51% and amounted to $1.4 billion. This growth is due to an increase in imports of goods such as car bodies (from $3 million to $67 million), women's clothing (from $37 million to $59 million), and internal combustion engines (from $0 million to $26 million).

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