Kazakhstan's foreign trade surplus shrinks to USD 13.696bn in Jan-Apr.

By bne IntelliNews June 14, 2013

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%).

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