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Kazakh export revenues drop

Kazakh export revenues drop

Date: 12 November 2015 12:07

Baku, Azerbaijan, Nov. 12

By Elena Kosolapova – Trend:

Kazakhstan has considerably reduced export of its goods to $36.4 billion in January-September 2015, according to the national bank of the country.

For the same period last year, Kazakh export amounted to $62.7 billion.

During this period, Kazakhstan has also reduced import to $25.7 billion (from $32.1 billion in January-September 2014).

For the first nine months of 2015, Kazakhstan's current account surplus amounted to $10.7 billion, which is a 65 percent decline compared with the same period last year ($30.6 billion).

The current account deficit of Kazakhstan for the first nine months of 2015 amounted to $4 billion. In the same period last year, the figure was $6.1 billion.

The negative income balance of Kazakhstan amounted to $10.9 billion ($19.9 billion in the same period last year). Deficit reduction took place due to declining revenues of exporters and, accordingly, non-resident income from direct investment.

The negative balance of international operations amounted to $3.8 billion.

For the first nine months of 2015, net inflow on the financial account (excluding errors and omissions) amounted to $8.4 billion.

Net inflow of direct investment transactions in Kazakhstan for the period amounted to $3.6 billion.

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