Kazakhstan: Trade Competitiveness and Diversification in the Global Value Chains Era

As a small economy, Kazakhstan’s growth and development prospects crucially depend on its increasing participation in international trade. Kazakhstan is dependent on hydrocarbon and other mineral exports and remains vulnerable to international price shocks.

Greater trade integration into global and regional value chains will be a powerful vehicle for raising Kazakhstan’s participation into the global economy, encouraging the reallocation of the factors of production, upgrading of productivity, and allowing the emergence of a more dynamic private sector. This report provides an overview of Kazakhstan’s trade and trade competitiveness.