Kazakhstan increases revenue from coal exports

20.09.2022, 11:03

Kazakhstan has more than doubled its revenue from coal exports. According to the First Credit Bureau, over seven months, the country exported over 19 million tonnes of coal, which is 22 percent more compared to the same period of last year. Analysts attribute this surge in sales to the demand for coal from Europe, which is currently experiencing an energy crisis. Switzerland is one of the key export destinations. Coal exports to that country have increased twofold. The sales to Poland have jumped 127 times, while to Bulgaria by more than 860 times. Cyprus and Belgium have also become active importers of Kazakh coal. As for the bordering countries, Kazakhstan sells the most coal to neighboring Russia. The volumes are up nearly 12 percent this year.