Kazakhstan's Trade Surges to $21.7 Billion Amid Export Growth
This digest was compiled by AI from multiple sources — links to the originals are below.
Kazakhstan's foreign trade reached $21.7 billion in January-February 2026, marking an 11.3% increase from the previous year. Exports rose to $12 billion, while imports totaled $9.6 billion, resulting in a trade surplus of over $2.4 billion. The growth occurred even as oil revenues saw minimal increase.
Export Composition
Kazakhstan's export growth was driven by metals, agricultural raw materials, and food products. Metal exports increased by 48% to $2.6 billion, while agricultural goods rose by 41% to $715 million. Notably, silver export revenues more than tripled to $239.7 million, and uranium supplies increased 2.7 times to $195 million.
Import Dynamics
Imports into Kazakhstan grew by 11.4% to $9.6 billion, with significant increases in electric generators, which surged over 8.5 times to $340.5 million. Natural gas imports rose by 82.2% to $218.3 million, and telephone apparatus imports increased by 32% to $278 million. These imports contributed to the overall rise in trade volume.
Russia Kazakhstan Trade Volume
Trade between Russia and Kazakhstan reached a record $28 billion, marking a significant increase in economic activity between the two nations. Russian exports to Kazakhstan grew by nearly 5%, driven by sectors such as machinery, chemicals, transport, and minerals. This development highlights the strengthening economic ties within the Eurasian Economic Union.
Global Uranium Supply Control
Kazakhstan controls 40% of the global uranium supply, positioning it as the world's leading producer of nuclear fuel. This strategic advantage has historically attracted significant foreign investment and driven exploration activities in the country.
What's Next
Kazakhstan's trade partners may adjust their import strategies in response to these shifts. It remains uncertain how fluctuating oil revenues will impact future trade balances.
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Kazakhstan's Trade Surges to $21.7 Billion Amid Export Growth
