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Investments China Export/import Agriculture Economy Social

China the Largest Market for Kazakhstan’s Agricultural Products

The Kazakh minister for agriculture, Aidarbek Saparov, has named China the largest market for Kazakhstani agricultural products. Kazakhstan mainly exports grain and oilseeds to China, and imports Chinese vegetables and nuts. In 2023 Kazakhstan’s agricultural exports to China doubled and reached $1 billion. In the first five months of this year, bilateral agricultural trade increased by 14%. It reached $540 million, including Kazakhstan’s exports at $380 million. Kazakhstan has signed protocols with China on the export of 27 types of agricultural products to the Chinese market, including 18 types of crop products and nine types of livestock products. Currently, nine Kazakh companies export livestock products, and 728 companies export crop products. They are waiting to be included in China’s importers register. Kazakhstan's agriculture ministry has signed a protocol with China's customs service to harmonise veterinary requirements for the export of various types of animals and livestock products, including cattle skins, dry mare's milk, frozen poultry products, horse meat, offal obtained from slaughtering animals, meat products that have undergone high heat treatment, as well as chilled beef and lamb. Saparov noted that Kazakhstan is among the world’s top 25 food exporters, exporting Kazakh agricultural products to 80 countries. Over the past five years its agricultural exports have doubled, reaching $5.4 billion. “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,” he said, adding that Kazakhstan is changing the structure of agricultural exports, giving preference to deeply processed products, the exports of which have doubled over the past five years, reaching $2.3 billion.

Export/import Economy Coal

Kyrgyzstan Raises Price of Coal Exports to Uzbekistan

The Government of Kyrgyzstan has increased the price of coal exported to Uzbekistan by 37%, according to the publication Tazabek.kg. As stated in a report issued by the National Statistics Committee of Kyrgyzstan, from January to May this year, Kyrgyzstan exported 302,000 tons of coal worth $12.7 million to Uzbekistan, 1,000 tons less than in the same period last year, when Uzbekistan paid $9.2 million for 303,000 tons. Coal suppliers did not comment on why the prices were so high. In the first five months of 2024, the average price per ton of exported coal was $42. Last year, this indicator was reported to have not exceeded $30.9.

Finance Investments Energy Russia Oil & Gas Security Export/import Economy Social Gazprom

Kyrgyzstan’s Capital to Switch to Russian Gas

At the St Petersburg International Economic Forum 2024, Gazprom Export LLC and Gazprom Kyrgyzstan LLC signed a long-term contract for the supply of natural gas by Russia to Kyrgyzstan. Deputy General Director of Gazprom Kyrgyzstan Arzamat Aldayarov announced that Russian Gazprom is now set to double its supplies of 'blue fuel' to Kyrgyzstan from 2025-2040. He stated that the Bishkek Thermal Power Plant will switch completely to gas from 2026. In addition, the Kyrgyz authorities are planning to launch several more stations near Bishkek, which will also operate on Russian raw materials. Arzamat Aldayarov added that the development of a five-year roadmap for providing gas throughout Bishkek was imminent and referencing plans to build 250–300 kilometers of gas pipelines annually, connecting 13–15 thousand apartment buildings to supplies, said, “Currently, a lot of electricity is spent on heating, which puts pressure on city networks. We are looking for other sources of heat. We want to completely gasify residential areas and switch them to gas heating."

Investments Turkey Export/import Agriculture Economy Social Agricultural produce

Turkish Company to Build Vegetable Storage Facility in Kazakhstan

On July 24, Kazakhstan’s Deputy Minister of Agriculture, Ermek Kenzhekhanuly met managers of the Turkish company Saraylim Tarim to discuss plans for a new vegetable storage facility. A leader in Turkey’s fruit and vegetable storage industry, the company plans to build a 5,000-ton vegetable storage facility in Kazakhstan costing around $15 million. In addition, Saraylim Tarim plans to invest a further $15 million in establishing a vinegar and canned vegetable production facility in the country's Almaty region. According to the Turkish company, the project would be implemented in cooperation with a Kazakh partner and Deputy Minister Kenzhekhanuly has promised maximum assistance from the Ministry of Agriculture.

Finance Investments Export/import Economy

Rise in Uzbekistan’s Foreign Trade Turnover

According to a report published by the Statistics Agency of Uzbekistan on the country's socio-economic situation for the first half of 2024, the gross domestic product amounted to 567.4 trillion UZS ($44.93 billion), an increase of 6.4% compared to the same period last year. The industrial network grew by 7.8%; agriculture, forestry, and fisheries by 3.8%, and construction by 10.1%. Local enterprises produced industrial products worth 370.0 trillion UZS ($29.30 billion) and the volume of agricultural, forestry, and fishery products totalled 170,297.3 billion UZS ($13.49 billion). The rate of inflation in Uzbekistan's consumer sector was 5.2%. Foreign trade turnover amounted to $31,828.2 million, an increase of $2,486.7 million or 8.5% compared to 2023. Exports reached $12,992.7 million, an increase of 5.5%, and imports, reached $18,835.5 million, an increase of 10.6% compared to the previous year. In July 1, 2024, 455,600 enterprises (excluding farms and peasant farms) were operating in the country, of which 387,100 are small enterprises and micro firms. Between January and June, 42,400 new enterprises and organizations were established, of which 41,000 were small enterprises and micro firms, and by July, of the 13,880 enterprises operating with foreign capital, 4,221 were joint ventures, and 9,659, solely international.

Investments Export/import Economy Industry Beverage

Foreign Investment in Beverage Production and Bottling Plant, Kazakhstan

On July 22, National Company Kazakh Invest announced its signing of a Memorandum of Understanding with the Vietnamese-Japanese joint venture LLP Mareven Food Tian Shan for the construction of a beverage production and bottling plant in the Almaty region. The plant, to be built in stages from 2025-26, will have four production lines with a 70,000 bottles per hour capacity, and an in-house warehouse with space for 15,000 pallets. A major investor in Almaty region's food production sector, Mareven Food Tian Shan has so far invested over 35 billion tenge in the country's economy, creating 690 jobs, 95% of which have been taken by locals. Emphasizing the importance of the initiative for Kazakhstan's economy, Yerzhan Yelekeyev, Chairman of the Board of Kazakh Invest, stated: "The investment project for beverage production and bottling in the Almaty region not only contributes to the development of local industry but also creates new jobs, positively impacting the socio-economic development of the region.” Nguyen Dinh Hien, Deputy General Director of Mareven Food Tian Shan, in turn, expressed his gratitude for Kazakh Invest's support and announcing the start of the third phase of the project, reiterated that the in addition to supplying the local market, the plant’s products will be exported to other Central Asian countries, Russia, Mongolia, and Afghanistan.