Kazakhstan and Spain strengthen trade and economic cooperation

According to preliminary data from the Bureau of National Statistics, Kazakhstan’s gross domestic product increased by 6.5% in January-December 2025 compared to the same period of the previous year, primeminister.kz reports.

Pursuant to the instructions of the Head of State, the Government has been implementing systemic measures to diversify the economy. Over the past year, the main contribution to economic growth was provided by industry, transport, construction, and trade.

The industrial production index for the year amounted to 7.4%. The manufacturing sector demonstrated steady growth of 6.4%. These indicators were driven by increased production of food products by 8.1%, oil refining products by 5.9%, chemical industry products by 9.8%, metallurgy products by 1.2%, and machinery and equipment by 12.9%. Growth was recorded in the Aktobe, Almaty, Atyrau, West Kazakhstan, Zhambyl, Zhetysu, Karaganda, Kostanay, Mangystau, Pavlodar, North Kazakhstan, Ulytau, and Turkestan regions, as well as in the cities of Astana, Almaty, and Shymkent.

Growth in the transport and warehousing sector reached 20.4% for the year (20.3% in January-November), driven by an increase in freight transportation volumes, primarily by road and rail, as well as growth in passenger transportation in a number of regions. An increase was also noted in auxiliary transport services, including freight forwarding, air traffic management, services of airports, warehouses and storage facilities, as well as grain and refrigerated cargo storage services.

In the construction sector, growth amounted to 15.9%, exceeding the January-November 2025 figure (14.7%). Growth was ensured by the implementation of infrastructure and social projects, including the construction of comfortable schools, medical facilities, transport, and engineering infrastructure. In January-December 2025, the total area of commissioned housing reached 20.1 million square meters, which is 5.1% higher than in 2024.

Positive dynamics were also observed in trade: in January-December 2025, the sector showed growth of 8.9% (8.8% in January-November). The main contribution was made by wholesale trade, whose share exceeded two-thirds of the total sector volume. The increase in wholesale trade growth rates was influenced by enterprises selling grain, seeds, and animal feed (2.6-fold increase), machinery and equipment (+99.8%), pharmaceutical products (+44.1%), cars and light motor vehicles (+33%), dairy products, eggs, edible oils and fats (+25.8%), sugar, chocolate, and sugar confectionery (+21.2%), and a wide range of consumer goods (+12.5%).

Performance in agriculture, forestry, and fisheries amounted to 5.9%, supported by positive dynamics in crop production (+7.8%) and livestock farming (+3.3%). Growth in the information and communications sector reached 3.6%.

Overall, the pace of economic development reflects the sustained growth of key sectors of Kazakhstan’s economy.

 

Kazakhstan’s main exports to the countries of the Organization of Turkic States (OTS) include copper, oil, grain, and agricultural products, Qazinform News Agency reports.

Vice Minister of National Economy Assan Darbayev presented trade data between Kazakhstan and OTS countries at the 3rd General Assembly of the Turkic Chamber of Commerce and Industry (TCCI).

Kazakhstan’s total trade with OTS countries reached $10.4 billion, with the largest volumes recorded with Türkiye at $4.36 billion, Uzbekistan at $3.88 billion, Kyrgyzstan at $1.78 billion, and Azerbaijan at $0.39 billion.

Together, these four countries make up almost the entirety of Kazakhstan’s trade within the organization.

Kazakhstan’s exports to OTS countries reached $7.6 billion, a 17.1% increase, while imports totaled $2.8 billion, resulting in a trade surplus of $4.8 billion.

According to the vice minister, this growth reflects the increasing demand for Kazakh products in the markets of Turkic states.

 

Monthly inflation for December 2025 stood at 0.9%, according to the Bureau of National Statistics, Qazinform News Agency reports.

During the month, prices for food products increased by 1.2%, non-food goods rose by 0.7%, and paid services edged up by 0.6%

Over the past month, prices for oranges declined by 2.6%, carrots by 2%, sugar by 1.3%, and eggs by 0.1%. Conversely, prices rose for concentrated milk by 2.1%, hard cheese by 1.8%, and vegetable juices by 1.6%.

Automobiles became 0.4% cheaper, and electrical appliances dropped by 0.9%. Meanwhile, smartphone prices rose by 0.9%, and personal hygiene products increased by 1.1%.

