Kazakhstan's import market has shown significant dynamism in July 2024, reflecting the country's active engagement in international trade. Based on the latest data from Kazakhstan Customs, this article provides a detailed analysis of the key trends, focusing on overall trade volume, leading product categories, and major trade partners. This analysis is brought to you by NBD Data, a leading provider of global trade data and customs statistics. For more detailed insights, visit NBD Data.
In July 2024, Kazakhstan recorded a total of 992,360 import entries, a 17.02% increase from the previous month (848,058 entries). However, compared to July 2023, there was a 6.91% year-on-year increase in total entries (928,166 entries). The total import value for the month reached $9.32 billion, reflecting a 5.22% month-on-month growth from June 2024 ($8.86 billion). Despite this growth, there was a slight 5.11% decrease compared to the same period last year, when imports totaled $9.83 billion.
The number of active importers also saw a rise, with 17,871 companies importing goods in July, marking a 7.37% month-on-month increase and a modest 1.22% year-on-year rise. On the supply side, 22,136 suppliers were involved in exporting goods to Kazakhstan, representing a 7.79% increase from the previous month and a 4.23% increase year-on-year.
Kazakhstan's imports were concentrated in a few key product categories, dominated by the following HS codes:
Mineral Fuels (HS 271121): This category, primarily consisting of petroleum gases, led the imports with a total value of $2.22 billion. While there was a 1.69% decrease from June 2024, the category saw a massive 95.11% year-on-year increase, underscoring the ongoing demand for energy resources.
Industrial Furnaces and Ovens (HS 851420): With imports valued at $255.38 million, this category experienced a staggering 278.40% month-on-month growth and an even more impressive 365.54% year-on-year increase, indicating robust industrial activities and infrastructure development.
Vehicle Parts and Accessories (HS 870829): Imports in this category totaled $239.94 million, reflecting a 118.47% increase from the previous month. However, there was a 53.13% year-on-year decline, highlighting the fluctuating demand for automotive components.
Precious Metals (HS 710812): Despite the low volume of entries, this category saw imports valued at $224.78 million, nearly identical to the previous month. The high value indicates the importance of precious metals in Kazakhstan's economy.
Plastic Sheets and Films (HS 391620): Imports in this category reached $224.23 million, with a 44.99% month-on-month increase and a substantial 493.73% year-on-year rise, driven by demand in construction and manufacturing sectors.
Kazakhstan's imports from the United States were diverse, with the following five HS codes leading in July 2024:
Printed Books, Newspapers (HS 490700): This category saw imports totaling $170 million, despite a 45.86% month-on-month decrease, reflecting fluctuations in the demand for printed materials.
Engines, Non-Turbine (HS 840890): Imports were valued at $10.92 million, a significant 561.43% month-on-month increase, highlighting the need for high-quality machinery and parts.
Motor Vehicles (HS 870324): This category saw imports valued at $7.3 million, with a slight 0.58% decrease from June but a notable 13.73% year-on-year decrease, indicating variability in automotive imports.
Poultry Meat (HS 020714): Imports reached $6.82 million, reflecting a 20.04% month-on-month increase, driven by Kazakhstan's food supply needs.
Telecommunications Equipment (HS 851762): This category experienced a dramatic 516.13% month-on-month increase, with imports valued at $6.62 million, showcasing the rising demand for telecom infrastructure.
Kazakhstan’s import sources are diverse, with China leading the pack:
China: With 197,750 entries, China was the largest exporter to Kazakhstan, contributing $2.05 billion. This marked a 12.49% month-on-month increase, although there was a 29.26% year-on-year decrease.
Turkmenistan: Exporting goods worth $1.66 billion, Turkmenistan saw a 1.49% decrease in trade volume compared to June but showed a 78.58% year-on-year increase.
Uzbekistan: Imports from Uzbekistan totaled $746.44 million, with a 18.10% month-on-month growth and a 57.40% year-on-year increase.
South Korea: South Korean exports to Kazakhstan were valued at $614.65 million, representing a remarkable 137.66% increase from the previous month, despite a 45.86% year-on-year decrease.
Turkey: Imports from Turkey totaled $471.68 million, with a 41.99% month-on-month increase and an 8.31% year-on-year decrease.
Germany: German exports were valued at $409.72 million, reflecting a 16.23% month-on-month increase and a 0.95% year-on-year decrease.
United States: The U.S. exported goods worth $279.25 million to Kazakhstan, a 30.56% decrease from June but an 11.77% year-on-year increase.
Poland: Imports from Poland reached $241.94 million, showing a 38.35% month-on-month increase but a 2.39% year-on-year decrease.
Netherlands: Exports from the Netherlands were valued at $220.78 million, with a 35.44% month-on-month increase and a 36.70% year-on-year increase.
Disclaimer: The data and analysis in this report are derived from NBD Data's statistical results and may contain some errors. Users should verify these data independently. NBD Data is not responsible for any consequences arising from the use of this report's information.
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