ASTANA, Kazakhstan, January 24. Kazakhstan and
Mongolia are aiming to increase their bilateral trade turnover to
$500 million in the medium term, Trend reports via the Kazakh government.


This was discussed during a meeting between Kazakhstan’s Deputy
Prime Minister and Minister of National Economy Serik Zhumangarin
and Mongolia’s Deputy Prime Minister Khassuuri Gankhuyag.


The sides expressed confidence that this target can be achieved
through expanding the range of mutual supplies, developing
cooperation projects, and gradually removing trade and
administrative barriers.


It was noted that in January-November 2025, trade turnover
between Kazakhstan and Mongolia amounted to $121.5 million, showing
a 5.5% increase year-on-year. Kazakhstan’s exports reached $113
million, while imports stood at $8.6 million. Kazakhstan mainly
exports tobacco products, rapeseed, bread and confectionery
products, foodstuffs, and oilseeds, as well as engines and
engineering products. Imports from Mongolia include meat and meat
products, cashmere, footwear, carpets, and wool products.


To further boost trade, the Kazakh side plans to send a trade
mission to Mongolia to establish direct business contacts and
present Kazakhstan’s industrial zones, special economic zones, and
export potential.







The parties also highlighted strong potential for cooperation in
agriculture. Discussions covered opportunities to expand exports of
Kazakh agricultural products, as well as prospects for supplying
veterinary vaccines, including possible localization of their
production in Mongolia.


Kazakhstan and Mongolia enjoy robust relations, formalized as a
strategic partnership in 2024, underpinned by shared history and
cultural ties. Their cooperation spans political, economic, and
security areas, with a focus on enhancing trade—targeting a
turnover of $500 million, emphasizing key commodities like
agricultural products and oil from Kazakhstan and meat and cashmere
from Mongolia. Key sectors of collaboration include technology,
agriculture, and inter-parliamentary exchanges, with agreements to
expand regional cooperation and initiatives like satellite
exports.


According to the country's Bureau of National Statistics,
Kazakhstan's overall foreign trade turnover for the period amounted
to $128.8 billion, reflecting a marginal 0.1% decline from the
previous year. While exports fell by 4.2%, totaling $71.14 billion,
imports rose by 5.5%, reaching $57.67 billion.


Stay up-to-date with more news on Trend News
Agency's WhatsApp channel