Kazakhstan’s foreign trade surplus shrinks 75% in Q1 2009

Interfax, ALMATY

Kazakhstan’s foreign trade surplus narrowed  more than 75% in January-March 2009 to $2.7 billion, from $8.7 billion  posted  in the same period of 2008, the State Statistics Agency said in a statement.

The agency said that foreign trade in January-March 2009 slipped by 38.7% to  $13.9 billion. Exports fell by 49% to $8 billion while imports decreased by 15.7% to $5.9 billion.

CIS  states  accounted  for  $1.479 billion in total exports in the three months (down 41.2%) and $2.545 billion in imports (down 26.9%).

The  main  purchasers  of  Kazakh  production  were  Italy,  China, Switzerland  and  Russia.  The main importers to Kazakhstan were Russia, China and Ukraine.