• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09154 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
11 February 2025

Viewing results 1 - 6 of 23

Drop in Uzbekistan’s Exports to Central Asia

Local media has reported that from January - August, Uzbekistan's exports to its four neighboring countries decreased, compared to the same period in 2023. According to data from the  Statistical Agency data, exports to Kazakhstan dropped from 950 million USD to 872 million USD; to Kyrgyzstan, from 491 million USD to 365 million USD; to Tajikistan, from 389 million USD to 329 million USD, and to Turkmenistan, from 118 million USD to 78 million USD. The share of Central Asian countries in Uzbekistan's total foreign trade turnover (FTT) in the first nine months of 2023 was 11.5%. The total FTT was worth 40 billion 45 million USD, of which 4 billion 574.3 million USD were with Central Asian countries. This year, it has decreased to 10.3%, meaning 4 billion 400.6 million USD of FTT of 42 billion 703.3 million USD are with CA countries. The Ministry of Investments, Industry, and Trade attributed the drop to an increase Uzbekistan's exports to international markets with high purchasing power, especially Europe, Arab countries, Southeast Asia, and the Americas, and explained, " due to diversification, the volume of exports to neighboring countries, which are considered a traditional market, decreased. In particular, the volume of exports to Kazakhstan decreased by 8.3%, to Kyrgyzstan by 25.6%, to Tajikistan by 15.3%, and to Turkmenistan by 36.2%."

Kazakhstan Leads Central Asia in Global Knowledge Index

Kazakhstan performed best among Central Asian countries in the 2024 Global Knowledge Index, conducted by the United Nations Development Program in cooperation with the Mohammed bin Rashid Al Maktoum Knowledge Foundation. The country takes a respectable 74th place out of 133 countries; however, Kazakhstan is 60th out of the 61 countries with very high human development. The index considers seven indicators covering the countries' education, information and communication technology, and economic sectors. Uzbekistan is in 78th place, and the country ranks 14th out of 28 countries with high human development. Kyrgyzstan has a modest knowledge infrastructure. It is 84th in this rating and is a medium indicator of the country's knowledge infrastructure. The country ranks 5th out of 25 countries with medium human development. Tajikistan records the lowest result among the region's countries in the Global Knowledge Index. With 36.1 points, it takes 111th place among the 133 countries. Regarding medium human development, the country shows the same result as Kyrgyzstan.

Uzbekistan Leads Central Asia in World Happiness Report

The World Population Review has announced this year's list of the happiest countries in the world. Since 2002 the World Happiness Report has used statistical analysis to determine the probable wellbeing of countries. To determine the happiest country in the world, researchers analyzed Gallup poll data collected from 143 countries over the past three years. The index looks at six categories: gross domestic product per capita, social support, life expectancy, freedom to make life choices, generosity of the general population, and perceptions of internal and external corruption levels. The seven happiest countries in the world for 2024 are all in Europe, with six of them being in Northern Europe. Finland is in first place, followed by Denmark, Iceland, Sweden, Israel, the Netherlands, and Norway. Afghanistan ranked as the least happy country in 2024, placing 143rd. This is due to factors like low life expectancy, low GDP per capita, and the impact of the Taliban takeover. Uzbekistan takes 47th place in the ranking and is the happiest country in Central Asia. Kazakhstan is next, in 49th place overall, falling from 44th last year. Kazakhstan’s relatively slow population growth will allow the country to continue makihttps://timesca.com/uzbekistan-leads-central-asia-in-world-happiness-report/ng economic progress and reduce poverty in the coming decades. Tajikistan ranks 88th on the list. The World Happiness Report says: “Tajikistan’s population boom threatens its economy and resources. The government has implemented laws in the past to encourage contraception, and while this has helped bring down the birth rate, the country still has a long way to go.” The report doesn’t provide information about Kyrgyzstan and Turkmenistan this year. According to the most recent data for them, Turkmenistan was 78th in 2022, and Kyrgyzstan was 62nd in 2023.

Kyrgyzstan Reports Price Increases for Consumer Goods

According to the National Statistical Committee of Kyrgyzstan, prices for meat, alcoholic beverages, and tobacco products have risen significantly. The largest price increases were observed in Bishkek and the Issyk-Kul region. “Prices for alcoholic beverages and tobacco products, food products, and tariffs for services rendered to the population have increased. At the same time, prices for food products and non-alcoholic beverages decreased,” Deputy Chairman of the Statistical Committee Baktybek Shokenov told a press conference in Bishkek. He said prices fell for fresh fruits and vegetables, cereals, raw milk, eggs, and vegetable oil in the first eight months of 2024. On the contrary, prices for meat, fish, potatoes, salt, rice, cottage cheese, flour of the highest grade, pasteurized milk, sugar, and butter increased significantly. Kyrgyz people have recently complained about a sharp rise in meat prices. Some reports say they have risen by 100 KGS ($1.2) per kilo in six months. The main reason for the sharp rise in meat prices is increased exports; because Kyrgyz meat prices abroad are higher than domestic prices, domestic prices are also rising. Most meat products are exported to neighboring Uzbekistan. Today, a kilogram of beef costs about 650-680 KGS ($8) in the bazaar, although half a year ago, it cost 550-600 KGS ($6-6.5).

Why Kyrgyzstan and China Are Reporting Different Figures on Bilateral Trade

At a press conference in Bishkek, Azamat Jumabekov, a representative of Kyrgyzstan's Chamber of Commerce and Industry, explained the significant difference in Kyrgyzstan-China trade statistics reported by Kyrgyz and Chinese authorities. According to Jumabekov, this happens because significant parts of goods that arrive in Kyrgyzstan from China are intended for further transit to other countries. Still, the owners register their goods as exports to Kyrgyzstan; hence, the Chinese statistics are incorrect. For instance, according to the National Statistical Committee of Kyrgyzstan, the volume of Chinese goods imported to Kyrgyzstan in 2023 was $5.4 billion; the Chinese Customs Administration reported the figure as $19.7 billion. Kyrgyz statistics show that in the first half of this year, Kyrgyzstan imported $3.1 billion worth of Chinese goods, a 42.5% increase compared to the same period last year. According to the Chinese Customs Administration, in the first half of 2024, China exported goods worth $9.4 billion to Kyrgyzstan and imported $95.5 million. According to Chinese statistics, China's trade turnover with Central Asian countries increased by 11.3% in the first half of 2024 compared to the same period in 2023, reaching $44.32 billion. Trade with Kazakhstan increased by 19.4%, amounting to $21.7 billion. Trade with Uzbekistan increased by 2.5%, amounting to $6.25 billion. Trade with Tajikistan decreased by 14.2%, amounting to $1.81 billion. Trade with Turkmenistan decreased by 4.9%, amounting to $5.28 billion. During the first half of 2024, China's exports to Central Asian countries increased by 14.6% to $30.21 billion. Exports from Central Asia to China increased by 4.8% to $14.11 billion. Turkmenistan was the only exception, showing a positive balance in trade with China. Exports to China amounted to $4.82 billion (mainly Turkmen natural gas), while imports from China amounted to $460.2 million.