Kazakhstan
Kazakhstan is one of the wealthiest and most economically developed countries in Central Asia. Since the 2000s, Kazakhstan’s economic growth has been significant due to market-oriented reforms, extensive mineral resource extraction, and foreign direct investments. Continuous economic growth has transformed the country into an upper-middle-income economy.
Kazakhstan is actively seeking new technologies and solutions for economic development. Finnish companies are interested in cooperation in many fields, such as mining, agriculture, education, energy efficiency, clean technologies, and water management.
If you are interested in cooperation with Finnish companies in Kazakhstan or Central Asia, please contact Head of EastCham in Kazakhstan, Altyn Shakirkhanova.
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Trade between Finland and Kazakhstan
2024:
- Exports to Kazakhstan €123.1 million, -55.2%
- Machinery, transport equipment €62.1 million, -61.4%
- Chemicals €30.0 million, -13.4%
- Miscellaneous manufactured articles €14.6 million, -47.5%
- Paper and paperboard €6.5 million, -27,1%
- The value of exports has decreased significantly after an exceptionally high comparison period.
- Imports from Kazakhstan €13.2 million, +54.2%
- Fuels €10.5 million, +997.4%
- The fuel imports consist of coal and propane.
- There was a spike in imports in 2022 when a lot of oil products, coal, and propane were imported from Kazakhstan.
