Export credit agency of Kazakhstan

What Export credit agency of Kazakhstan does

Export Credit Agency of Kazakhstan JSC (KazakhExport) is a state-owned Joint Stock Company established in 2003 and headquartered in Astana, wholly owned by Baiterek National Managing Holding JSC (Kazakhstan's national investment holding). As the country's designated export credit agency, KazakhExport provides insurance, guarantee, and financing instruments that enable Kazakhstani enterprises to export non-commodity goods, works, and services while mitigating non-payment, political, and currency-transfer risks. Its product portfolio spans export credit insurance, short-term receivables portfolio insurance, international factoring insurance, advance payment insurance, letters of credit insurance, investment insurance, financial leasing insurance, and loan insurance, complemented by guarantee products (bid, performance, credit-return) and financing products (export trade finance and pre-export financing).

The agency operates a multi-channel distribution architecture comprising a headquarters in Astana, a representative office in Almaty, regional managers covering all 17 oblasts of Kazakhstan, foreign representatives in Uzbekistan, Tajikistan, Russia (Moscow and Tatarstan), Kyrgyzstan, China (Shenzhen), and Azerbaijan (covering Turkey and Georgia), plus digital self-service surfaces including a multi-language corporate website (kazakhexport.kz), an online personal account portal at online.kazakhexport.kz, a call-center at 1408, and a multi-language Exporters' Catalogue. In March 2026, KazakhExport co-launched the Exporters' Showcase / "Buy From Kazakhstan" digital marketplace with Baiterek Holding to promote non-commodity exporters internationally.

Revenue is generated primarily through insurance premiums on export credit, factoring, advance payment, and loan insurance products, with supplementary income from guarantee issuance fees and trade-finance intermediation. Pricing follows a usage-based, country-risk-tiered model aligned with OECD classification (7 risk tiers), with short-term insurance base rates between 0.3% and 2.4% and coverage of up to 80% of damages for commercial and political risks. The agency is backed by a 250 billion tenge state guarantee and reports an insurance capacity of 1.2 trillion tenge as of June 2026; for FY2024, it distributed KZT 6,173,426,210.40 (70% of net profit) as dividends to its sole shareholder Baiterek NMH JSC. The agency holds full memberships in the Berne Union Prague Club (since 2004), Aman Union (since 2014), ICISA (since 2020), the UN Global Compact (since 2017), and the Association of Financiers of Kazakhstan (since 2004), and is an affiliate of the Net Zero Export Credit Agencies Alliance (since December 2023). Reinsurance is supported by Swiss Re and distribution partnerships with Halyk Bank, Bank of China Kazakhstan, and the Development Bank of Kazakhstan.

Name

Export credit agency of Kazakhstan

Legal name

Export credit agency of Kazakhstan JSC

Website

https://kazakhexport.kz

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Export Credit Agency of Kazakhstan JSC (KazakhExport) is a state-owned export credit agency, established in 2003 and wholly owned by Baiterek National Managing Holding JSC, providing insurance, guarantees, and financing to support Kazakhstani non-commodity exporters and their foreign counterparties. It serves Kazakhstani exporters across manufacturing, agribusiness, and metallurgy, foreign importers, and domestic banks via domestic branches and foreign representative offices.

Ownership category

akta.pro rank

Product category

Export Credit Insurance and Trade Finance

NAICS

Sales Financing (52222)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), International Affairs (9721)

akta.pro primary industry

Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF)

akta.pro secondary industries

Export Credit Agencies (ECAs) & Official Export Finance (FSABAKAC), Trade Finance, Export Credit & Risk Mitigation (BPADAMAG), Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ)

Keywords

• Export credit insurance
• Trade finance
• Export guarantees
• Political risk insurance
• Pre-export financing

Headquarters

HQ city

Astana

HQ country

Kazakhstan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Premiums: KazakhExport generates revenue through insurance premiums charged to exporters for coverage of export credits, advance payments, and other trade-related risks. The agency provides various insurance products including export credit insurance, loan insurance, guarantee products, and factoring insurance.
2. State-Supported Export Financing: The agency facilitates export financing through partnerships with banks and international financial institutions, providing pre-export financing and export trade finance to support Kazakhstani exporters and foreign buyers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Export Credit Agency of Kazakhstan (KazakhExport) is a state-owned agency that underwrites export credit insurance, guarantees, and trade financing products for Kazakhstani enterprises selling goods, works, and services abroad, as well as for foreign buyers and banks financing such trade. Its product portfolio covers buyer non-payment insurance, advance payment insurance, investment insurance, factoring insurance, bid and performance guarantees, pre-export financing, and export trade finance, supplemented by the Exporters' Showcase and Exporters' Catalogue digital platforms that promote Kazakhstani non-commodity exports internationally.

