Kazakhstan Seeks to Cut Imports by Boosting Domestic Production

The share of manufacturing industry is 47 percent, while the share of the raw materials sector is 45 percent.

Kazakhstan aims to cut imports by boosting domestic production, a topic discussed during a plenary session of the Senate, with Prime Minister Olzhas Bektenov and government members in attendance. Deputies also reviewed draft laws on the republican budget and guaranteed transfers from the National Fund for 2025-2027, The Caspian Post reports local media.

During his speech, Prime Minister Bektenov stated that economic diversification is one of the key tasks of the Government of Kazakhstan. It was noted that the manufacturing industry has outgrown the raw materials sector in terms of volume. The share of manufacturing industry is 47 percent, while the share of the raw materials sector is 45 percent.

“We have increased the list of goods purchased exclusively from domestic producers from 1,500 to 4,500 items. As a result, the value of contracts concluded with domestic producers has grown by 55 percent and reached 350 billion tenge (approximately $704 million). Another important step is the signing of off-take contracts for the supply of products with domestic producers. The total value of off-take contracts this year reached 134 billion tenge (approximately $270 million), which is 14 times higher compared to last year,” noted Bektenov.

Olzhas Bektenov also emphasized that large-scale industrial projects are being implemented in all regions of the country. As a result of the measures taken, this year we see a 6.4 percent increase in the export of finished products, while the import of finished products decreased by 7.2 percent.