BISHKEK, Kyrgyzstan, November 2. The total turnover of wholesale and retail trade in Kyrgyzstan, including automobile and motorcycle repair enterprises with foreign investments, reached 260.7 billion soms ($3 billion) in 2023, accounting for 18.8 percent of the total industrial output.
Data obtained by Trend from the Kyrgyz Statistical Committee indicates that among enterprises with foreign investments, wholesale trade (excluding the trade of cars and motorcycles) accounted for a significant share of 32.6 percent.
Additionally, a substantial portion of the turnover from enterprises with foreign investments—96.9 percent—was concentrated in Bishkek.
To note, a total of 4,264 enterprises with foreign investments were operating in Kyrgyzstan in 2023, with 72 percent fully owned by foreign capital. The number of enterprises with foreign investments increased by 22.7 percent compared to 2019 and by 21.3 percent compared to 2022.
In 2023, the inflow of foreign direct investments (excluding outflows) directed towards enterprises with foreign investments amounted to $844.9 million, which is 29.7 percent less than in 2022 and 21.5 percent less than in 2019.
Meanwhile, the majority of foreign direct investments (86.8 percent) were directed towards mining enterprises, manufacturing, financial intermediation, and insurance, as well as wholesale and retail trade (88.5 percent in 2022 and 50 percent in 2019).