Kazakhstan breaks record in exports revenue

Kazakhstan breaks record in exports revenue

Kazakhstan once again broke the record for export revenues. Analysts of the First Credit Bureau calculated that in June alone the country sold goods worth eight billion in US currency, which is 45 percent more than the indicators of the previous year. Moreover, experts explained that such high rates were mainly achieved as a result of the increase in oil exports. The crude oil supplies to such countries as Italy, South Korea, France and the United Kingdom grew significantly. Analysts also observe growth in sales revenue of chemical products, coal and various metals. As for imports, expenditures surged 10.5 percent in a month. Kazakhstan purchased goods from abroad for over US$4.3 billion in July. Growth was recorded in several commodity groups, including cell phones, vehicles and communication equipment.