Trade Profile

flag Kyrgyzstan Kyrgyzstan: Trade Profile

Foreign Trade in Figures

Kyrgyzstan is open to international trade, which accounts for 108% of GDP (World Bank – latest data available). The government's trade policy aims to further integrate the country into the global economy, giving exporters better access to local markets and encouraging product diversification. Kyrgyzstan mainly exports gold (18.2%), glass (11%), other precious metals (5.9%), vegetables and petroleum oils (4% each); whereas imports are led by petroleum oils (12.6%), knitted or crocheted fabrics (3.6%), medicaments (3%), telephones (2.8%), and motor cars (2.7% - data Comtrade 2021).

The main trading partners for exports are Kazakhstan (25.5%), Russia (22.9%), the United Kingdom (13.9%), Uzbekistan (10.7%), and Turkey (5.3%). Kyrgyzstan's main import origins are Russia (32.8%), China (26.8%), Kazakhstan (12%), Turkey (5.9%), and Uzbekistan (5.8% - data Comtrade 2021). Kyrgyzstan has been a member of the Eurasian Economic Union – which also includes Russia, Armenia, Kazakhstan and Belarus - since August 2015; and a member of the WTO since 1998. The average tariff applied is 2.3% and customs duties are limited to a maximum rate of 10% (World Bank). The country has eliminated tariffs on raw materials, equipment and certain goods that it cannot produce in sufficient quantity, in order to develop the domestic industry and secure supply for the population. Nevertheless, non-tariff barriers significantly slow down trade.

The Kyrgyz Republic has a structural trade deficit: in 2021, the country exported USD 1.6 billion worth of goods (-17.3% vis-à-vis one year earlier), whereas imports expanded by 51%, to USD 5.5 billion. In the same year, the exports of services totalled USD 522 million, against USD 711 million in imports (+18.9% and 28.1%, respectively). In 2021, the overall external balance was negative by 29.8% of GDP (up from 20.9% one year earlier – World Bank). According to preliminary data released by the Kyrgyz Ministry of Economy and Commerce, Kyrgyzstan’s exports of goods stood at USD 2.2 billion in 2022, whereas imports totalled USD 9.6 billion (-20.6% and +72.5% year-on-year, respectively).

 
Foreign Trade Indicators 20182019202020212022
Imports of Goods (million USD) 5,2924,9893,7195,5809,629
Exports of Goods (million USD) 1,8371,9861,9732,7522,187
Imports of Services (million USD) 9631,0216047401,370
Exports of Services (million USD) 8301,0834285221,271
Imports of Goods and Services (Annual % Change) 76-2839n/a
Exports of Goods and Services (Annual % Change) -316-2716n/a
Trade Balance (million USD) -2,994-2,624-1,440-2,418-6,823
Foreign Trade (in % of GDP) 999983106n/a
Imports of Goods and Services (in % of GDP) 67645268n/a
Exports of Goods and Services (in % of GDP) 32353138n/a

Source: WTO – World Trade Organisation ; World Bank - Latest available data.

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Main Partner Countries

Main Customers
(% of Exports)
2022
Russia 47.4%
Kazakhstan 18.2%
Uzbekistan 10.5%
Türkiye 6.2%
United Arab Emirates 4.5%
See More Countries 13.2%
Main Suppliers
(% of Imports)
2022
China 41.5%
Russia 24.5%
Kazakhstan 7.8%
Türkiye 5.0%
Uzbekistan 3.7%
See More Countries 17.5%

Source: Comtrade, Latest Available Data

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Main Products

2.3 bn USD of products exported in 2022
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 6.4%
Precious-metal ores and concentratesPrecious-metal ores and concentrates 5.9%
Dried leguminous vegetables, shelled, whether or...Dried leguminous vegetables, shelled, whether or not skinned or split 4.2%
Waste and scrap, of copper (excl. ingots or other...Waste and scrap, of copper (excl. ingots or other similar unwrought shapes, of remelted copper waste and scrap, ashes and residues containing copper, and waste and scrap of primary cells, primary batteries and electric accumulators) 3.9%
Cotton yarn other than sewing thread, containing >...Cotton yarn other than sewing thread, containing >= 85% cotton by weight (excl. that put up for retail sale) 3.7%
See More Products 75.9%
9.8 bn USD of products imported in 2022
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 9.0%
Knitted or crocheted fabrics, of a width > 30 cm,...Knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (excl. pile fabrics, incl. "long pile", looped pile fabrics, labels, badges and similar articles, and knitted or crocheted fabrics, impregnated, coated, covered or laminated) 5.5%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 5.5%
Base metal mountings, fittings and similar...Base metal mountings, fittings and similar articles suitable for furniture, doors, staircases, windows, blinds, coachwork, saddlery, trunks, chests, caskets or the like; base metal hat-racks, hat-pegs, brackets and similar fixtures; castors with mountings of base metal; automatic door closers of base metal 4.5%
Parts of footwear, incl. uppers whether or not...Parts of footwear, incl. uppers whether or not attached to soles other than outer soles; removable in-soles, heel cushions and similar articles; gaiters, leggings and similar articles, and parts thereof (excl. articles of asbestos) 3.7%
See More Products 71.8%

Source: Comtrade, Latest Available Data

 

To go further, check out our service Import Export Flows

 
 

Main Services

0.5 bn USD of services exported in 2021
41.49%
40.59%
7.40%
3.89%
2.86%
1.90%
1.39%
0.39%
0.11%
0.7 bn USD of services imported in 2021
71.97%
10.55%
9.29%
2.63%
2.21%
0.99%
0.96%
0.95%
0.46%

Source: United Nations Statistics Division, Latest Available Data

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Commercial Policy

International Economic Cooperation
Member of the World Trade Organization (WTO)
Member of Commonwealth of Independent States (CIS)

Member of Eurasian Economic Community (EAEC)

Assessment of Commercial Policy
Country’s commercial policy
Average Customs Duty (Excluding Agricultural Products)
6.7%
 
 

Trade Compliance

International Conventions
Member of the World Trade Organization (WTO)
International Economic Cooperation
Member of Commonwealth of Independent States (CIS)

Member of Eurasian Economic Community (EAEC)

Useful Resources
 
 
 

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Latest Update: December 2023