Kazakhstan - Foreign trade



In 1990, about 89% of Kazakhstan's exports and 88% of its imports represented trade with other former Soviet republics (at foreign trade prices). A serious disruption in the country's trading patterns occurred as the input procurement system within the Soviet centrally planned economy disintegrated, the uses of hard currency and world market-determined transaction prices were adopted by former USSR republics, and export demand from Eastern European countries shrank in the early 1990s. To facilitate adjustment to these hard new realities, the government decreed key trade liberalization measures in early 1992, ending export license requirements. With liberalization, exports and imports increased substantially through the 1990s.

Exports are dominated by petroleum products, followed by nonferrous and ferrous metals—a pattern likely to continue for some time to come. Kazakhstan's largest imports were machinery and oil and gas products.

Principal trading partners in 2000 (in millions of US dollars) were as follows:

Kazakhstan

COUNTRY EXPORTS IMPORTS BALANCE
Russia 1,782 2,459 -677
Bermuda 1,358 n.a. n.a.
Italy 892 155 737
China (inc. Hong Kong) 669 154 515
Germany 566 334 232
Ukraine 269 80 189
United Kingdom 231 219 12
United States 211 277 -66
Uzbekistan 139 73 66
Turkey 64 143 -79
Also read article about Kazakhstan from Wikipedia

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