flag Kyrgyzstan Kyrgyzstan: Trade Profile

Foreign Trade in Figures

Kyrgyzstan is open to international trade, which accounts for 83% 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 (53%), other precious metals (6.5%), vegetables (3.3%), and petroleum oils (2.4%); whereas imports are led by petroleum oils (12 %), medicaments (5.3%), telephones (3.9%), and petroleum gas (1.8% - data Comtrade).

The main trading partners for exports are the United Kingdom (53.1%), Kazakhstan (12.3%), Russia (11.7%), Uzbekistan (8.2%), and Turkey (3.7%). Kyrgyzstan's main import origins are Russia (32.2%), China (21.7%), Kazakhstan (12.8%), Turkey (5.7 %), and Uzbekistan (5.6%). 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%. 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 2020, the country exported USD 2 billion worth of goods (same as the previous year), whereas imports contracted by 26%, to USD 3.7 billion. In the same year, the exports of services totalled USD 439 million, against USD 555 million of imports (both indexes were down by more than 50% year-on-year). The overall external balance was negative by 20.3% of GDP (down from 28.9% one year earlier – World Bank). According to preliminary data released by the Kyrgyz Ministry of Economy and Commerce, Kyrgyzstan’s foreign trade turnover reached USD 6.8 billion – 19.5% more than in 2020.

 
Foreign Trade Indicators 20162017201820192020
Imports of Goods (million USD) 3,9194,4955,2924,9893,688
Exports of Goods (million USD) 1,5451,7641,8371,9862,006
Imports of Services (million USD) 9779019461,006555
Exports of Services (million USD) 8648168131,080439
Imports of Goods and Services (Annual % Change) -1776-24
Exports of Goods and Services (Annual % Change) -46-316-18
Trade Balance (million USD) -2,136-2,410-2,994-2,624n/a
Foreign Trade (in % of GDP) 106101999983
Imports of Goods and Services (in % of GDP) 7066676452
Exports of Goods and Services (in % of GDP) 3634323531

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

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Main Partner Countries

Main Customers
(% of Exports)
2020
United Kingdom 53.1%
Kazakhstan 12.3%
Russia 11.7%
Uzbekistan 8.2%
Turkey 3.7%
See More Countries 11.0%
Main Suppliers
(% of Imports)
2020
Russia 32.2%
China 21.7%
Kazakhstan 12.8%
Turkey 5.7%
Uzbekistan 5.6%
See More Countries 21.9%

Source: Comtrade, Latest Available Data

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Main Products

1.9 bn USD of products exported in 2020
Gold, incl. gold plated with platinum, unwrought...Gold, incl. gold plated with platinum, unwrought or not further worked than semi-manufactured or in powder form 53.0%
Precious metal ores and concentratesPrecious metal ores and concentrates 6.5%
Dried leguminous vegetables, shelled, whether or...Dried leguminous vegetables, shelled, whether or not skinned or split 3.3%
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 2.4%
Float glass and surface ground or polished glass,...Float glass and surface ground or polished glass, in sheets, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked 1.4%
See More Products 33.4%
3.4 bn USD of products imported in 2020
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 12.0%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses incl. those in the form of transdermal administration or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 5.3%
Electrical apparatus for line telephony or line...Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof 3.9%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 1.8%
Tubes, pipes and hollow profiles e.g., open seam...Tubes, pipes and hollow profiles e.g., open seam or welded, riveted or similarly closed, of iron or steel (excl. of cast iron, seamless tubes and pipes and tubes and pipes having internal and external circular cross-sections and an external diameter of > 406,4 mm) 1.6%
See More Products 75.4%

Source: Comtrade, Latest Available Data

 

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To go further, check out our service Import Export Flows

 

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List of tariffs and local taxes that apply to your product on our service Customs duties

 

Trade Compliance

International Conventions
Member of World Trade Organisation
International Economic Cooperation
Member of Commonwealth of Independent States (CIS)

Member of Eurasian Economic Community (EAEC)

Useful Resources
National Organisation of Intellectual Property
The State Intellectual Property Service of the Kyrgyz Republic (Kyrgyzpatent).
 
 
 

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Latest Update: May 2022

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