Kazakhstan earned $3.5 billion from uranium exports

World News

Kazakhstan earned $3.5 billion from uranium exports

February 22, 2024

The main importers of Kazakh uranium are China, the United States, and Russia. European countries purchasing uranium include France, the Netherlands, the United Kingdom, and Canada.

Astana

In 2023, Kazakhstan exported uranium worth $3.4 billion, as announced by the press service of the “QazTrade” Center for Trade Policy Development on February 18, summarizing the foreign trade results of the Republic of Kazakhstan for 2023, according to Forbes.kz.

The main importers of Kazakh uranium are China, the United States, and Russia. European countries purchasing uranium include France, the Netherlands, the United Kingdom, and Canada.

The total volume of Kazakhstan’s trade with foreign states reached $139.8 billion (+3.2%). The export share was $78.7 billion (-7%), with $25.3 billion attributed to non-raw materials, compared to $26.8 billion in 2022.

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Goods worth $61.1 billion were imported into Kazakhstan (+20.1%). Thus, the positive trade balance amounted to $17.6 billion ($33.7 billion in 2022).

Top 10 trading partners of Kazakhstan:

China – $31.5 billion;

Russia – $26 billion;

Italy – $16.1 billion;

South Korea – $6 billion;

Turkey – $6 billion;

Netherlands – $4.4 billion;

Uzbekistan – $4.4 billion;

France – $4.2 billion;

USA – $4.1 billion;

Germany – $3.9 billion.

The main components of the export include: oil and oil products – $43.4 billion (55.2%), followed by non-precious metals – $9.6 billion (12.2%), agricultural products – $5.4 billion (6.8%), ores – $4.9 billion (6.3%), uranium – $3.4 billion (4.4%), natural gas – $2.1 billion (2.6%), and other industrial goods – $9.8 billion (12.5%).

Kazakhstan imported: equipment and electrical machinery – $15.5 billion (25.3%), motor vehicles and parts – $7.8 billion (12.7%), non-precious metals – $5.6 billion (9.2%), food products – $4.8 billion (7.8%), textiles – $4.8 billion (7.8%), and other goods – $22.8 billion (37.2%).