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Kazakhstan sharply reduces exports

Business Materials 1 March 2016 17:43 (UTC +04:00)
Exports of goods for the nine months of 2015 decreased by 42.4 percent - to $35.7 billion in Kazakhstan
Kazakhstan sharply reduces exports

Baku, Azerbaijan, March 1

By Elena Kosolapova - Trend:

Exports of goods for the nine months of 2015 decreased by 42.4 percent - to $35.7 billion in Kazakhstan, according to the information published on the website of the National Bank of Kazakhstan.

"Decrease in the value of exports was mainly due to a reduction in the supply of mineral commodities by 47.9 percent to $26.4 billion," the message said.

In Jan.-Sept. 2015, the quantitative supply of crude oil in Kazakhstan decreased by 5.3 percent in comparison with the same period in 2014 - to 48.7 million tons.

In monetary terms, exports of oil and gas condensate decreased from $42.726 billion in Jan.-Sept.2014 to $21.834 billion in Jan.-Sept. 2015.

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