Foreign Capital Dominates Kazakhstan's Wholesale Trade as Retail Shifts

Foreign Capital Dominates Kazakhstan's Wholesale Trade as Retail Shifts

Kazakhstan's trade sector is exhibiting a sharp divide between the retail and wholesale segments, with foreign capital securing a dominant foothold in the latter. While retail remains largely in private local hands, the wholesale engine of the economy is increasingly driven by international players. The Wholesale Stronghold Wholesale trade volume reached 34.7 trillion tenge in the first eight months of 2026, a 6.7% increase in real terms. The mo…