Kazakh foreign trade surplus shrank to USD 24.5bn in Jan-Aug, down from USD 29.2bn reported in the same period of previous year, according to the State Stat Agency. Exports shrank by 5.1% y/y to USD 55.2bn while imports expanded by 5.7% y/y to USD 30.7bn. Kazakhstan exported mainly to Italy (17.3% share in total exports), China (16.4%), Netherlands (13%), France (7.3%) and Russia (6.9%). On the other hand, imports came mainly from Russia (36.2%), China (17.4%), Ukraine (5.4%), the USA (5%) and Germany (4.8%). Kazakhstan exports are dominated by oil and metals.
Related Articles
OPEC+ completes voluntary cut rollback with September hike
OPEC+ agreed on August 2 to raise output by around 188,000 barrels per day (bpd) from September, completing the unwinding of voluntary cuts first agreed in 2023. The decision, taken at a virtual ... more
S&P upgrades ratings of Freedom subsidiaries to ‘BB-’
S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more
Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more