BISHKEK, Kyrgyzstan, November 2. The foreign trade turnover of enterprises with foreign investment in Kyrgyzstan reached $3 billion in 2023, representing a decrease of 2.7 percent compared to 2022.
Data obtained by Trend from the Kyrgyz Statistical Committee indicates that the enterprises accounted for 19.1 percent of Kyrgyzstan's total trade turnover.
Moreover, the data indicates a negative trade balance of $1.3 billion, an improvement from $1.9 billion in 2022.
Exports from enterprises with foreign investment rose by an impressive 36.4 percent in 2023, reaching $850.6 million. Deliveries to CIS countries increased by 10.4 percent, while exports to non-CIS countries surged by 1.8 times.
Notably, CIS countries accounted for 52.7 percent of the export volume, while non-CIS countries represented 47.3 percent.
Import revenues for enterprises with foreign investment totaled $2.2 billion in 2023, reflecting a decline of 12.5 percent compared to 2022. Imports from CIS countries decreased by 17.6 percent, while imports from non-CIS countries fell by 5.8 percent.
The share of imports from CIS countries was 53.9 percent, compared to 46.1 percent from non-CIS countries.
The statistics committee notes that key drivers of export growth included supplies of glass, clothing, and textiles, as well as ore and precious metal concentrates. In contrast, imports were bolstered by the supply of bread, chocolate, and pharmaceutical products.
The primary trading partners for enterprises with foreign investment in Kyrgyzstan from 2019 through 2023 included Russia, Kazakhstan, China, Uzbekistan, the US, and Türkiye.
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.