Kyrgyzstan Import Data

Kyrgyzstan's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Kyrgyzstan's major trading partners include China, Russia, Kazakhstan, and Turkey, reflecting its pivotal role in regional trade dynamics.

• Top Imports: The country's top imports include machinery, vehicles, gold, and pharmaceuticals, which together account for a significant portion of its total import volume.

• Top Exports: Kyrgyzstan's leading exports are gold, silver, textiles, and agricultural products, with gold making up a substantial part of its export earnings.

• Trade Balance: Kyrgyzstan faces a trade deficit, mainly due to its high imports of machinery and oil, which outstrip its exports, a situation influenced by its industrial and energy needs.

• Trade Policies: The country adheres to the rules set by the Eurasian Economic Union, promoting tariff-free trade within the bloc but applying tariffs on imports from outside the union.

Domestic Market

• Consumer Spending: Consumer spending in Kyrgyzstan is on the rise, driven by increases in disposable income and a growing middle class, although it is tempered by high levels of inflation.

• Inflation & Interest Rates: Inflation rates have been a concern, prompting the central bank to adjust interest rates to curb price hikes and stabilize the economy.

• Supply Chain Situation: The domestic supply chain has been improving, with a focus on enhancing logistics and reducing import dependency, especially in the agricultural sector.

• Industry Performance: The mining and agricultural sectors are key contributors to the economy, with growing interests in the tech and service industries, showcasing a diversification trend.

Overall Outlook