(MENAFN- Qatar News Agency) Kuwait's trade surplus in 2013 would account for about 50 percent of Gross Domestic Product (GDP), a specialized economic report forecasted.
The National Bank of Kuwait report, cited by Kuwait News Agency (KUNA), described the projected surplus drop as limited compared with that of 2012
It noted that the trade surplus in the first quarter of 2013 nosedived by KD 1.1 billion to KD 5.9 billion against that of the corresponding period of last year
The NBK attributed the decline to a rise in the value of imports and decline in the exports revenues
The surplus, however, is still considered high on the international scale, it added
The report revealed that the oil exports' revenues have retreated by 13 percent in the first quarter of the year compared with that of last year whereas the imports grew only by three percent.
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