Evaluation of export diversification in Kazakhstan

Over the last ten years developing countries have achieved very fast economic growth comparing to the former developed countries and gained the opportunity to vastly widen their export basket. Therefore, nowadays, there is a need for an in-depth study of the level of diversification of the exports of Kazakhstan. The main goal of the article is to determine the degree of export diversification of the regions of Kazakhstan, to study the factors affecting export volumes and to analyze the economic complexity index (ECI) using the example of regions. In the calculations of the Herfindahl-Hirschman and ECI indices, five-year data from 16 regions of Kazakhstan were used. And the factors affecting the increase in export revenue were studied using the correlation graph on the example of Kazakhstan. The study revealed a high level of export diversification in Almaty. On the contrary, Kyzylorda, Atyrau, West Kazakhstan and Mangystau regions showed a high level of export concentration. In conclusion, the possibilities of export diversification in the country were analyzed, a number of recommendations were made. The results of the study will be useful tool in applying export policy of the regions and in developing the complex strategic plan.

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