Kazakhstan is embarking on an ambitious plan to double its agricultural exports by 2029, reinforcing its commitment to expanding its presence in the international trade arena and enhancing its supply chain network.
The country's diverse agricultural sector includes exports of livestock, honey, dairy products, sausages, and preserved goods. Kazakhstan's key markets include Eurasian Economic Union (EAEU) nations, Commonwealth of Independent States (CIS) countries, China, Iran, Mongolia, Saudi Arabia, the United Arab Emirates (UAE), and Türkiye.
The strategic focus is on increasing exports of livestock, such as cattle, sheep, and goats, along with honey, poultry, and feed. Türkiye's growing interest in Kazakhstan’s lentils, grain, and wheat further highlights the expanding opportunities within global markets.
Processed agricultural products, including sausages, preserved goods, offal, dairy items, and fish, are also targeted for growth. Despite a slight decline in overall agricultural turnover to $11.3 billion in 2023, Kazakhstan remains a vital player in global agricultural trade, with exports comprising about 7% of its total product volume.
The country's top trading partners include Uzbekistan, China, Afghanistan, and Tajikistan, with significant trade also occurring with Shanghai Cooperation Organization (SCO) member states. This robust network of trade relationships underscores Kazakhstan's strategic approach to increasing its agricultural export footprint.
Kazakhstan's focus on enhancing its agricultural exports is set to drive economic growth, strengthen its position in international markets, and build resilient supply chains to meet growing global demand.
#ITCNewsUpdates #BreakingNews #TradeExpansion #AgriculturalGrowth #GlobalTrade #EconomicBoost #NewsUpdate