Kyrgyzstan’s Top 10 Exports

Also known as Kirghizia or the Kyrgyz Republic, Kyrgyzstan shipped US$1.8 billion worth of goods around the globe in 2017. That dollar amount reflects a 1% gain since 2013 and a 25.8% uptick from 2016 to 2017.

Kyrgyzstan is a landlocked Central Asian nation surrounded by the much larger Kazakhstan to its north, China to its east, Uzbekistan to its west and southwest, and Tajikistan to its southwest.

Based on estimates from the Central Intelligence Agency’s World Factbook, Kyrgyzstan’s exported goods plus services represent 37.2% of total Kyrgyzstani economic output or Gross Domestic Product. The analysis below focuses on exported products only.

From a continental perspective, 57% of Kyrgyzstani exports by value were delivered to European countries while 42.7% were sold to Asian importers. Kyrgyzstan shipped much smaller percentages to North America (0.2%) and Africa (0.1%).

Given Kyrgyzstan’s population of 5.8 million people, its total $1.8 billion in 2017 exports translates to roughly $300 for every resident in that country.

Kyrgyzstan’s unemployment rate was 2.3% as of December 2017.

Kyrgyzstan’s Top 10 Exports

Top 10

The following export product groups represent the highest dollar value in Kyrgyzstani global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Kyrgyzstan.

At the more detailed four-digit Harmonized Tariff System (HTS) code level, Kyrgyzstan’s most valuable exported products are gold followed by precious metal ores and concentrates, aircraft or spacecraft, dried shelled vegetables, women’s shirts or blouses and refined petroleum oils.

  1. Gems, precious metals: US$709.9 million (39.6% of total exports)
  2. Ores, slag, ash: $144.3 million (8.1%)
  3. Knit or crochet clothing, accessories: $118 million (6.6%)
  4. Mineral fuels including oil: $87.1 million (4.9%)
  5. Aircraft, spacecraft: $78.9 million (4.4%)
  6. Vegetables: $78.1 million (4.4%)
  7. Vehicles: $61 million (3.4%)
  8. Footwear: $51.9 million (2.9%)
  9. Machinery including computers: $50.7 million (2.8%)
  10. Fruits, nuts: $44.1 million (2.5%)

Kyrgyzstan’s top 10 exports accounted for four-fifths (79.5%) of the overall value of its global shipments.

Footwear exports posted the fastest gain, up by 548.6% from 2016 to 2017.

In second place for improving export sales was knit or crochet clothing or accessories via a 248.5% gain.

Kyrgyzstani ores, slag and ash achieved the third-fastest improvement in international sales up 111.3% thanks mostly to stronger exports of precious metal ores and concentrates.

Advantages

The following types of Kyrgyzstani product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports is the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

  1. Gems, precious metals: US$704.8 million (Up by 0.4% since 2016)
  2. Ores, slag, ash: $141.9 million (Up by 115.4%)
  3. Vegetables: $58.3 million (Up by 13.1%)
  4. Aircraft, spacecraft: $45.1 million (Down by -211.2%)
  5. Glass: $11.6 million (Down by -454.6%)
  6. Cotton: $11.5 million (Down by -15.3%)
  7. Copper: $10.3 million (Up by 18.5%)
  8. Raw hides, skins not furskins, leather: $8.7 million (Up by 85.5%)
  9. Live animals: $7.1 million (Up by 440.7%)
  10. Lead: $1.6 million (Up by 87.4%)

Kyrgyzstan has highly positive net exports in the international trade of gold and, to a lesser extent, silver. In turn, these cashflows indicate Kyrgyzstan’s strong competitive advantages under the gems and precious metals product category.

Opportunities

Overall, Kyrgyzstan incurred a -$2.7 billion trade deficit for 2017 thus expanding by 11.1% from the -$2.4 billion in red ink one year earlier.

Below are exports from Kyrgyzstan that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Kyrgyzstan’s goods trail Kyrgyzstani importer spending on foreign products.

  1. Mineral fuels including oil: -US$549.1 million (Up by 55.6% since 2016)
  2. Machinery including computers: -$313.6 million (Down by -14%)
  3. Footwear: -$249.4 million (Down by -0.4%)
  4. Electrical machinery, equipment: -$233 million (Up by 26.4%)
  5. Manmade staple fibers: -$191.8 million (Up by 23.6%)
  6. Pharmaceuticals: -$167.8 million (Up by 43.7%)
  7. Iron, steel: -$119.5 million (Up by 1.1%)
  8. Plastics, plastic articles: -$117.2 million (Down by -2.4%)
  9. Manmade filaments: -$114.2 million (Up by 111.5%)
  10. Articles of iron or steel: -$96.1 million (Up by 2.2%)

Kyrgyzstan has highly negative net exports and therefore deep international trade deficits for mineral fuels including oil, particularly refined petroleum oils and, to a lesser extent, petroleum gases and coal.

Companies

Kyrgyzstani Export Companies

Not one Kyrgyzstani corporation ranks among Forbes Global 2000 for 2016.

Wikipedia does list some exporters from Kyrgyzstan. Selected examples are shown below:

  • Air Kyrgyzstan (domestic & international airliner)
  • Asia Universal Bank (commercial bank)
  • Enesay (beverages)
  • Shoro (beverages)


 
Kyrgyzstan’s capital city is Bishkek.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level.

See alsoCrude Oil Exports by Country, Gold Exports by Country and Capital Facts for Bishkek, Kyrgyzstan

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 13, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 13, 2018

Trade Map, International Trade Centre. Accessed on March 13, 2018

Investopedia, Net Exports Definition. Accessed on March 13, 2018

Wikipedia, Kyrgyzstan. Accessed on March 13, 2018

Wikipedia, List of Companies of Kyrgyzstan. Accessed on March 13, 2018

Forbes 2016 Global 2000 rankings, The World’s Biggest Public Companies. Accessed onMarch 13, 2018