Kazakh trade surplus shrank to USD 1800 million in November of 2018 from USD 1852.2 million in the same month a year ago. Imports surged 5.2 percent to USD 2880.8 million while exports advanced 2.0 percent to USD 4681.2 million. Considering the first eleven months of 2018, the trade surplus widened to USD 25 billion from USD 16.5 billion a year ago, as exports jumped 26.4 percent to USD 54.7 billion. Sales were boosted by mineral products (74.4% of total shipments); metals and articles thereof (14%) and products of animal and vegetable origin (4.9%). Meantime, imports rose at a slower 11.1 percent to USD 29.7 billion, driven by purchases of machinery, equipment, vehicles and tools (40.3% of total imports); chemicals and allied industries products (16%) and metals and articles of them (12.6%).The main exports partners were Italy (19.5% of total sales) and the Netherlands (10.4%) whereas the leading import partners were Russia (37.3% of total purchases) and China (16.7%). Balance of Trade in Kazakhstan averaged 1488.27 USD Million from 1998 until 2018, reaching an all time high of 6771.90 USD Million in June of 2011 and a record low of -22.10 USD Million in November of 1998.
Balance of Trade in Kazakhstan is expected to be 3063.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Kazakhstan to stand at 1100.00 in 12 months time. In the long-term, the Kazakhstan Balance of Trade is projected to trend around 3380.00 USD Million in 2020, according to our econometric models.