18.Jun .2021 22:30

Kazakhstani Exports to Grow to $56.2 Billion in 2021

Kazakhstani Exports to Grow to $56.2 Billion in 2021
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The National Bank of Kazakhstan predicts growth of Kazakhstani exports by more than 20% at the end of 2021.   

According to the Bank’s baseline forecasts, the export of goods will increase by 20.2% to $ 56.2 billion, Kazakhstan Today reports. 
 
According to the information, the growth in the export of goods will be provided due to the growth in prices for the main goods of Kazakhstan's export: oil, ferrous and non-ferrous metals, gas, uranium and grain, due to the recovery in global demand.   
 
Imports will grow by 5.3%, to $ 38.1 billion.   
 
The current account deficit at an oil price of $ 60 / bbl will almost halve - from $ 6.3 billion in 2020 to $ 3.6 billion in 2021.   Moreover, with an average annual price of $ 65 / bbl, the deficit, according to the regulator, will decrease even more - four times to $ 1.5 billion in 2021, and if this price remains and higher in 2022, it will lead to almost zero deficit at the end of the year.