Kazakhstan-China Trade Figures Reveal Discrepancy
Photo: Orda.kz
A discrepancy in trade figures between Kazakhstan and China has emerged again, Orda.kz reports.
According to Chinese statistics, 2024 exports to Kazakhstan totaled $27.96 billion. However, Kazakhstani customs recorded only $15.21 billion — leaving $14 billion unaccounted for. This suggests that a significant portion of trade transactions are going unreported, potentially costing Kazakhstan's budget billions.
Vice Minister of Trade and Integration Kairat Torebayev attempted to clarify the issue, attributing the discrepancy to differences in accounting methods.
We raised this question and discussed it with our Chinese counterparts. Global trade relies on various accounting methods for imports and exports. For example, if China ships goods to Uzbekistan or Turkmenistan via Kazakhstan, Chinese statistics record it as exports to Kazakhstan, Torebayev explained.
Meanwhile, the vice minister added that Kazakhstani customs only register imports that physically remain in the country.
Original Author: Olga Ibrayeva
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
