Trade between Kazakhstan and Belgium surpassed $523 million in 2023
Kazakh-Belgian trade turnover reached $523.7 million last year, which is 1.7% higher than in the same period of the previous year, said Anuar Kurzhikayev, director general of the BeNeLux Chamber of Commerce in Kazakhstan during a May 29 Kazakh-Belgian Business Council in Almaty, reported Kazinform.
Kurzhikayev underlined that Belgium is a major trading partner for Kazakhstan in the European Union (EU) and one of the important sources of investment and new technologies.
“In 2023, Kazakhstan exported goods worth $220.7 million to Belgium, and imported items for $303 million from Belgium,” said Kurzhikayev.
Kazakhstan exports various commodities to Belgium, including molybdenum ores and concentrates, chromium oxides and hydroxides, flax seeds, titanium and titanium products, coal, wheat, self-propelled vehicles, ethyl alcohol, and transmission mechanisms for machines, equipment, and vehicles. In return, Belgium supplies Kazakhstan with tractors and tractor-trailers, petroleum products, machines and mechanisms for harvesting and threshing agricultural crops, medicines packaged for retail sale, vaccines, blood serum, blood, air or vacuum pumps, compressors and fans, machinery and mechanical devices for special purposes, polyesters, and epoxy resins.
The inaugural meeting of the Kazakh-Belgian Business Council occurred last year in Astana. This gathering serves as a crucial platform for discussing shared interests and fostering constructive interaction between representatives of the two nations.(Source:astanatimes)
