Kazakh foreign trade surplus widens 59.1% y/y

By bne IntelliNews September 13, 2017

Kazakhstan's foreign trade surplus stood at $10.98bn in January-July, the Statistics Committee said on September 12. The surplus widened by 59.1% from $6.9bn in the same period of 2016.

The expansion came as exports jumped to $26.94bn, growing by 35.3% from a year ago in the seven-month period, whereas imports rose to $15.96bn, up 20.1% y/y. The growth in imports and exports stems from regional economic improvements experienced by Kazakhstan’s main trading partners, including Russia.

The Kazakh economy is also set for an improvement thanks to the relaunch of the giant Kashagan oilfield last October.

The total volume of foreign trade amounted to $42.9bn, up by 29.2% y/y, in January-July.

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