Record-breaking Growth in the Trade Rate of Russia & Kazakhstan
The largest country Russia spanning Eastern Europe and Northern Asia has built a solid trade relationship with its neighboring country Kazakhstan because of the closer geographical proximity and strong economic cooperation. Both countries from very early times have been taking different initiatives to build up the trade rates between the two and to gain a sustainable hike in its growth rate; “The New Five Year Strategic Program” signed by the trade management authorities of the nation in 2018 has worked as a backbone for the further strengthening of the bilateral ties.
The evolution of transportation services and the use of different advanced technology-equipped products in the manufacturing sector have made the country acknowledge different trade growth in 2020 the bilateral trade between the 2 reached a staggering value of 18 billion US dollars while in 2023 the value of bilateral trade exchange stood up at 30 billion US dollars surpassing a growth rate of 13%.
What Are the Top Exports of Kazakhstan to Russia in 2023?
The Kazakhstan Export Data showcases the below-mentioned products as the top exports of the nation to Russia in 2023,
• Oil and Gas – Export trade value of Oil and Gas export from Kazakhstan to Russia in 2023 – 20 billion US dollars.
• Metals – Export trade value of Metals exported from Kazakhstan to Russia in 2023 –14 billion US dollars.
• Wheat – Export trade value of Wheat exported from Kazakhstan to Russia in 2023 –12 billion US dollars.
• Chemicals – Export trade value of Chemicals exported from Kazakhstan to Russia in 2023 – 10 billion US dollars.
• Machinery – Export trade value of Machinery exported from Kazakhstan to Russia in 2023 –9 billion US dollars.
• Food Products – Export trade value of Food Products exported from Kazakhstan to Russia in 2023 – 8 billion US dollars.
• Textiles – Export trade value of Textiles exported from Kazakhstan to Russia in 2023 – 6 billion US dollars.
• Vehicles and Parts – Export trade value of Vehicles and Parts exported from Kazakhstan to Russia in 2023 – 3 billion US dollars.
• Plastics – Export trade value of Plastics exported from Kazakhstan to Russia in 2023 – 2.5 billion US dollars.
• Pharmaceuticals – Export trade value of Pharmaceuticals exported from Kazakhstan to Russia in 2023 – 2 billion US dollars.
What Are the Top Exports of Russia to Kazakhstan in 2023?
The Russia Exports Data enlists the below-mentioned products as the top Russian exports to Kazakhstan in 2023,
• Mineral Fuels & Oils – Export trade value of Mineral Fuels & Oils export from Russia to Kazakhstan in 2023 – 19 billion US dollars.
• Iron & Steel – Export trade value of Iron & Steel export from Russia to Kazakhstan in 2023 – 16 billion US dollars.
• Machinery – Export trade value of Machinery exported from Russia to Kazakhstan in 2023 – 14 billion US dollars.
• Electrical Machinery – Export trade value of Electrical Machinery exported from Russia to Kazakhstan in 2023 – 12 billion US dollars.
• Pharmaceuticals – Export trade value of Pharmaceuticals exported from Russia to Kazakhstan in 2023 – 10 billion US dollars.
• Organic Chemicals – Export trade value of Organic Chemicals exported from Russia to Kazakhstan in 2023 – 8 billion US dollars.
• Plastics – Export trade value of Plastics exported from Russia to Kazakhstan in 2023 –6 billion US dollars.
• Fertilizers – Export trade value of Fertilizers exported from Russia to Kazakhstan in 2023 –3 billion US dollars.
• Vehicles and Transportation Equipment – Export trade value of Vehicles and Transportation Equipment exported from Russia to Kazakhstan in 2023 – 2.8 billion US dollars.
• Wood Products – Export trade value of Wood Products exported from Russia to Kazakhstan in 2023 – 1.5 billion US dollars.
Top Russian Ports
1. Port of Novorossiysk Headquartered in – Black Sea coast Export value – 25 billion US dollars
2. Port of Saint Petersburg Headquartered in – Baltic Sea Export value – 15 billion US dollars
3. Port of Vladivostok Headquartered in – the Pacific Ocean Export value - 8 billion US dollars
4. Port of Kaliningrad Headquartered in – Baltic Sea Export value - 5 billion US dollars
5. Port of Arkhangelsk Headquartered in – White Sea Export value - 3 billion US dollars
Top Kazakhstan Ports
1. Port of Aktau Headquartered in – the Caspian Sea Export value – 12 billion US dollars
2. Port of Atyrau Headquartered in – the Caspian Sea Export value – 8 billion US dollars
3. Port of Pavlodar Headquartered in – Irtysh River Export value - 6 billion US dollars
4. Port of Pavlodar Headquartered in – Inland Export value – 4 billion US dollars
5. Port of Shymkent Headquartered in – Inland Export value - 2 billion US dollars
FAQ’s
Que. What is the bilateral trade exchange value of Russia and Kazakhstan in 2023? Ans. The bilateral trade exchange value of Russia and Kazakhstan in 2023 is 30 billion US dollars.
Que. What is the top Russian export to Kazakhstan in 2023? Ans. Mineral fuels and oils are the top Russian exports to Kazakhstan in 2023.
Que. What is the top Kazakhstan export to Russia in 2023? Ans. Oil and Gas are the top Kazakhstan exports to Russia in 2023.
Que. Where can you get the detailed trade analysis of Russia and Kazakhstan trade in 2023? Ans. At Import Globals, you can get a detailed trade analysis of Russia and Kazakhstan trade in 2023.