Kazakh Jan-May trade surplus grows to $21.5 bln

July 14. Reuters. ALMATY

Kazakh Jan-May trade surplus grows to $21.5 blnKazakhstan’s foreign trade surplus grew to $21.5 billion in the first five months of 2011 from $13.9 billion in the same period of last year, the State Statistics Agency said on Thursday.

Exports, predominantly oil and metals, rose by 44.3 percent year-on-year to $34.9 billion in January-May 2011. Imports rose by 30.0 percent to $13.4 billion in the same comparison.

China was Kazakhstan’s largest export market in the period, contributing a 15.8 percent share of export revenues. Italy was second, with 14.3 percent, and Russia third with 10.3 percent.

Russia also accounted for 42.7 percent of all imports, followed by China with 12.0 percent and Ukraine with 5.2 percent.

Following are data supplied by the State Statistics Agency:

FOREIGN TRADE BALANCE OF KAZAKHSTAN ($ millions)

  Jan-May 2011 Jan-May 2010
Exports 34,906.7 24,196.9
Imports 13,358.5 10,278.7
Balance +21,548.2 +13,918.2

JAN-MAY 2011 TRADE BY INDIVIDUAL COUNTRY (pct of total)

EXPORTS IMPORTS
China – 15.8 Russia – 42.7
Italy – 14.3 China – 12.0
Russia – 10.3 Ukraine – 5.2
Netherlands – 8.7 Germany – 4.9
France – 4.9 United States – 4.0

 http://af.reuters.com/article/energyOilNews/idAFLDE76D02720110714

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