Minister of National Economy of the Republic of Kazakhstan Timur Suleimenov noted an increase in exports.
“Exports have grown by 28.2% ($39.1 billion). This is due to the increase in deliveries of oil by 45.4%, agricultural products by 30.1%, oil gases by 30.2%, aluminum by 24%, and copper ores by 12.5%,” the minister said at the government session.
He mentioned there was also an import growth.
“Imports have increased by 10.8% ($20.8 billion). They increased mainly as a result of imported investment goods (machinery and equipment), reaching 20.4%. Besides, imports of ferrous metals and pharmaceuticals rose by 15.8% and 13.6%, respectively,” Suleimenov said.
According to him, there is a stable growth in the foreign trade turnover.
“Given the favorable external situation in the global commodity markets, the foreign trade turnover remains in the trend of sustainable growth. In 8 months the growth was 21.6% ($59.8 billion),” the minister underlined.
In addition, he informed that as of September 1 the overall amount of loans has decreased by 0.1% YoY reaching KZT 13 trillion.
“The decline is mostly due to business loans (a 2.1% decrease to KZT 8 trillion). At the same time, consumer loans have increased by 10.7% (KZT 5 trillion),” the minister added. (Kazinform/Business World Magazine)