ASTANA, Kazakhstan, September 25. Kazakhstan recorded a trade surplus of $13.3 billion from January through July 2024,TurkicWorld reports.
According to calculations based on the weekly macroeconomic review of the European Bank for Reconstruction and Development (EBRD), this indicator increased by 35.7 percent ($3.5 billion) compared to the same period last year.
The growth in the indicator was primarily fueled by an increase in the nominal volume of exports by 2.2 percent year-on-year and a decrease in imports by 6.9 percent. The main factors contributing to the increase in exports were the supply of energy resources and chemical products, each of which contributed 1.4 percentage points.
Additionally, exports were restrained by a decrease in the value of exported animal and plant products, which reduced the growth rate by 1.3 percent, as well as a decrease in the supply of machinery and equipment by 0.4 percent.
The decrease in imports is largely explained by a drop in imported machinery and equipment, which fell by 5.1 percentage points, and a decrease in imports of mineral products by 1.6 percent.
The European Bank for Reconstruction and Development (EBRD) is a multilateral bank that supports private sector development in 36 countries on three continents. Kazakhstan joined the EBRD in 1992. To date, the EBRD has invested €10.2 billion in 324 projects in Kazakhstan, with most of those funds supporting private entrepreneurship, including 113 ongoing projects worth €2.8 billion.
