Kazakhstan bordered by Russia, China, Uzbekistan, Turkmenistan, and Kyrgyzstan is one of the globally thriving economies of the Central Asian region. With a land area of 2.7 million square miles, it records itself as the ninth-largest country in the world in terms of land area. The population of 18 million residing there practices Kazakh as their official language and follows the tradition of its ancient rulers of the Paleolithic era to maintain ethnicity and historical significance. The majority of the annual revenue generation of the nation is from the mining and agricultural sectors due to the vast amount of natural resources present there.
The trade relation of the nation with its neighboring countries leads to higher export revenue accounting for a boost in the annual generated economic revenue. The main traded products of the nation include oil, gas, iron ore, steel, chemicals, and mineral fuels which have altogether accounted for a GDP of 208 billion US dollars. The attributing factors of the nation like the increased government investments, and the free trade agreements have recorded an import trade value of 55 billion US dollars accompanied by an export trade value of 80 billion US dollars in 2023.
