Kazakhstan-China agricultural trade rises 14% in 2024, reaching $540mn

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Kazakhstan-China agricultural trade rises 14% in 2024, reaching $540mn​

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In the first five months of 2024, bilateral agricultural trade between China and Kazakhstan increased by 14%, reaching $540mn, with Kazakhstan's exports contributing $380mn, the Times of Central Asia reported.

The Kazakh Minister for Agriculture, Aidarbek Saparov, has highlighted China as the largest market for Kazakhstani agricultural products, stressing the strengthening agricultural trade ties between the two nations.

Kazakhstan primarily exports grain and oilseeds to China while importing Chinese vegetables and nuts. In 2023, Kazakhstan's agricultural exports to China doubled, reaching $1bn.

To facilitate this trade, Kazakhstan has signed protocols with China, allowing the export of 27 types of agricultural products, including 18 types of crop products and nine types of livestock products. Presently, nine Kazakh companies export livestock products and 728 companies export crop products, all awaiting inclusion in China's importers register.

The Kazakh Agriculture Ministry has also signed an agreement with China's customs service to standardize veterinary requirements for exporting a range of livestock products. These products include cattle skins, dry mare’s milk, frozen poultry products, horse meat, offal from slaughtered animals, meat products subjected to high heat treatment, as well as chilled beef and lamb.

Minister Saparov noted that Kazakhstan ranks among the world’s top 25 food exporters, with Kazakh agricultural products reaching 80 countries. Over the past five years, Kazakhstan's agricultural exports have doubled, hitting $5.4bn.

“We intend to continue increasing these figures. In the context of a growing food deficit in the world, our country seeks to double agricultural exports by 2029,” Saparov voiced.
He also mentioned that Kazakhstan is shifting its agricultural export structure to focus more on deeply processed products, the exports of which have doubled over the past five years, reaching $2.3bn.

 

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Kazakhstan ready to increase grain exports to three million tonnes to China​

Published 1 day ago on August 21, 2024

As of 20 August, Kazakhstan has signed documents with China on the export of 28 types of crop and livestock products.

Saparov said cooperation in agriculture is an important component of Kazakh-Chinese relations, the ministry’s press service reported on 19 August.

In 2023, the turnover of agricultural products increased by 1.7 times and exceeded $1.3 billion. In January-June, this figure reached $648.1 million, which is 12% more compared to the same period in 2023, including $460 million in exports and $188 million in imports.

“Kazakhstan is very interested in exporting agricultural products, notably, grain, to the Chinese market. The sides agreed to increase the volume of grain exports to 2 million tons. However, we are ready to supply 3 million tons of grain and, in general, create all the conditions for bilateral mutually beneficial cooperation in this area,” he said.

According to Wang, the primary purpose of the delegation’s visit to Kazakhstan is to hold talks on trade questions.

“Kazakhstan is a strategic partner and a major supplier of grain. We intend to determine the volume of imports, ensuring smooth supplies,” Wang said.

Kazakhstan increases exports to China​

Kazakhstan Materials 22 August 2024 06:30 (UTC +04:00)

ASTANA, Kazakhstan, August 22. The volume of trade turnover between Kazakhstan and China amounted to $14.1 billion from January through June 2024, Trend reports.

Data from the country's Bureau of National Statistics shows that the volume of trade turnover increased by 3.8 percent compared to the same period in 2023 ($13.6 billion).

At the same time, exports to China for the above period amounted to $7.32 billion, which is 16.6 percent more year-on-year ($6.3 billion).

In addition, imports from China from January through June 2024 decreased by 7.2 percent and amounted to $6.8 billion. From January through June 2023, imports amounted to $7.3 billion.

Meanwhile, China took the crown as Kazakhstan's top trading buddy in 2023. The trade turnover between Kazakhstan and China was $31.4 billion in 2023. The volume of trade turnover increased by 30 percent from the same period in 2022 ($24.2 billion).

At the same time, in terms of trade turnover, exports to China during the aforementioned period totaled $14.7 billion, 14.7 percent greater than from January through December 2022 ($13 billion).

In addition, imports from China surged by 50.5 percent from January through December 2023, totaling $16.7 billion. In 2022, imports totaled $11.1 billion.