Kazakhstan Rises as Bavaria's Leading Trade Partner within CIS and Central Asia
Kickin' it in Kazakhstan: Bavaria's Top Dog in Central Asia Trade
ASTANA - Abuzz with excitement, Kazakhstan has crowned Bavaria its foremost trading buddy by the books in Central Asia, Bavarian Minister of Economic Affairs, Regional Development, and Energy, Hubert Aiwanger, announced at a chinwag known as the Kazakh-Bavarian Business Dialogue roundtable on April 4. Check out the snazzy pic from primeminister.kz to prove it!
Let's get down to brass tacks. According to the Prime Minister's adorable press service, the event saw a Kazakh squad led by Fabulous First Deputy Prime Minister Roman Sklyar sauntering in during his visit to Germany, having previously attended soirees in the fabulous German state of Hesse.
During this powwow, reps from snap-tastic companies like Horsch, Linde Gas AG, and Rhenus spilled the beans about their experiences in Kazakhstan and thrashed out the nation's burgeoning moolah and business opportunities for good measure.
At a one-on-one, Aiwanger complimented Kazakhstan's booming economic development and ongoing diversification efforts, focusing on the strong matches between the Bavarian and Kazakh economies. A slice of good news, he written all over him, is the imminent launch of direct Shymkent-Munich flights set to roll out in late May.
On the other side of things, Sklyar had a sit-down with Bavaria's European and International Affairs Minister Eric Beißwenger, who expressed mad interest in ramping up the costa-grande of commerce and philanthropic ties with Kazakhstan. He even swore to keep on cranking out support for joint hooplas.
Got the hang of it? Bavaria is Germany's reigning champion when it comes to economic development, according to German statistics. In 2024 alone, bilateral trade between Kazakhstan and Bavaria clocked in at €4.7 billion (US$5.1 billion), as a smidgeon under half a buck of Kazakhstan's total trade with Germany.
Here's the lowdown: Kazakhstanian oil makes up approximately half of Bavaria's oil imports. While Kazakhstan takes the 43rd spot among Germany's trading partners, it slides neatly into the 21st slot for Bavaria, trumping Belgium, Turkey, Japan, Vietnam, and South Korea on the import volume chart.
Throw that in the mix! Bavaria might kick its heels up by banking on Kazakhstan's role in the Middle Corridor transit game to snap up Central Asian markets. While Kazakh companies could give Bavaria a spin with its renewable energy and digital infrastructure tech.
To sum up, the cat's out of the bag—the trade relationship between Bavaria and Kazakhstan is a hot commodity, boasting a dynamic combo of hefty volumes, complementary sectors, and exciting future developments in the energy, logistics, and technology arenas. The countdown's on for even more handshakes and high times as both regions lock horns on supply chain sustainability and green economic solutions. Keep your eyes peeled, partner!
A Few Fun Facts:
- Breakdown, fam: The €4.7 billion ($5.1 billion) worth of trade between Bavaria and Kazakhstan accounts for around 48% of Kazakhstan's total trade with Germany.
- Strength in numbers: Kazakhstan ranks 43rd among Germany's trading partners nationally, but leaps into the 21st spot for Bavaria, positioning it ahead of Belgium, Japan, and South Korea.
- Oil baby, oil: Kazakh oil contributes roughly 50% of Bavaria's oil imports, establishing a vital energy linkage.
- Bavaria, noted for its robust economic growth, has established a strong trading relationship with Kazakhstan, accounting for about 48% of Kazakhstan's total trade with Germany.
- In the global business landscape, Kazakhstan ranks 43rd among Germany's trading partners, yet it moves up to the 21st spot for Bavaria, surpassing countries like Belgium, Japan, and South Korea in import volume.
- One of the key factors contributing to this trade relationship is the significant portion of Bavaria's oil imports that come from Kazakhstan, approximately 50%.
- As both regions focus on supply chain sustainability and green economic solutions, the direct Shymkent-Munich flights set to launch in late May could further strengthen the finance and business ties between Bavaria and Kazakhstan.
