In 2023, Kazakhstan’s manufacturing production surged to 21.6 trillion tenge (approximately $48 billion). These figures were unveiled during a session of the Ministry of Industry and Construction’s board in Kazakhstan. This marked a notable uptick of 4.1 percent compared to the preceding year, which saw manufacturing output at 20.7 trillion tenge, or around $46 billion. The boost was primarily fueled by significant growth in sectors such as mechanical engineering (up by 25.4 percent), woodworking (up by 38 percent), light industry (up by 12.2 percent), and construction (up by 6.1 percent).
Concurrently, investments surged by 11.2 percent, reaching 1.7 trillion tenge (approximately $3.77 billion). This growth stemmed from robust investments across various sectors, including a sevenfold increase in other vehicle production, a 5.6-fold increase in clothing manufacturing, a quadruple increase in furniture production, and a 3.5-fold surge in the automotive industry. Furthermore, by the close of 2023, the launch of 170 investment projects, valued at 928 billion tenge (about $2 billion), led to the creation of over 12,000 jobs.
Exports of manufactured goods totaled $25.3 billion, underlining the sector’s significant contribution to the economy. Looking ahead, approximately 180 projects, valued at around 1.3 trillion tenge (roughly $2.9 billion), are slated for implementation in the manufacturing industry this year, with an anticipated creation of about 17,800 new job opportunities.
