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Kyrgyzstan boosts imports of passenger cars from South Korea

Kyrgyzstan Materials 6 February 2024 17:55 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, February 6. Kyrgyzstan imported 46,357 passenger cars from South Korea for $398.461 million from January through November 2023, Trend reports.

Data from Kyrgyzstan’s State Statistical Committee indicates that the volume of imports rose by 6.3 times compared to the same period in 2022 (7,342 cars). The value increased by 7.5 times compared to the 11 months of 2022, when it amounted to $52.900 million.

In the ranking of countries from which Kyrgyzstan imported passenger cars from January through November 2023, South Korea holds the second position. The largest number of cars imported to Kyrgyzstan was from China—60,058 cars for $939.254 million. Following South Korea was Russia (13,412 cars valued at $131.243 million), the US (10,958 cars valued at $191.457 million), and Japan (8,615 cars valued at $188.253 million).

Overall, Kyrgyzstan imported 157,292 passenger cars, valued at over $2.375 billion, from January through November 2023. The import volume surged by 4.6 times compared to the same period in 2022 (33,895 cars), and the value increased year-on-year by 5.5 times ($425.525 million in January–November 2022).

Kyrgyzstan's foreign trade turnover reached $13.917 billion from January through November 2023, which is a 29-percent increase compared to the same period in 2022 ($10.787 billion).

Kyrgyzstan's exports totaled $2.807 billion, which is a 36.7 percent growth compared to the corresponding period in 2022 ($2.054 billion). The country's imports amounted to $11.109 billion, increasing by 27.2 percent compared to the same period in 2022 ($8.732 billion).

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