Exports from Kazakhstan advanced 2.0 percent year-on-year to USD 4681.2 million in November 2018. Considering the first eleven months of 2018, exports jumped 26.4 percent to USD 54.7 billion. Overseas sales were boosted by mineral products (74.4% of total shipments); metals and articles thereof (14%) and products of animal and vegetable origin (4.9%). Meantime, imports rose at a slower 11.1 percent to USD 29.7 billion, driven by purchases of machinery, equipment, vehicles and tools (40.3% of total imports); chemicals and allied industries products (16%) and metals and articles of them (12.6%).The main exports partners were Italy (19.5% of total sales) and the Netherlands (10.4%). Exports in Kazakhstan averaged 3507.83 USD Million from 1998 until 2018, reaching an all time high of 9788.50 USD Million in June of 2011 and a record low of 286.50 USD Million in January of 1999.
Exports in Kazakhstan is expected to be 5784.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Kazakhstan to stand at 5641.00 in 12 months time. In the long-term, the Kazakhstan Exports is projected to trend around 5890.00 USD Million in 2020, according to our econometric models.