In the public utilities sector, tariffs for sewerage decreased by 2.4% and cold water by 0.9%. During the month, however, taxi services became 1.8% more expensive. Prices for bathhouse visits rose by 2.1%, and cinema tickets by 2.9%.

Annual inflation for 2025 reached 12.3%. Over the past year, food prices surged by 13.5%, and non-food products by 11.1%. Paid service tariffs rose by 12%.

Among food items, annual price decreases were recorded for tomatoes at 7.9%, rice at 4.8%, cucumbers at 4.7%, bell peppers at 2.7%, and dried apricots at 2%. In contrast, prices rose for grapes by 7.7% and green tea by 7.9%.

 

Gold rose more than 1 percent on Monday, while other precious metals recorded strong gains, wam.ae reports.

As of 01:19 GMT, spot gold was up 1.5 percent at $4,395.35 per ounce, reaching a more than one-week high. Bullion touched a record high of $4,549.71 on 26th December 2025.

US gold futures for February delivery gained 1.8 percent to $4,405.40.

Spot silver added 4.5 percent to $75.86 per ounce, after hitting an all-time high of $83.62 on 29th December.

Spot platinum was up 1.5 percent at $2,175.15 per ounce, after rising to an all-time high of $2,478.50 last Monday.

Palladium edged 0.4 percent higher to $1,645.0 per ounce.

 

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, have decided to continue pausing oil output increases in February and March due to seasonal factors, Xinhua reports.

The decision followed a virtual meeting of OPEC+ member countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, to review global market conditions and the economic outlook.

The eight OPEC+ countries had been raising oil output on a monthly basis since April 2025. However, they decided in late November last year to pause the increases in January, February and March 2026 due to seasonality.

According to the statement, the countries will adopt a cautious approach and maintain full flexibility to adjust output levels as needed in response to market developments.

The organization said the next meeting of the eight countries will be held on Feb. 1 to make further decisions.

 

According to the Bureau of National Statistics of Kazakhstan, the country produced 22,580 units of vehicles and equipment worth a total of 311.1 billion tenge, marking the strongest monthly performance recorded throughout last year, Qazinform News Agency reports citing the Ministry of Industry and Construction.

Compared with November 2024, production volumes increased by 25.5 percent.

The passenger car segment was the main driver of growth. In just one month, Kazakh manufacturers produced 20,730 passenger cars, along with 807 trucks, 646 buses, 310 trailers and semi-trailers, and 87 units of special-purpose equipment. The ministry noted that these results were achieved through active expansion of production capacity.

Over the first 11 months of 2025, total vehicle and equipment output reached 146,163 units, valued at 2.03 trillion tenge. This represents a 15.7 percent increase compared with the same period last year.

 

A new plant for the production of pet food will be built in Kazakhstan’s Almaty region, with investment exceeding 88 billion tenge, Qazinform News Agency learnt from the Government’s press service.

The project is part of the President’s directives to develop the country’s processing industry. Prime Minister Olzhas Bektenov has signed the corresponding resolution.

The Agriculture Ministry and Mars Petcare Kazakhstan concluded an agreement to construct the facility in Konaev city. The plant’s design capacity is 100,000 tons of products per year.

It will be commissioned by December 31, 2030, with operations beginning on January 1, 2031. The plant will generate 200 jobs, with at least 85% of positions reserved for Kazakh citizens, alongside training and skills development programs.

 

Kazakhstan’s transport infrastructure development has entered an active phase, with plans to deliver 236 locomotives, more than 1,400 freight cars, and 191 modern passenger coaches this year, Deputy Transport Minister Zhanibek Taizhanov revealed, Qazinform News Agency learnt from the Government's press service.

In 2025, the country's freight volumes reached a record 318 million tons. This year targets to hit 327 million tons, with transit traffic growing steadily at 20% annually.

Among the major completed projects are Dostyk-Moyynty line and Almaty bypass (911 km), which helped boost network capacity fivefold.

He said construction of the Kyzylzhar-Moyynty and Darbaza-Maktaaral sections, modernization of the Altynkol-Zhetygen and Beyneu-Mangystau routes are to be completed next year.

He stressed 1,500 km of track were repaired in 2025; 1,600 km planned for 2026.

A large-scale railway station modernization program is underway, set for completion in 2026.

He noted port infrastructure modernization and the addition of four ferries to the national fleet are underway as part of the expansion of the Trans-Caspian International Transport Route (TITR) projects. It is targeted to boost container flow up to 90,000 TEU in 2026.