Kazakh foreign trade surplus shrinks to USD 24.5bn in Jan-Aug.

By bne IntelliNews October 17, 2013

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

Kazakh judge jails former rising star minister for 10 years after corruption trial

A Kazakh court on March 14 sentenced former Kazakh Economy Minister Kuandyk Bishimbayev to 10 years in prison after he was found guilty of bribery and embezzlement.  Judge Adilkhan ... more

Iran could join Moscow-led EEU by May says Russian minister

Russia’s Energy Minister Aleksander Novak has said Iran could join the Eurasian Economic Union (EEU) by May, RT reported on March 10. Tehran has repeatedly lobbied Moscow over the past year to ... more

Moldovan businessman Stati threatens to ask bailiffs to sell Kazakh Kashagan stake in legal battle

Moldovan businessman Anatolie Stati’s spokeswoman said on January 9 that Stati will ask bailiffs to sell a $5.2bn stake in the Kashagan oil field owned by Kazakh sovereign ... more