Imports - The Times Of Central Asia

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Foreign Trade

Kyrgyzstan Exports Recover After Sharp Fall in Gold Sales

Kyrgyzstan's exports have begun to recover after a sharp decline in 2025, when the value of its gold exports plunged by nearly three-quarters. In the first eight months of 2026, exports rose by nearly 20%. Even so, for every dollar earned from selling goods overseas, Kyrgyzstan spent more than four dollars on imports. According to a report by the National Statistical Committee of the Kyrgyz Republic, exports fell by 41.2% in 2025 to $3 billion. Imports, meanwhile, continued to grow, reaching $13.7 billion. As a result, the country spent $10.6 billion more on foreign goods than it earned from selling its own products abroad. A year earlier, the gap stood at $7.3 billion. The main reason for the decline was a sharp drop in overseas sales of gold, one of Kyrgyzstan's principal sources of export revenue. Their value fell from approximately $2.5 billion in 2024 to $683 million in 2025. Exports of other goods also fell 11.2%. Trade was also affected by weaker demand from Russia and Kazakhstan, two major markets for Kyrgyz producers, as well as temporary restrictions on exports of certain goods, including scrap metal and livestock. Kyrgyzstan's trade is closely tied to neighboring countries. It belongs to the Eurasian Economic Union, alongside Russia, Kazakhstan, Belarus, and Armenia. Members trade with one another without standard customs duties on most goods. Russia and Kazakhstan remain the largest buyers of Kyrgyz products and, together with China, supply most imports. The imbalance is particularly pronounced in trade with China. Chinese goods account for more than a third of Kyrgyzstan's total imports, while China receives only around 5% of its exports. Uzbekistan also remains an important market for Kyrgyz products. Outside the region, Switzerland and the United Kingdom are significant destinations. The downturn continued in the first half of 2026, when exports fell another 11.1% compared with the same period a year earlier. By the end of August, however, the picture had changed. Figures for the first eight months showed exports rising 19.5% to $2.3 billion. Gold exports also rebounded sharply, reaching $770.6 million, more than in the whole of 2025. Over half of that amount was exported in August alone. Imports also increased, reaching $9.7 billion. The recovery in overseas sales has therefore not yet significantly narrowed the gap between exports and imports. A trade deficit does not mean Kyrgyzstan is losing the equivalent amount from its government budget. It measures the difference between the value of goods imported into the country and those sold abroad. Imports are paid for by businesses and consumers, with funds coming from various sources, including remittances from migrant workers and investment. Services have become one of the fastest-growing areas of Kyrgyzstan's international trade, providing another source of funds for imports. According to preliminary figures, in 2025 the country earned $3.55 billion from services exports, up 20% from the previous year. Revenue from foreign visitors rose 36.9% to $1.19 billion. In international statistics, this category includes travelers' spending on accommodation, food, shopping, and other services during...

Automotive Industry

Kyrgyzstan Seeks to Increase Automobile Imports from China

On April 8, the National Investment Agency of Kyrgyzstan and A-CAR (Chuan Yi LLC) signed a memorandum on investment cooperation in the automotive industry, including the supply and sale of new Chinese cars in Kyrgyzstan and the development of service infrastructure. The Chinese company plans to establish a dealer network and open an official representative office for Central Asia. A-CAR supplies vehicles from leading Chinese and international brands and provides a full range of services, including technical maintenance, vehicle registration, and insurance. A significant portion of vehicles imported from China to Kyrgyzstan are re-exported to Russia rather than remaining in the local market. The duty-free regime for electric vehicles in Kyrgyzstan has significantly boosted imports of Chinese electric cars. As a member of the Eurasian Economic Union (EAEU), Kyrgyzstan benefits from an annual quota allowing the duty-free import of up to 15,000 electric vehicles. Sergey Tselikov, director of Russian automotive analytics agency Autostat, wrote on his Telegram channel that Kyrgyzstan remains the second-largest import channel for new passenger cars into Russia after China. He said 84% of the new passenger cars imported through Kyrgyzstan were manufactured in China, including Chinese, European, and Japanese brands. According to Autostat, Kyrgyzstan is the largest supplier of new passenger cars to Russia among EAEU member countries. In 2025, 53,600 new passenger cars were imported to Russia from Kyrgyzstan, followed by 17,100 cars from Belarus, 11,000 from Kazakhstan, and 344 from Armenia. Kyrgyzstan is also seeking to collaborate with Chinese companies to develop electric vehicle (EV) charging infrastructure. In late March, Energy Minister Taalaibek Ibrayev visited China, where he held a series of meetings with energy and technology companies involved in EV infrastructure development. Negotiations focused on cooperation in energy infrastructure, including the development of EV charging stations and energy storage systems in Kyrgyzstan. These initiatives align with government efforts to promote environmentally friendly transport and reduce air pollution in Bishkek and other major cities. The number of EVs in Kyrgyzstan has been rising steadily, with more than 200 electric vehicles imported into the country daily under a value-added tax (VAT) exemption scheme, according to official figures. Despite this growth, EVs still account for a small share of the country’s total vehicle fleet, about 0.8%, or approximately 15,200 vehicles, according to the Ministry of Natural Resources, Ecology, and Technical Supervision.

