Kazakhstan increased its exports to the United States by 77.2% to $769.2 million in the period of January-July 2022, QazMonitor reports citing the press service of the Ministry of National Economy.
From January-July 2022, the trade turnover between Kazakhstan and the US was estimated at $1.5 billion, which is 36.6% higher than the same period of the previous year ($1.1 billion).
The overall growth of exports to the US increased by 77.2% to $769.2 million; the supply of crude oil increased by $228 million (from $232.5 million to $460.6 million) and ferroalloys by $117.5 million (from $88.2 million to $205.8 million).
Crude oil remains the main export product from Kazakhstan to the United States, valued at $460.6 million (with a share of 59.9%), followed by ferroalloys at $205.8 million (26.7%), sulfur (excluding freeze-dried, precipitated, or colloidal sulfur) at $21 million (2.7%), hydrogen, inert gases, and other nonmetals at $16.7 million (2.2%), seamless ferrous pipes, tubes and profiles at $14 million (1.8%), and tantalum and articles thereof at $13 million (1.7%).
Imports for the same period into Kazakhstan from the United States rose by 11.4% to $778.3 million.
The growth in imports from the United States was driven by an increase in the turnover of a variety of products. That includes an increase of air or vacuum pumps, compressors, and fans by 30.5 million (from $6.3 to $36.8 million), pharmaceuticals packaged for retail sale by $17.8 million (from $21.3 to $39.0 million), trucks by $16, 7 million (from $8.8 to $25.5 million), vaccines, blood serums, and blood by $13.4 million (from $24.9 to $38.3 million), piston internal combustion engines by $12.4 million (from $9.8 to $22.2 million), rolling stock parts by $12.2 million (from $7.1 to $19.3 million), and meat and poultry offals by $8.7 million (from $33.2 to $41.9 million).
The main import products from the United States are cars valued at $70.1 million (with a 9% share), meat and edible poultry by-products at $41.9 million (5.4%), drugs packaged for retail sale at $39 million (5%), vaccines, blood serums, and blood at $38.3 million (4.9%), air or vacuum pumps, compressors and fans at $36.8 million (4.7%), trucks at $25.5 million (3.3%), internal combustion piston engines at $22.2 million (2.9%), and turbojet, turboprop engines, and other gas turbines at $22.1 million (2.8%).