There are more than 5,000 deposits of mineral resources in the country, the estimated cost of which is said to be tens of trillions of dollars. The country is ranked first in the world on explored reserves of zinc, tungsten and barite, second – on silver, lead and chromites, third – on copper and fluorite, fourth on molybdenum, and sixth – on gold.
Kazakhstan also has significant oil and gas resources and holds the 9th place in the world in proven oil reserves, most of which are located in the western regions. In addition, the country’s uranium and coal deposits are the 2nd and the 8th largest in the world respectively.
Kazakhstan is among the world’s top ten exporters of grain and is one of the leaders in flour export. Nearly 70% of arable land in the north of the country is occupied by grain and industrial crops – wheat, barley, millet. Rice, cotton, and tobacco are cultivated in the south of the country. Kazakhstan is also famous for its gardens, vineyards and melons. Livestock farming is another leading area of agriculture in the country.
Kazakhstan exports mining products, fuel, energy, the products of metallurgical and chemical industries, along with grain. The main trade partners of the country are Russia, China, Europe and the CIS states.
At the moment, Kazakhstan is implementing a large-scale project titled “New Silk Road” that envisions the revival of the country’s historical role as the major bridge between the two continents. It is also planned to transform the country into the largest business and transit hub of the region. By the year 2020, the volume of transit traffic through Kazakhstan is expected to increase almost twice.