Trade

Trade is one of the largest spheres of economic activity of the Republic of Kazakhstan, and its development is one of the conditions for the successful functioning of the economy. Since 2003, the share of the industry in the gross domestic product of the republic has been at least 11-12%. In 2022, the share of the industry in the gross domestic product of the republic amounted to 17%.

By the end of 2022, 17% of the total economically active population is employed in trade.

The retail trade turnover in 2022 reached 15.8 trillion tenge, demonstrating an increase of 15.3% in nominal values compared to the same period in 2021.

The wholesale trade turnover in 2022 reached 34.9 trillion tenge, having increased by 12.2% in nominal values compared to the same period last year.

Kazakhstan's foreign trade turnover in 2022 amounted to $132.8 billion, which is 31% more than the same period last year.

Export of Kazakhstan for 2022 amounted to $82.8 billion, which is 62.3% of the total foreign trade turnover. Imports for the same period amounted to $50 billion, which is 37.7% of the total foreign trade turnover.

The state at the republican and local executive level creates conditions for the development of this industry by creating favorable conditions for doing business in the country. Investors are offered preferential credit terms, customs duties, tax breaks and in-kind grants.