Kazakhstani companies sell goods for $ 167.7 million on Alibaba

At the moment, the total sales of Kazakhstani companies that presented their goods on the Alibaba platform amount to about 167.7 million dollars, El.kz reports.

 "This year, the national pavilion of Kazakhstan was opened on the Alibaba marketplace, where 130 domestic companies and more than 7.5 thousand products are represented. At the moment, the total sales of companies brought to the platform amount to about 167.7 million US dollars," Deputy Prime Minister – Minister of Trade and Integration Serik Zhumangarin said.

He noted that domestic companies can also do business on other international marketplaces, such as Amazon, Ebay, Wildberries.

From a business point of view, online trading is much more effective in scaling and reducing costs.

"Due to its unique geographical location, our country has the opportunity to play a key role in the global turnover of the e-commerce market, becoming a reliable transit hub," Zhumangarin added.

Earlier it was reported that in general in Kazakhstan there is an increase in the share of online trade from the total volume of retail trade. If in 2019 the share of e-commerce was 3.7%, then by the end of 2021 it reached 9.6%.

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