Kazakh Foreign Trade Surplus Falls To $10.2 Bln

Kazakhstan: Forecast And Realities In Economic Development

ALMATY, Jan 17 (Reuters) – Kazakhstan’s foreign trade surplus narrowed to $10.2 billion for January-November from $13.8 billion in the same period last year, the Statistics Committee said on Tuesday. The central Asian nation has been hit by a drop in world prices for oil and metals, its main exports.

Italy and China were Kazakhstan’s largest export markets in the period, accounting for 20.0 percent and 11.7 percent of revenue respectively.

Russia provided 35.4 percent of all Kazakhstan’s imports in the period, followed by China with 14.5 percent.

The following data was supplied by the committee: FOREIGN TRADE BALANCE OF KAZAKHSTAN ($ million) Jan-Nov 2016 Jan-Nov 2015 Exports 32,732.1 42,072.1 Imports 22,566.6 28,243.6 Balance 10,165.5 13,828.6 JAN-NOV 2016 TRADE BY INDIVIDUAL COUNTRY (pct of total) Exports: Imports: Italy – 20.0 Russia – 35.4 China – 11.7 China – 14.5 Russia – 9.5 Germany – 5.8 Netherlands – 8.6 USA – 5.2 Switzerland – 8.1 Italy – 3.4

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