The Minister of National Economy of Kazakhstan Timur Suleimenov cited statistics in the field of foreign trade turnover at a Government meeting.

“Despite the negative volatility in foreign markets, foreign trade keeps the trend of steady growth. For 9 months, the growth was 21.6% (59.8 billion US dollars). Exports increased by 28.2% ($ 39.1 billion). This is mainly due to an increase in the supply of oil (growth by 45.4%), agro-industrial products (by 30.1%), oil gases (by 30.2%), aluminum (by 24.0%) and copper ores (by 12.5%),” the minister said.

Imports grew by 10.8% or $ 20.8 billion, he said. “To a greater extent grew due to imported machines and equipment. Their increase was 20.4%. Also, imports of ferrous metals increased by 15.8% and pharmaceuticals by 13.6%,” added T. Suleimenov.

The Minister of Kazakhstan said about the crediting of the economy.

“Lending to the economy continues to decline. As of November 1 of the current year, loans decreased by 2.6% and amounted to 12.8 trillion tenge. This is due to a reduction in business lending by 11.4% (to 7.6 trillion tenge). At the same time, consumer loans increased by 15.4% (to 5.2 trillion tenge),” he concluded.

“The Qazaq Times”