At the same time, gold, nickel, lithium and rare-earth metals have been assessed as potential resources for nascent exports that could give Kazakhstan an advantage in the global market. Metals considered in the overview are derived from the results of report on Kazakhstan’s economic complexity that was developed by AIFC and Harvard Growth Lab.
The overall value of lithium ion batteries exports increased by an average 31.7% for all exporting countries from five years earlier in 2020 when lithium ion batteries shipments were valued at $2.71 billion. Year over year, revenues from exported lithium ion batteries accelerated by 52.4% compared to $3.5 billion during 2023.
By value, the listed 15 countries shipped 88% of lithium ion batteries globally exported in 2024. Among the top exporters, the fastest-growing lithium ion batteries exporters since 2023 were: Poland (up 20.9%), mainland China (up 18.4%), Indonesia (up 11.9%) and the United Kingdom (up 6.9%).
Nine groups of goods have export potential, including metals already exported by Kazakhstan and those whose full potential has yet to be realized, namely lithium, nickel, gold and rare-earth metals.
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