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 a Surplus in Q3
Kazakhstan’s current account posted a surplus of USD 0.8 billion in the third quarter of 2026, reversing a deficit of USD 3.7 billion in the same period of the previous year, according to preliminary estimates. The turnaround was primarily driven by a widening trade surplus, which more than doubled to USD 8.0 billion from USD 3.0 billion in Q3 2025, as exports increased by 24.1% while imports declined by 0.8%. The secondary income account also shifted to a surplus of USD 0.1 billion, compared with a deficit of USD 20.5 million a year earlier. These improvements were partly offset by a widening primary income deficit, which increased to USD 6.9 billion from USD 6.6 billion, while the services account deficit rose to USD 0.5 billion from USD 0.1 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’s current account widened to USD 1.79 billion in the first quarter of 2026 from USD 1.04 billion in the corresponding quarter of the previous year, according to preliminary estimates. The trade surplus narrowed to USD 4.27 billion from USD 4.83 billion, as imports (9.0%) rose much faster than exports (3.6%). At the same time, the primary income deficit expanded to USD 5.90 billion from USD 5.57 billion. Meanwhile, the services gap fell to USD 0.25 billion from USD 0.33 billion, and the secondary income surplus edged up to USD 0.09 billion from USD 0.04 billion.
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