Why it matters:
Kazakhstan is a key player in Central Asia, and closer ties with Iran could significantly influence regional dynamics.Strengthening economic, energy, and transportation cooperation between the two nations can create new opportunities for trade and regional development.Given global geopolitical shifts, the meeting could enhance Iran and Kazakhstan’s role in promoting regional stability.
The big picture:
Iran and Kazakhstan have been steadily strengthening their relations over the years. The two nations engage in extensive cooperation across various sectors, including energy, trade, and transit. Iran plays a crucial role in international transportation routes, and Kazakhstan seeks to leverage Iran’s connectivity for broader trade expansion. The recent meeting of foreign ministers underscores ongoing strategic collaboration and efforts to enhance diplomatic ties amid evolving global circumstances.
By the Numbers:
Bilateral Trade Volume: In 2024, trade between Iran and Kazakhstan reached $340 million, marking a 12.3% increase compared to the previous year.
Iran’s Exports to Kazakhstan: In 2023, Iran exported approximately $219 million worth of goods to Kazakhstan. Key export items included ethylene polymers ($35.9 million), unglazed ceramics ($14.2 million), and tropical fruits ($11.8 million).
Kazakhstan’s Exports to Iran: In 2023, Kazakhstan exported around $83.5 million worth of goods to Iran. Major exports included barley ($43.7 million), wheat ($18.4 million), and other plant residues ($8.76 million).
Growth Trend: Over the past five years, Iran’s exports to Kazakhstan have increased at an annual growth rate of 15.8%, rising from $105 million in 2018 to $219 million in 2023.
Go deeper:
Iran and Kazakhstan to Expand Economic Cooperation
Neda Sajjadi
