Set by officials of the Top Trump administration counter Increasing global influence as China’s top priority. In Central Asia, US officials will face difficult struggles in trying to reduce Beijing’s expanding economic footprint.
Beijing has recorded its position as a dominant economic player in the western border of China, and recorded that trade turnover rates increased by almost 5 % in 2024. General management of customs。 China puts Russia aside as in the region Top Trade Partner。
The numbers indicate that the balance of trade in 2024 is greatly leaned on China’s favor. Overall sales in Central Asia reached $ 89.4 billion to $ 94.8 billion in the previous year. China’s products and services exported to Central Asia are worth $ 64.2 billion, accounting for more than two -thirds of trade. Most of the $ 30.6 billion imported by China last year from Central Asia consisted of natural resources such as petroleum, natural gas, rare earth, precious metals, and minerals. Another major imported product was fruits and other foods.
Kazakhstan is the largest trade partner in China in the area, with two -country trade sales of $ 43.8 billion, an increase of nearly 7 % of the previous year. Kazakhstan imported a total of $ 28 billion, services and exports, with a total of $ 15.9 billion.
Kilgistan achieved the maximum percentage in China year -on -year, increasing the conversation rate of bilateral two countries by about 15 % to $ 22.7 billion. The most notable aspect is that Kilgi Strang has a tremendous 3,270 % of the export to China, surprisingly increased from the relatively small $ 80 million last year to $ 2.8 billion. Nevertheless, Kilgistan had a large trade deficit with China, with imports of $ 19.9 billion in 2024.
Trade with Turkmenistan, the third largest trade partner in China in China, was flat at $ 10.6 billion. However, Turkmenistan continued to be the only Central Asian state that recorded a trade surplus with Beijing. Ashgabat exports were $ 9.6 billion, but imports were limited to only 1 billion. Turkmen surplus is far from abnormalities. The good balance of trade with China dates back to at least in 2014. This is as long as GACC data progresses.
Uzbekistan reached a slight decline in China to about 2.38 billion, exporting to China $ 2 billion, importing $ 11.8 billion.
Tajikistan was also expected to be about $ 3.9 billion, with nearly 2 % decrease in the two countries. DUSHANBE’s export to China increased by nearly 40 % year -on -year to $ 350 million, but TAJIK INTERVESS exceeded $ 3.5 billion.
On the other hand, China’s economic impact on Caucasus has also increased, and trade sales with three regions in the region reached $ 6.5 billion in 2024, an increase of 22 % from $ 5.4 billion in the previous year. Like Central Asia, trade balance has overwhelmingly profitable to China. Caucasus imported $ 5.3 billion, but export was $ 1.1 billion.
Azerbaijan accounted for the largest share of local trade sales at nearly $ 2.5 billion, and has grown the most. More than 43 % from the previous year. However, the import from China increased by 55 % and was promoted only by importing $ 2.4 billion, but BAKU increased the total ignorant export by 64 % and $ 61 million.
Trading between Georgia and China increased by about 10 % to $ 2.3 billion. Most of the imports were flat at about $ 2 billion. The export increased by about 142 %, but the total was still relatively modest $ 276 million.
Armenia’s two -country rotation rate increased by 15 % to $ 1.8 billion. However, as with Azerbaijan, it was the expanded flow of products from China that was substantially growing. China’s imports have surged over $ 1 billion, exceeding 75 %, but exports decreased by about 22 % to $ 768 million. Before 2024, Armenia had a positive trade balance with China, at least to 2014. Economic dependence In Russia, Beijing may have helped to boost the trade balance of the national trade in a negative territory.
by EURASIANET.ORG
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