Oil Imports

Georgia May Replace Russian Oil with Imports from Turkmenistan and Kazakhstan

Georgia’s only oil refinery, owned by Black Sea Petroleum (BSP), plans to completely stop importing Russian oil and instead switch to crude supplies from Turkmenistan and, potentially, Kazakhstan. This was announced by the company’s CEO, David Potskhveria. According to Potskhveria, the shift would not only diversify supply sources but also open access to European markets. “We will completely replace Russian oil with Turkmen oil, and then with Kazakhstani oil. This will give us the opportunity to export products to the EU,” he said. The rationale is straightforward: imports of Russian petroleum products into the European Union are currently prohibited. Maintaining previous supply arrangements would effectively block access to European markets. However, switching suppliers presents logistical challenges. As Potskhveria noted, processing of Turkmen crude can begin only after transit issues through Azerbaijan are resolved. For now, logistics remain the main bottleneck. While the refinery is technically ready, implementation depends on securing reliable transport routes. The proposed move away from Russian oil follows earlier developments. In late February, the EU considered including the Kulevi port on a preliminary sanctions list due to its import and processing of Russian crude. The trigger was a shipment delivered in October 2025 by Russneft, involving approximately 105,000 tons of oil to the port of Kulevi. The shipment prompted criticism from the Georgian opposition, which accused the authorities of undermining the sanctions regime and appealed to European institutions. The Kulevi refinery is a relatively new entrant to the regional oil market. It began operations in December last year and has already outlined expansion plans. Its current processing capacity is around 1.2 million tons per year, with plans to increase this to 4.5 million tons. At present, the facility produces fuel oil, diesel, and other petroleum products. Future plans include expanding output to Euro-5 standard gasoline, jet fuel, and Eurodiesel. BSP’s international partners reportedly include Trafigura and Saudi Aramco.

Agriculture

Kyrgyzstan Sees No Grounds for Restricting Potato Imports from China

Kyrgyzstan’s Ministry of Water Resources, Agriculture, and Processing Industry has stated that there are no grounds for restricting potato imports from China. The announcement follows reports that the domestic market has been flooded with Chinese potatoes allegedly being sold as locally produced goods. In response, the ministry’s Veterinary and Phytosanitary Control Service conducted monitoring of potato sales in Bishkek and Osh. According to officials, imported Chinese potatoes are present on the market, but no confirmed cases were identified in which such products were falsely labeled as local produce. Currently, the average retail price of imported Chinese potatoes ranges from 38 to 40 soms per kilogram, while locally grown potatoes are sold at prices of around 42 to 44 soms per kilogram. The ministry also noted that Kyrgyzstan’s obligations under the World Trade Organization framework limit the scope for imposing unilateral import restrictions. Officials emphasized that agricultural trade between Kyrgyzstan and China is mutual, with Kyrgyz products also being exported to the Chinese market. In addition, the Veterinary and Phytosanitary Control Service has advised domestic potato farmers to accelerate sales of stored produce. Some producers are reportedly holding stocks in warehouses in anticipation of higher prices. However, the service believes that price increases are unlikely as the arrival of the new harvest is expected to boost supply. Officials warned that prolonged storage may lead to spoilage and financial losses. In related developments, the Ministry of Agriculture has announced the start of corn exports to China. The first shipment, totaling 25 tons, departed on March 16. The export became possible following the signing of a protocol on phytosanitary requirements for corn exports from Kyrgyzstan to China between the Kyrgyz Ministry of Agriculture and China’s General Administration of Customs. To date, two Kyrgyz enterprises have been authorized to export corn under this framework. Trade between Kyrgyzstan and China continues to expand. According to Chinese Ambassador to Kyrgyzstan Liu Jiangping, bilateral trade turnover reached $27.2 billion, representing a 20% increase and a record high. He also noted that China’s imports from Kyrgyzstan grew by 86%.

