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.