Kazakhstan's export industry has witnessed a decline of over 15% in the last six months, resulting in a total of $32.6bn, media reports.
Although there has been a decline in the industry, crude oil remains the most exported product, accounting for 63% of the total ($20.5bn).
Copper and copper cathodes, copper ores and concentrates, ferroalloys, wheat, natural gas, petroleum products, uranium, silver, wheat flour, or wheat-rye also remain popular exports.
Kazakhstan's export geography has recently expanded, with countries like Cambodia, Syria, Paraguay, and Liechtenstein among those that have started buying products from Kazakhstan.
Besides, the total volume of Kazakhstan's foreign trade has increased by 4.4%, reaching $53.4bn in the first half of 2023 compared to the same period in 2022.
Earlier, Daryo reported that Kazakhstan is set to get a 30% discount on goods passing through Turkmenistan to Afghanistan in transit. Kazakhstan plans to maintain its partnership with Uzbekistan to provide Afghanistan with flour and grain.
Meanwhile, the current trade between Kazakhstan and Afghanistan is nearing the $1bn mark. Kazakhstan's Ministry of Trade aims to triple this amount in the future.
Kazakhstan's highest bilateral trade is with China, Russia, and the EU, comprising 60% of foreign trade turnover.
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