Kazakhstan's Oil Exports To Germany Fall 12% In January-August

(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 10. Kazakhstan exported 1.12 million tonnes of crude oil and crude oil products derived from bituminous minerals to Germany in January-August 2026, down 12.26% year-on-year, according to Trend 's calculations based on data from the Bureau of National Statistics of Kazakhstan.

Shipments declined from 1.28 million tonnes in the corresponding period of 2025.

In value terms, exports of these products to Germany increased by 7.87% year-on-year to $719.3 million from $666.85 million.

Overall, Kazakhstan exported 46.96 million tonnes of crude oil and crude oil products obtained from bituminous minerals in January-August 2026, down 3.65% from 48.74 million tonnes in the same period of 2025. In value terms, exports of these products increased by 16.31% to $30.09 billion, compared with $25.87 billion a year earlier.

Kazakhstan's foreign trade turnover reached $102.96 billion in January-August 2026, up 12.8% in nominal terms compared with the same period of 2025.

Exports totaled $60.39 billion, increasing by 19.5% in nominal terms, while imports reached $42.57 billion, up 4.5%.

Crude oil and crude oil products obtained from bituminous minerals accounted for 49.8% of Kazakhstan's exports in January-August 2026. Other major export commodities included refined copper and unwrought copper alloys (6.4%), radioactive chemical elements and radioactive isotopes (5.1%), copper ores and concentrates (4.4%), and ferroalloys (2.2%).

Passenger cars and other motor vehicles accounted for the largest share of imports, at 3.3%. Other major imported commodities included telephone equipment (2.7%), pharmaceutical products (2.5%), petroleum gases and other gaseous hydrocarbons (2.4%), and electric generating sets and rotary converters (2.2%).

Italy was Kazakhstan's largest export destination, accounting for 18% of exports, followed by China (17.6%), Russia (8.5%), Türkiye (7.9%), France (6.1%) and the Netherlands (5.9%).

Russia was Kazakhstan's largest import partner, accounting for 31% of imports, followed by China (29.8%), Germany (4.6%), the United States (3.9%), South Korea (2.5%) and Türkiye (2.1%).

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