import duties

Kyrgyzstan Urges EAEU to Remove Import Duties on Key Goods

Kyrgyzstan has appealed to its partners in the Eurasian Economic Union (EAEU) to eliminate import duties on a range of socially significant goods, arguing that the measure would help ease the impact of global inflation and slow domestic price growth, according to an official government statement. The proposal was presented during a meeting of the Eurasian Economic Commission (EEC) held in Moscow on March 13. Kyrgyz officials stressed that the country’s economic conditions differ markedly from those of the bloc’s larger member states, making more flexible trade mechanisms necessary. The initiative covers goods considered critical for food security, including flour, vegetable oil, fruits and vegetables, as well as cocoa powder used in the confectionery industry. Authorities in Bishkek believe that removing import duties on these items would lower procurement costs and reduce the transmission of global price increases to the domestic market. “We are seeing rising inflation worldwide, including for the goods we import, particularly agricultural products. In effect, when we import goods at higher prices, we are also importing inflation. Eliminating duties will help reduce the cost of these products,” said Elimbek Kanybek uulu, head of the EAEU Coordination Department, at a press conference in Bishkek. The full list of goods eligible for preferential treatment, along with import volume thresholds, is expected to be published within a month after the EEC formally approves the decision. According to Kanybek uulu, Kyrgyzstan has previously sought similar temporary measures for meat imports. At that time, the suspension of duties contributed to a reduction of around 10% in the price of imported meat. Food security remains a major policy priority. President Sadyr Japarov has said that Kyrgyzstan is currently self-sufficient in six of the nine staple food items included in the national food basket. The government plans to gradually expand domestic production of the remaining products, including flour, vegetable oil, and certain types of fruit. Analysts say future food price dynamics in Kyrgyzstan will depend on both global commodity trends and decisions within the EAEU regarding trade preferences and tariff policy.

Agriculture

Kazakhstan Extends Ban on Chicken Egg Imports to Support Domestic Producers

Kazakhstan has decided to extend a ban on chicken egg imports in an effort to support domestic poultry producers. The restriction will also apply to imports from member states of the Eurasian Economic Union (EAEU), despite the absence of customs borders within the bloc. The decision was made during a meeting of the Interdepartmental Commission on Foreign Trade and Participation in International Economic Organizations, chaired by Deputy Prime Minister and Minister of National Economy Serik Zhumangarin. The commission reviewed several key issues affecting the country’s food security and economic policy. “An import ban on chicken eggs will be introduced for six months, including imports from EAEU countries. The relevant order will be adopted by the Ministry of Agriculture,” the government press service said following the meeting. According to the government, Kazakhstan currently has 70 poultry farms, including 34 specializing in egg production, 29 focused on meat production, and seven engaged in breeding and reproduction. In 2025, domestic production of chicken eggs increased by 2.4% to reach 4.57 billion eggs. As a result, local production now covers approximately 98% of domestic demand. Kazakhstan previously introduced temporary restrictions on egg imports in December 2025, when the Ministry of Agriculture imposed a one-month ban on imports of fresh chicken eggs. That measure expired on January 11, 2026. Earlier, a similar restriction had already been in place from April 2025 for six months. Taken together, these measures effectively closed Kazakhstan’s egg market to imports for more than a year. The commission also reviewed the possibility of introducing restrictions on potato exports. After assessing domestic market conditions, however, officials decided not to impose export limits. According to the government, stabilized prices and sufficient domestic supply make it possible to maintain potato exports without additional restrictions. At the same time, requirements for exporters seeking beef export quotas will be eased. The decision takes into account the government’s Comprehensive Livestock Development Plan, which aims to increase Kazakhstan’s cattle population from 7.9 million to 12 million head. The program also seeks to expand Kazakhstan’s beef export potential and open new foreign markets. The Ministry of Agriculture will amend the existing quota distribution rules accordingly. Meanwhile, authorities decided to extend the ban on the export of breeding livestock, including female cattle, as well as young bulls, in order to preserve breeding stock and ensure sufficient supply for domestic meat processors. The restriction also applies to exports to EAEU member states. As previously reported by The Times of Central Asia, Kazakhstan increased revenue from agricultural exports by more than one-third in 2025 compared to 2024.