Kazakhstan Current Account Swings to Surplus in Q2

2026-08-10 08:20 By Jereli Escobar 1 min. read

Kazakhstan’s current account recorded a surplus of USD 3.0 billion in the second quarter of 2026, shifting from a USD 2.5 billion deficit in the corresponding period of the previous year, preliminary estimates showed.

The trade surplus widened to USD 11.0 billion in Q2 2026 from USD 2.9 billion in the same period last year, as exports climbed 38.8%, while imports increased at a softer pace of 2.4%.

Meanwhile, the services account deficit narrowed to USD 0.2 billion from USD 0.3 billion.

The secondary income account deficit also narrowed to USD 21.6 million from USD 106.1 million.

In contrast, the primary income account deficit widened to USD 7.7 billion from USD 5.0 billion.



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Kazakhstan Current Account Swings to Surplus in Q2
Kazakhstan’s current account recorded a surplus of USD 3.0 billion in the second quarter of 2026, shifting from a USD 2.5 billion deficit in the corresponding period of the previous year, preliminary estimates showed. The trade surplus widened to USD 11.0 billion in Q2 2026 from USD 2.9 billion in the same period last year, as exports climbed 38.8%, while imports increased at a softer pace of 2.4%. Meanwhile, the services account deficit narrowed to USD 0.2 billion from USD 0.3 billion. The secondary income account deficit also narrowed to USD 21.6 million from USD 106.1 million. In contrast, the primary income account deficit widened to USD 7.7 billion from USD 5.0 billion.
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Kazakhstan Current Account Deficit Widens in Q1
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Kazakhstan Current Account Deficit Widens in Q4
Kazakhstan’s current account posted a deficit of USD 4.82 billion in the fourth quarter of 2025, widening from USD 3.90 billion in the same period a year earlier, according to preliminary estimates. The services deficit increased to USD 0.36 billion from USD 0.29 billion in Q4 2024, while the trade surplus shrank sharply to USD 0.40 billion from USD 2.40 billion. In contrast, the primary income deficit narrowed to USD 4.87 billion from USD 5.88 billion, while the secondary income balance shifted to a modest surplus of USD 4.2 million from a deficit of USD 131.5 million.
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