Kyrgyzstan’s foreign trade turnover for 2024 reached $16bn, marking a 0.9% increase compared to the previous year. In 2023, trade turnover stood at $15.9 bn. However, the country’s trade balance remained negative with a deficit of around $8.4bn, according to the National Statistics Committee.
Exports saw significant growth, rising by 13.1% to $3.8bn, while imports increased by 2.4%, totaling $12bn.
The Eurasian Economic Union (EAEU) played a notable role in Kyrgyzstan's foreign trade, with mutual trade between Kyrgyzstan and EAEU member states accounting for 31.1% of the total turnover. Of this, 38.6% of exports and 28.8% of imports came from EAEU countries.
Foreign trade with countries outside the EAEU represented 68.9% of Kyrgyzstan’s trade turnover, with 61.4% of exports and 71.2% of imports coming from third countries.
Trade within the Commonwealth of Independent States (CIS) experienced positive growth, reaching $6bn in 2024, marking a $600mn increase from the $5.4bn recorded in 2023. The share of the CIS countries in Kyrgyzstan's total foreign trade was 37.4%, with Russia and Kazakhstan being the major contributors.
Russia, as Kyrgyzstan's largest trading partner, experienced an increase in trade turnover of 14.4%, amounting to over $3.5bn.
Kyrgyzstan’s trade with European countries in 2024 totaled over $2.2bn, contributing 13.8% to the country’s total trade turnover. This included $1.3bn in exports and $851mn in imports.
Meanwhile, trade with Asia amounted to $7.4bn, driven by exports of $606mn and imports of $6.8bn.
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