Kazakhstan increases volume of non-primary exports in 2018 by 1% driven by metallurgy

In 2018, non-commodity exports of Kazakhstan grew by 1%, to $15.7 billion, compared with the same period last year. This was announced by Minister of Industry and Infrastructure Development, Roman Sklar.

"The main export goods of the manufacturing industry are ferroalloys, raw zinc, refined copper, uranium, petroleum gases, transformers, and batteries. Metallurgy provides 51% of non-primary exports," Sklar said at a government meeting on Tuesday, April 16.

According to R. Sklyar, growth was recorded in the chemical industry by 2.6%, mineral products by 14.6%, mechanical engineering by 11%, food products by 7.6%. In addition, in 2018, exports of finished products increased by 16% to $485 million. The share of exports of finished products in exports of processed products increased by 2.5 percentage points compared with 2017 and amounted to 23%.

"This year, the growth of non-oil exports is planned to be ensured through the introduction of new export-oriented industries introduced in 2018 under the state program for industrial development, which have an export potential of $458 million, 50% of their products are export-oriented," Sklar said.

This year, Kazakhstan expects growth in exports of goods in engineering, metallurgy, chemical, and light industry. In particular, growth is expected due to an increase in exports of transformers, batteries and bearings, the production of ferroalloys and steel pipes.

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