Kazakhstan’s Export Credit Agency, KazakhExport, has released its performance results for the first half of 2025, reporting record-high support for the country’s non-resource exports.
According to the agency, total support during the reporting period amounted to 333.3 billion tenge (US$641 million), compared with 157.9 billion tenge (US$335 million) in the same period last year. Of this, 43 billion tenge (US$82.6 million) was provided through pre-export and trade finance instruments.
The volume of supported exports in Kazakhstan’s manufacturing sector more than doubled year-on-year, reaching a historic peak. In total, 81 exporters benefited from KazakhExport’s services, including 12 new clients. Small and medium-sized businesses (SMEs) accounted for 70% of the projects, underlining the agency’s focus on expanding participation in foreign trade.
KazakhExport identified Uzbekistan, Tajikistan, Kyrgyzstan, China, Russia, Belarus, Armenia, Azerbaijan, Mongolia, and the UAE as its main export destinations.
Tajikistan remains a priority market. In the first half of 2025, the agency provided 3.14 billion tenge (US$6 million) in insurance support for exports to the country. Through Tajik banks, KazakhExport financed local importers with 2.8 billion tenge (US$5.4 million) in trade finance.
The supported contracts covered Kazakh producers of metallurgical, petrochemical, and food products, all of which enjoy stable demand in Tajikistan. Officials say these exports not only support Tajikistan’s key industries but also strengthen regional cooperation and trade integration across Central Asia.
Kazakhstan’s export portfolio continues to be dominated by food products, metals, chemical and oil-refining goods, agricultural products, and construction materials. Among KazakhExport’s most in-demand instruments are short-term receivables insurance, loan insurance, and export letter-of-credit coverage.
KazakhExport strengthens role as official export credit agency. Agency expands support for Kazakhstan’s non-resource exports. KazakhExport, the state-owned Export Credit Agency of Kazakhstan (ECA), is stepping up its role in boosting the country’s non-resource exports after gaining official ECA status in 2024. Established in 2003, KazakhExport provides export credit insurance, guarantees, and trade finance to domestic enterprises. With its expanded mandate, the agency now also offers reinsurance, guarantees for export operations, interest rate subsidies on trade finance, and broader risk mitigation tools. Officials say the move is aimed at making Kazakh goods and services more competitive on international markets while facilitating foreign trade. The expanded support comes as Kazakhstan seeks to diversify its economy and reduce reliance on raw materials.
