Kyrgyzstan Remains Import-Dependent

At a press conference on April 11, Minister of Economy and Commerce of the Kyrgyz Republic Daniyar Amangeldiev reported that amounting to $2.255 billion in January- February, Kyrgyzstan’s foreign trade turnover had increased by a 28.3% compared to the previous year.

Kyrgyzstan’s exports increased by 18.4% to $307.5 million and imports rose by 30%, to $1.947 billion.

At the beginning of the year, Kyrgyzstan’s trade with fellow members of the Eurasian Economic Union (EAEU) — Armenia, Belarus, Kazakhstan, and Russia — amounted to $482.7 million, illustrating a fall of 17.9% compared to the same period in 2023. Most of the country’s trade with the EAEU was with Russia (69.4%) and Kazakhstan (28.2%).

Compared to January-February 2023, Kyrgyzstan’s trade with other countries grew 1.5-fold and reached $1.8 billion.

Avatar

Times of Central Asia