Mubasher: The trade surplus in Kuwait is expected to stand at KWD 6.5 billion if the first quarter’s surplus recurs and oil prices remain steady at around $50 per barrel.
Therefore, the country’s trade surplus increase would range between 40% and 50% in 2017, according to a recent report issued by Al Shall Consulting.
Kuwait’s balance of trade achieved a surplus of KWD 1.625 billion from January to March, a quarter-on-quarter decline of 4% when compared to the fourth quarter of 2016.
Al Shall said that the country’s exports during Q1-17 scored about KWD 4.165 billion, 89.2% of which were oil exports.
