Kuwait’s Trade Surplus Rises 12%

KUWAIT CITY, 30 August 2004 — Kuwait’s trade surplus rose 12 percent by mid-2004 compared its level a year ago due to an increase in oil revenues, the Central Bank of Kuwait (CBK) said yesterday. CBK said in its quarterly bulletin that trade surplus on June 30 this year reached $6.3 billion, up from $5.6 billion in mid-2003.