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.
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