In the first quarter, bilateral trade between Kazakhstan and China was US$3.4 billion, second only to Russia
In the first quarter, bilateral trade between Kazakhstan and China was US$3.4 billion, and the largest amount of imports from China was mobile communication equipment, smartphones, etc.
The bilateral trade volume between Kazakhstan and China in the first quarter of 2021 is US$3.4 billion, second only to Russia
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Kazakh News Agency/Nur-Sultan/May 28-Kazakhstan’s main exports to China include raw materials, oil and gas products, while imports are mainly electronics and clothing. According to statistics from the finprom.kz website, Kazakhstan has a 9% trade surplus with China. The trade volume between the two countries from January to March 2021 was US$3.4 billion, compared with US$3.3 billion in the same period last year.
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This figure is only lower than the trade volume between Kazakhstan and Russia (US$4.8 billion), ranking second. Within one year, China’s share of Kazakhstan’s foreign trade increased from 15.5% to 17.3%. For Kazakhstan, China is an important export direction. In 2020, Kazakhstan's exports to the country decreased by 1.8 billion US dollars (the same period last year was 2.2 billion US dollars).
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Kazakhstan's imports from China increased from 1.1 billion U.S. dollars to 1.6 billion U.S. dollars. During the reporting period, imports from Russia amounted to 3.5 billion US dollars. From January to March 2021, among the products exported from Kazakhstan to China, the largest amounts were mainly refined copper and blister copper alloys (US$448.5 million), ferroalloys (US$222.9 million) and natural gas (US$202.6 million).
In addition, large amounts of oil (US$186.4 million), crude zinc (US$108.1 million), iron ore and concentrates (US$95.7 million) were also exported. Among the products imported from China, the largest amount is mobile communication equipment, smart phones, tablet computers and other similar devices (US$174.1 million), followed by electronic computers (US$126 million) and knitwear (US$85.4 million).
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