News 2014
May, 2014Export
Kazakhstan has lost $1.2 billion due to reduction of oil exports. This was declared by the General director of “Center for development of trade policy” JSC of the Ministry of Economy and Budget Planning of the RoK, Ruslan Sultanov. “In terms of imports-exports dynamics, we have seen a slight drop in exports compared to the year 2012”.
The main reason is the reduction of prices on oil exported from Kazakhstan by about 2%. Given that the export of oil, gas etc. is about 60-70%, which is a very significant part of the exported goods, reduction of exported oil by only 2% has reduced the overall level of export revenue for $ 1.2 billion”, Sultanov said during the briefing at the Services of Central Communications.
According to his words, comparison of periods before the Customs union, i.e. year 2009, and the results of the year 2013 shows growth of export by 63%. In addition, today the export of processed products to the Customs union countries amounted to approximately 54%, comparing to the previous 44%.