Kuwait’s ex­ports de­creased 9.5 per­cent in July-Sept: CSB

Kuwait Times - - LOCAL -

Kuwait’s ex­ports reached KD 3.624 bil­lion for the third quar­ter of 2016, a de­crease of 9.5 per­cent com­pared with the same pe­riod of 2015, said Cen­tral Sta­tis­ti­cal Bureau (CSB). Im­ports were KD 2.239 bil­lion in the third quar­ter of 2016 with a one per­cent de­crease com­pared with Ju­lySeptem­ber 2015, the bureau added in a press state­ment yes­ter­day.

In July-Septem­ber 2016, bal­ance of trade was KD 1.385 bil­lion, while it was KD 1.741 bil­lion in Ju­lySeptem­ber 2015 with a 20.5 per­cent de­crease, the state­ment showed. In the same pe­riod, vol­ume of trade de­creased 6.4 per­cent com­pared with the third quar­ter of 2015. Trade was KD 5.862 bil­lion in July-Septem­ber 2016, while it was KD 6.265 bil­lion in July-Septem­ber 2015, it said.

Cover­age rate was 161.9 per­cent in July-Septem­ber 2016, while it was 177 per­cent in July-Septem­ber 2015. In the third quar­ter of 2016, cover­age rate (ex­clud­ing oil) was 16.1 per­cent com­pared with 17.8 per­cent in the third quar­ter of 2015, it made clear.

For July-Septem­ber 2016, the top cat­e­gories for ex­ports were “Min­eral fu­els and oils” (KD 3.263 bil­lion) with share of 90 per­cent and then “Or­ganic chem­i­cals” (KD 105.9 mil­lion) 2.9 per­cent, it noted.

In July-Septem­ber 2016, the main part­ner coun­try for non-oil ex­ports was In­dia, reach­ing KD 58.1 mil­lion. For ex­ports, In­dia was fol­lowed by Saudi Ara­bia (KD 43.7 bil­lion), UAE (KD 41 mil­lion) and China (KD 40.1 mil­lion), it ex­plained. The top coun­try for Kuwait’s im­ports was China (KD 336.8 mil­lion), records for im­ports range from United States of Amer­ica (KD 227.2 mil­lion), UAE (KD 180 mil­lion) and Ja­pan (KD 147.2 mil­lion), the state­ment said.

As com­pared with the same quar­ter of the pre­vi­ous year, ex­ports to the GCC coun­tries were KD 110.9 mil­lion, while it was KD 123.1 mil­lion, and de­creased by 9.9 per­cent, it said. The share of the GCC coun­tries was 3.1 per­cent in July-Septem­ber 2016, while it was also 3.1 per­cent in Ju­lySeptem­ber 2015. Dur­ing the same pe­riod, 27.7 per­cent of im­ports prod­ucts were In­dus­trial sup­plies. As com­pared with the same pe­riod of the pre­vi­ous year; In­dus­trial sup­plies in­creased 5.7 per­cent and Cap­i­tal goods in­creased by 19.9 per­cent, the state­ment con­cluded. — KUNA

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