Kymbat Zhangaliyeva

Type of the article: Research Article

Abstract
In the context of Kazakhstan’s resource-based economy, the issue of developing export-oriented production and its diversification is becoming particularly relevant. This paper examines the macroeconomic factors determining export-oriented production in Kazakhstan. The study uses an econometric model to analyze the dynamics of export growth over time. Empirical results show positive coefficients for terms of trade (0.676, p < 0.01) and socio-economic development (0.001, p < 0.01), as well as a negative coefficient for the indicator determining the share of the manufacturing industry in GDP (–0.598, p < 0.01). In addition, foreign direct investment has not demonstrated a statistically significant relationship with export volumes. The results show that Kazakhstan’s export structure remains relatively concentrated, with a significant share of exports associated with mineral resources and energy products, making export performance sensitive to external market conditions. The results obtained emphasize the need to strengthen industrial, export, and investment policies, as well as stimulate the production of high-value-added products and increase the country’s technological potential to achieve sustainable export growth, which are priorities for Kazakhstan’s long-term economic development.

Acknowledgments
This study is supported by the Science Committee of the Ministry of Science and Higher Education of the Republic of Kazakhstan – AP26198229 Mechanisms for the development of export-oriented production: modern approaches and directions of implementation.