Product overview

Export Credit Agency of Kazakhstan (KazakhExport) operates as a state-owned export credit agency providing a comprehensive suite of insurance, guarantee, and financing products to support Kazakhstani exporters. The portfolio includes: insurance products covering export credit, short-term receivables, international factoring, advance payments, letters of credit, investment, and financial leasing; guarantee products including bid bonds, performance guarantees, and credit return guarantees; and financing products such as export trade finance and pre-export financing. The agency also operates digital platforms including the Exporters' Catalogue (catalog of Kazakhstani non-commodity exporters published in English, Chinese, and Russian) and the Exporters' Showcase / Buy From Kazakhstan platform. Services are delivered through online portals, regional managers across Kazakhstan, and foreign representative offices in Uzbekistan, Tajikistan, Russia (Moscow and Kazan), Kyrgyzstan, China (Shenzhen), Azerbaijan, Turkey, and Georgia.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance of the Exporter's Credit Insurance protection for Kazakh exporters against the risk of non-fulfillment of financial obligations by foreign contractors when selling goods, works, or services for export with deferred payment terms.
• Insurance of the Exporter's Short-Term Receivables Portfolio insurance allowing exporters to protect the entire portfolio of export contracts with deferred payment terms against non-payment risk by foreign buyers.
• International Factoring Insurance Insurance protection for financial institutions against the risk of non-fulfillment by foreign counteragents in factoring transactions.
• Advance Payment Insurance Insurance providing protection to foreign companies purchasing Kazakhstani goods, works, or services on advance payment terms against the risk of non-delivery or non-refund.
• Insurance of Export Letters of Credit Insurance coverage for the Exporter's Bank (Confirming Bank) against non-fulfillment by the Importer's Bank (Issuing Bank) of obligations in respect of letters of credit.
• Investment Insurance Insurance coverage for Kazakh investors against the risk of foreign companies' default on obligations under investment agreements, including political risk protection covering war, expropriation, and currency transfer restrictions.
• Export Trade Finance Financing provided to foreign companies to purchase Kazakh goods through Kazakhstan banks using letter-of-credit payment methods.
• Pre-export Financing Reduced-rate financing for exporters to replenish working capital for producing exported goods, works, or services.
• Bid Guarantee Guarantee for participation in foreign tenders, where KazakhExport undertakes payment within the guarantee amount if the debtor fails to fulfill tender obligations.
• Guarantee of Performance under the Contract Guarantee ensuring performance of the debtor's obligations under export contracts, providing exporters competitive advantage with new buyers.
• Guarantee of Return of Credit Guarantee ensuring fulfillment of obligations by debtors to return credit to financial organizations and international financial institutions.
• Financial Leasing Insurance Insurance enabling access to leasing products for equipment purchase when collateral is insufficient or the lessor is not ready to take full transaction risk.
• Loan Insurance Insurance protecting financial institutions against exporter default on financial obligations under loan agreements, enabling exporters to obtain financing with insufficient collateral.
• Insurance of Exporter's Civil Liability on Bonds Insurance enabling attraction of financing for export capacity development and protection against default to bondholders issued by exporters.
• Portfolio Insurance for Non-Commodity Exports Insurance providing financial institutions protection against exporter default on loan agreements for developing and promoting non-commodity exports.
• Exporters' Catalogue Digital catalog of Kazakhstani non-commodity goods, works, and services for promoting domestic products to foreign markets, available in English, Chinese, and Russian.
• Exporters' Showcase / Buy From Kazakhstan Platform Digital platform launched by Baiterek Holding and Export Credit Agency to promote Kazakhstani products internationally, featuring key industries such as manufacturing, agribusiness, and metallurgy, with validation of participating companies.

Quantifiable outcome

• Insurance coverage for commercial and political risks up to 80% of amount of damages
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

13 partnerships are on record, tiered flagship, minor and core.

