Kazakhstan’s economy relies heavily on oil and gas exports. In 2008, these resources accounted for 73% of the country’s total exports and its trade surplus was $33.3 billion. Partly to the global economic crisis, the nation’s foreign trade dropped by more than 40% in 2009 from the 2008 levels. Turkmenistan, another major oil exporter in the region, also suffered from falling energy prices. Tajikistan and Kyrgyzstan have a large overseas worker pool in Russia. Being large labor exporters, the remittances account for 66% of the GDP of both countries.
Kazakhstan’s exports were worth $41.64 billion in 2009, a sharp fall from 2008 figures of $71.97 billion. Oil, oil products, ferrous metals, chemical, machinery, etc., were the top export commodities in 2009. Its primary export partners were China, Russia, Germany, Italy, Romania, France and Turkey. Kazakhstan’s imports in 2009 were worth $25.15 billion, and its top import commodities included food, metal products, etc. Its primary import partners were Russia, China, Ukraine and Germany.