In the first five months of 2023, the commodity turnover between Kazakhstan and China recorded a notable increase, reaching $10.7 billion, representing a substantial 21.6% growth compared to the same period last year.
However, there were some interesting dynamics in this trade relationship. While Kazakhstan's exports to China experienced a slight decline of 4.1%, amounting to $4.9 billion, imports from China into Kazakhstan saw a remarkable surge of 56.3%, reaching $5.9 billion.
The main exports from Kazakhstan to China were dominated by crude oil and oil products, followed by refined copper and nontreated copper alloy, as well as inorganic chemistry products. On the other hand, China's primary imports to Kazakhstan consisted of clothes and other textiles, along with computers, telecommunications equipment, and vehicles.
The presence of Chinese capital in Kazakhstan has been on the rise, with a total of 2,100 companies with Chinese participation recorded in June 2023, indicating a notable increase of 37% from the previous year. The top five sectors that attracted Chinese investment were construction, processing industry, mining industry, information, and communications.
For those seeking more detailed information on these developments and investment opportunities in Kazakhstan, we encourage you to visit the website of the Kazakh Ministry of Trade and Industry. Furthermore, to explore potential investment prospects further, the website of the Kazakh Investment Promotion Agency is also available for your reference.