Kuwait’s trade surplus falls to USD65.49b in 2014

21 Apr 2015

(MENAFN) The Kuwaiti trade surplus recorded an 18 percent decline, hitting USD65.49 billion in 2014 due to decreasing oil prices, according to the National Bank of Kuwait (NBK), Kuwait News Agency reported.

In addition to the falling oil prices, the bank said that a decrease in non-oil exports also contributed in the fall; earnings from oil exports decreased by 12 percent and reached USD88.64 billion.

However, non-oil exports went down to USD4.6 billion, marking a 6.3 percent decrease in 2014. The fall was chiefly motivated by the fall in ethylene prices.

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