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