Kazakh Car Producers Prop Up Kazakh Economy In First Half Year

NUR-SULTAN – The Kazakh car industry has seen an overwhelming increase in domestic car production, an increase in exports, and car sales over the first half-year. The share of domestic cars exceeded 60 percent, the Association of the Kazakhstan AutoBusiness (AKAB) press service reported.

Photo credit: AKAB’s facebook page.

Domestic car manufacturers produced 32,701 car units, which is a 58.6 percent year-on-year (yoy) increase. Kazakhstan exported a total of 2,475 cars and commercial vehicles for a total of 19 billion tenge (US$45.91 million) in the first half year. 

The domestic car export had a significant increase in June. Kostanai-based SaryarkaAvtoProm alone shipped approximately a third of the total exports for 5.6 billion tenge (US$13.53 million) in June. This is, Kazakhstan exported every sixth domestically produced car in June.

SaryarkaAvtoProm exported domestic cars of Hyundai, Chevrolet and JAC (a Chinese state-owned automobile brand) brands to the Eurasian Economic Union and neighboring countries. The company is the only exporter of passenger cars in Kazakhstan.

The Kazakh Ministry of National Economy estimated the total cost of the domestically produced cars at 235.4 billion tenge (US$568.7 million), a 62.5 percent increase yoy.

The passenger cars accounted for the main growth in the auto industry – 27,867 units, 48.6 percent increase yoy. The rest was filled in by 2,974 trucks (+ 253.2 percent), 713 buses (+ 5.8 percent), 374 trailers and semi-trailers (+ 16.9 percent), and 131 units of other specialized equipment.

SaryarkaAvtoProm produced 16,923 car units, trucks and buses, an increase of 82 percent. Oskemen-based Asia Auto enterprise (12,846 units) and Semei’s SemAZ (1,105 units) are also among the biggest producers.

Kazakh domestic producers had a 4.1 percent increase defying the global negative trends in the first half of 2020. The main contributors to the upward trend were in the car industry – a 46 percent increase, pharmaceuticals – 24 percent, construction – 11.2 percent, and manufacturing 4.8 percent growth.

Get The Astana Times stories sent directly to you! Sign up via the website or subscribe to our Twitter, Facebook, Instagram, Telegram, YouTube and Tiktok!