Kazakhstan's Transport Sector Grows 12.8% as Momentum Slows
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Kazakhstan's transport and storage sector expanded by 12.8% year-on-year in Q1 2026. Growth momentum slowed across most segments, according to Halyk Finance Analytical Center. The sector faces challenges from a high base effect and external pressures.
Sector Performance
Kazakhstan's transport and storage sector recorded a 12.8% increase in the first quarter of 2026 compared to the previous year. This growth was highlighted in a report by the Halyk Finance Analytical Center. The report noted that while the sector showed expansion, most segments experienced a slowdown. Asan Kurmanbekov, an analyst at the center, attributed this to both a high base effect and external pressures.
External Pressures
The report from Halyk Finance highlighted external pressures impacting the transport sector. These include fluctuating global demand and regional economic uncertainties. The sector's performance was also influenced by changes in international trade dynamics. Despite these challenges, the sector managed to achieve notable growth in the first quarter.
Middle Corridor Strategic Role
The Trans-Caspian International Transport Route, or Middle Corridor, is gaining strategic importance for trade between Asia and Europe. Satzhan Ozbekov, Deputy Director of the Department of Transport Policy at the Ministry, discussed its role in reshaping global trade.
President's GDP Target for Transport Sector
President Tokayev's state of the nation address on Sept. 1 set a goal to increase the transport sector's share of Kazakhstan's GDP to 9% within three years. This target underscores the government's ambition to transform the country into a transport and logistics hub in Eurasia.
What's Next
The transport sector's future performance will depend on global economic conditions. It remains uncertain how external factors will continue to impact growth.
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Kazakhstan's Transport Sector Grows 12.8% as Momentum Slows
