Overview: In 2018 Kazakhstan was the number 53 economy in the world in terms of GDP (current US$), the number 46 in total exports, the number 61 in total imports, and the number 69 most complex economy according to the Economic Complexity Index (ECI). In 2018, Kazakhstan exported $64.1B and imported $37.6B, resulting in a positive trade balance of $26.5B. In 2018, Kazakhstan's exports per capita were $3.51k and its imports per capita were $2.06k.
In 2018 Kazakhstan exported a total of $64.1B, making it the number 46 exporter in the world. During the last five reported years the exports of Kazakhstan have changed by -$10.1B from $74.2B in 2013 to $64.1B in 2018.
In 2018 Kazakhstan imported $37.6B, making it the number 61 trade destination in the world. During the last five reported years the imports of Kazakhstan changed by -$12.2B from $49.8B in 2013 to $37.6B in 2018.
In 2018, Kazakhstan exported $7.2B worth of services. The top services exported by Kazakhstan in 2018 were Transportation ($4B), Personal travel ($1.93B), Other business services ($462M), Business travel ($329M), and Government services, n.i.e. ($249M).
The top services imported by Kazakhstan in 2018 were Other business services ($5.04B), Personal travel ($2.55B), Transportation ($2.11B), Construction services ($444M), and Computer and information services ($399M).
This section shows forecasts for total product exports and imports for Kazakhstan. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Kazakhstan are:118: Customs Union Agreement between Belarus, Kazakhstan and Russia133: Kazakhstan Generalized System of Preference136: Most Favoured Nation duty rate treatement190: Preferential tariff for Commonwealth of Independent States (CIS) countries191: Preferential tariff for Commonwealth of Independent States (CIS) countries254: Preferential tariff for Least Developed Countries333: Preferential tariff for Vietnam
During the last 20 years Kazakhstan's economy has become relatively less complex, moving from the 43rd to the 69th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The top export opportunities for Kazakhstan according to the relatedness index, are Other Ores (0.12), Cobalt (0.11), Pig Iron (0.11), Tin Ores (0.11), and Ammonia (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Kazakhstan is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Kazakhstan
