Kazakhstan’s 2011 trade surplus soars to $50 bln

Feb 15. Reuters. ALMATY

Kazakhstan's 2011 trade surplus soars to $50 blnKazakhstan’s foreign trade surplus grew 72 percent to $50 billion in 2011 from $29.1 billion in 2010, the State Statistics Agency said on Wednesday.

Exports, predominantly oil and metals, rose by 48 percent to $88.1 billion in 2011. Imports rose by 25 percent to $38.0 billion.

China was Kazakhstan’s largest export market last year, accounting for 18.5 percent of export revenues. Italy was second, with 17.1 percent, and Russia third with 8.5 percent.

Russia accounted for 42.8 percent of all of Kazakhstan’s imports in 2011, followed by China with 13.2 percent and Germany with 5.5 percent.

Following are data supplied by the State Statistics Agency:

FOREIGN TRADE BALANCE OF KAZAKHSTAN ($ million)

  Jan-Dec 2011 Jan-Dec 2010
Exports 88,117.7 59,543.4
Imports 38,038.7 30,437.9
Balance +50,079.0 +29,105.5

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

EXPORTS IMPORTS
China – 18.5 Russia – 42.8
Italy – 17.1 China – 13.2
Russia – 8.5 Germany – 5.5
Netherlands – 7.5 Ukraine – 4.6
France – 6.1 United States – 4.5

http://af.reuters.com/article/commoditiesNews/idAFL5E8DF05N20120215

Share