Baku, Azerbaijan, Feb. 12
By Nigar Guliyeva – Trend:
Kazakhstan increased exports of non-oil products up to $14 billion last year, said Baurzhan Bekeshev, the Deputy National Economy Minister of Kazakhstan.
"We see a significant increase in foreign trade turnover by 25.1 percent, compared to 2016. In monetary terms, the indicator of 2017 amounted to $69.5 billion, while the same figure was $55.5 billion in 2016," Bekeshev said in Astana on Feb.12.
He further noted that the share of non-oil products in the export structure jumped up, and new commodity positions have appeared.
"The total volume of exports increased by 31.6 percent and amounted to $43.1 billion. The share of non-primary goods increased significantly, we had a growth of more than 22 percent. The increase was recorded on expert of wood, paper and paper products, buses, pharmaceuticals," he said.
Bekeshev noted that the catalysts for such dynamics are changes in the structure of the economy of Kazakhstan, external factors and foreign trade policy.
"The National Export Strategy was adopted last year to develop the export potential. Thus, the main potential markets were identified, a promising export basket was identified, this document systematized all the instruments of support and promotion of exports," he said.