The Prime Minister of Kazakhstan

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Bakytzhan Sagintayev holds a meeting of Council for Export Policy

14 December 2017, 19:26
Photo: РrimeМinister.kz

Today in Ukimet Uyі, the Prime Minister Bakytzhan Sagintayev chaired a meeting of the Council for Export Policy under the Government of the Republic of Kazakhstan.

During the meeting, issues of implementing the complex national system for the development of exports of domestic products were discussed.

The reports of the Ministries for Investments and Development, Agriculture on measures taken to stimulate exports, identify goods with export potential and remove barriers that arise when exporting Kazakhstan's production were heard. Heads of JSC "Export Insurance Company "Kazakh Export" and JSC "NC "Kazakh Invest" also reported on the results of their activities.

In addition, plans for the forthcoming period were considered. In 2018, measures to support export-oriented production in the regions of the country will be strengthened, it is planned to introduce the KPI and a methodology for assessing the performance of local executive bodies in exports promotion.

For reference: Today, Kazakhstan exports more than 800 items of the manufacturing sector to 113 countries.

As a result of 9 months of 2017, the volume of trade increased by 26% and amounted to $55.4 billion. Exports increased by 31% – to $34.5 billion due to increased prices for energy carriers and metallurgy production. Exports of processed goods increased by 22% and amounted to $11.1 billion. Increased supplies of ferroalloys, petroleum products, copper, rolled metal, propane and butane, zinc. The share of processed goods in total exports is 32%.

Export of agricultural products and products of its processing for January-September of 2017 amounted to $1 523.9 million.

Compared with the same period in 2016, there is a 13% increase in exports of AIC production, including 10% of agricultural processing. The main volume of exports is accounted for wheat (27.8%) and flour (20.7%). The export of livestock and crop production has grown. Exports of beef grew by 2 times, lamb – by 8 times, horse meat – by 1.8 times. Exports of cotton fiber grew by 1.7 times, and oilseeds – by an average of 1.7 times.

In the system of exports insurance for incomplete 2017, insurance support was provided for 38.5 billion tenge. To compare, in the previous 6 years, this figure totaled 74 billion tenge.

The amount of export contracts, supported by various instruments, for 2017 exceeded 178 billion tenge. There were also qualitative changes in the structure of the supported exports. If earlier the majority of exporters were trading companies, usually exporters of agricultural raw materials, then in 2017 all export contracts belong to the manufacturing and service sector.