Kuwait City – Kuwait’s trade surplus increased for the second consecutive quarter in Q3 of 2016 and reached KWD 1.4 billion (USD 4.572 billion) due to the continuous recovery of oil prices, according to data made public this Monday (2) by the National Bank of Kuwait and published by news outlet Kuna.
The bank expects the surplus to increase further since estimates point to the price of commodity to continue to recover. Kuna pointed out that average prices followed an upward trend in Q4 of last year and that this movement should persist in the coming months with the cut in output by members and non-members of the Organization of the Petroleum Exporting Countries (OPEC).
Translated by Sérgio Kakitani
