Economic cooperation
Trade turnover between the Republic of Azerbaijan and the Republic of Kazakhstan, export to and import from Kazakhstan (in USD millions)
|
Trade turnover |
Export |
Import |
|
|||
|
2018 |
220.78 |
46.64 |
174.14 |
|
||
|
2019 |
229.60 |
24.02 |
205.58 |
|
||
|
2020 |
142.01 |
25.91 |
116.10 |
|
||
|
2021 |
134.74 |
38.84 |
95.9 |
|
|
|
|
2022 |
598.47 |
104.03 |
494.44 |
|
|
|
|
2023 |
314.1 |
98.5 |
215.6 |
|
|
|
|
|
|
|
|
|
||
Source: The Customs Committee of the Republic of Azerbaijan
Products exported to Kazakhstan: Vehicles and their parts (mainly passenger cars), sugar, plastics, ferrous metal products (mainly pipes), electrical equipment and parts, mechanical devices and parts, fruits (mainly nuts), bags and packages for packaging, optical, medical, photographic and precision instruments
Products imported to Azerbaijan: Railway locomotives, wheat and maize, crude oil, liquid fuels, ferrous metals and their products, gas oils, light distillates, machinery, electrotechnical equipment and parts, barium sulfate, fertilizers, rice, lentils, chocolate, animal and vegetable oils, plastics
Joint Intergovernmental Commission
In 1999 Joint Intergovernmental Commission on Economic and Trade Cooperation between the Republic of Azerbaijan and the Republic of Kazakhstan was established.
Co-chairs of the Commission
By Azerbaijan - Mr. Parviz Shahbazov (Minister of Energy)
By Kazakhstan – Mr. Marat Karabayev (Minister of Transport)
The number of meetings held by the commission – is 20.
The last meeting was held on March 5, 2024, in Astana.
At the meeting, the issues of cooperation in the fields, such as trade and economic, energy, transport, logistics, industry, agriculture, information technologies, science and education, culture, youth policy, tourism, sports, ecology and environment were reviewed. Likewise, other topics of mutual interest, like creation of the Azerbaijan-Kazakhstan Investment Fund, organization of joint production in industrial and technological parks, cooperation in the shipbuilding sector, participation of Kazakh companies in the projects in the liberated territories, expansion of cooperation in the oil and gas sector, as well as increase of cargo transportation through the Middle Corridor were considered and relevant decisions were taken.
The Business Council also contributes to the expansion of economic cooperation between the two countries. So far, two meetings of the Azerbaijan-Kazakhstan Business Council have been held, on August 24, 2022 and March 11, 2024. The Council plays an important role in strengthening and diversifying economic-trade partnership, including the direct contacts between the businessmen.