Mubasher: Kuwait’s trade balance surplus declined by 8% year-on-year over the first eight months of 2019, according to official figures.
Kuwait ran a total trade surplus of KWD 6.52 billion ($21.50 billion) in the eight-month period to August, compared with KWD 7.08 billion ($23.34 billion) in the same period the year before, Central Statistical Bureau (CSB) said.
This was ascribed to a 6.3% fall of Kuwait’s exports, which totalled KWD 13.34 billion over the reported period, versus KWD 14.23 billion in the year-earlier period.
Partially offsetting the drop of exports, imports fell by 4.6% year-on-year to KWD 6.82 billion.
The state-run statistics agency said that Kuwait saw the biggest trade surplus in April at KWD 956.44 million, whereas the lowest trade surplus level was seen at KWD 700.19 million last July.