• Baiterek National Investment HoldingflagshipStrategic or Co-development Partner · 14 March 2026Launched the 'Exporters' Showcase' digital platform to promote Kazakhstani products internationally. Partnership to strengthen Kazakhstan's export capacity by connecting domestic manufacturers with international buyers.
• Net Zero Export Credit Agencies AllianceminorStrategic or Co-development Partner · 1 December 2023Affiliate member since December 2023. Alliance under UNEP FI (United Nations Environment Program Finance Initiative) and the Innovation Center of the University of Oxford for achieving zero greenhouse gas emissions.
• International Credit Insurance Association (ICISA)coreStrategic or Co-development Partner · 1 January 2020Full member since 2020. Association of world's leading private companies providing insurance of trade loans, guarantees, and sureties. Founded in 1928 in Amsterdam, Netherlands.
• Insurance Ombudsman CouncilminorStrategic or Co-development Partner · 18 September 2018Member since September 18, 2018. Independent body regulating disputes between insurance organizations and their clients.
• UN Global CompactflagshipStrategic or Co-development Partner · 18 December 2017Joined on December 18, 2017. UN initiative promoting business social responsibility and reporting on implementation of policies in human rights, labor relations, environmental protection, and anti-corruption.
• EXIAR JSC (Russian Federation)minorStrategic or Co-development Partner · 18 December 2017Russian export credit agency. Active international cooperation with largest foreign export credit agencies.
• Aman UnioncoreStrategic or Co-development Partner · 1 January 2014Full member since 2014. Association of the largest export credit agencies of Islamic states and the Arab world. General Secretariat located in Jeddah, Kingdom of Saudi Arabia.
• Berne Union (Prague Club)coreStrategic or Co-development Partner · 1 July 2004Full member since 2004. Association of the largest international export credit agencies and financial institutions with 85 member companies from more than 50 countries. Provides access to credit information database on 45+ million enterprises worldwide and expertise of Credit Alliance members.
• SINOSURE - China Export & Credit Insurance CorporationminorStrategic or Co-development PartnerChina Export & Credit Insurance Corporation. International cooperation partner for export credit insurance.
• SACE (Italy)minorStrategic or Co-development PartnerItalian export credit agency. International cooperation partner.
• Halyk Bank of Kazakhstan JSCminorChannel Partner/ Reseller/ DistributorPartner bank for distributing export support services and financing products.
• Bank of China KazakhstanminorChannel Partner/ Reseller/ DistributorPartner bank for international trade finance and export support operations.
• Association of Financiers of Kazakhstan (AFK)minorStrategic or Co-development PartnerFull member since July 1, 2004. Association uniting 125 participants of the financial market including banks, insurance organizations, and other financial institutions.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Coface: Major global private trade credit insurer and ICISA peer. Comparable on export credit insurance and guarantee products, with a global buyer-information database similar to what KazakhExport accesses through Berne Union.
• Atradius: Global private trade credit insurer and ICISA peer. Comparable product suite (credit insurance, guarantees, collections) and active in the same European/CIS trade corridors served by KazakhExport.
• Euler Hermes / Allianz Trade: World's largest trade credit insurer, now part of Allianz. Comparable on the insurance/guarantee product side and ICISA co-membership; broader incumbent with global private-market reach and a much larger premium volume than a national ECA.

Direct peers

• EXIAR (Export Insurance Agency of Russia): Russian state-owned ECA explicitly listed as a cooperation partner of KazakhExport. Directly comparable: state-mandated, offers export credit insurance, guarantees, and investment insurance for non-commodity exports, and shares the CIS/Central Asia geographic footprint.
• SINOSURE (China Export & Credit Insurance Corporation): China's state-owned ECA and a named cooperation partner of KazakhExport. Directly comparable: state-backed export credit insurance, guarantees, and financing with a focus on cross-border trade and investment support.
• SACE (Italy): Italian state-owned ECA and a named cooperation partner of KazakhExport. Directly comparable: state-backed export credit, investment insurance, and guarantee products with international cooperation agreements across major ECAs.
• Export-Import Bank of the United States (US EXIM): US official ECA offering export credit insurance, loan guarantees, and direct loans to support US exporters. Directly comparable in mandate, product mix, and state-backed capacity, though operating in a much larger market.
• NEXI (Nippon Export and Investment Insurance): Japan's state-owned ECA providing export credit insurance, investment insurance, and trade finance guarantees. Directly comparable in mandate and product architecture to KazakhExport.
• UK Export Finance (UKEF): UK's state ECA providing export credit insurance, guarantees, and direct lending to support UK exporters. Comparable product suite (insurance, guarantees, trade finance) and state-backed balance sheet, though serving a different exporter base.

Emerging players

• Export Credit Bank of Turkey (Türk Eximbank): Turkish state ECA offering export credit, guarantees, and trade finance. Comparable as a national ECA in an emerging market, with similar product mix and Central Asia / CIS regional orientation, though operating at meaningfully larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/kazakhexport
• YouTubeyoutube.com/channel/UC9TvUbL-Y5BOIaNjQwKpZ4Q
• Facebookfacebook.com/KazakhExport
• LinkedInlinkedin.com/company/kazakhexportkz

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Export credit agency of Kazakhstan