Foreign trade surplus shrank to USD 13.696bn in Jan-Apr from USD 16.704bn reported in the same period last year, according to data provided by the State Stat Agency. Exports decreased from USD 29.533bn to USD 27.525bn in the first dour months of the year. The main reason behind the decrease was drop in oil and gas condensate exports as well as in exports of metals. Imports increased from USD 12.829bn to USD 13.829bn in Jan-Apr.
Kazakhstan exported mainly to Italy where an oil hub is located (17.5% share in total exports), China (15.6%), Netherlands (13.9%), Russia (7.9%) and France (7%). Imports came mainly from Russia (36.8% share in total imports), China (16.7%), Ukraine (5.4%), the USA (5%) and Germany (4.4%).
Related Articles
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
Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment
A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more