Kyrgyzstan’s Top 10 Exports

Kyrgyzstan's flag

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A landlocked and mountainous country located in Central Asia, Kyrgyzstan shipped US$1.5 billion worth of goods around the globe in 2016. That dollar amount represents a 31% uptick since 2009 when the Great Recession kicked in but a -6.3% decrease from 2015 to 2016.

Kyrgyzstan’s top 10 exports accounted for 81.9% of the overall value of its global shipments.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Kyrgyzstan’s total Gross Domestic Product amounted to $21.01 billion in 2016 (on a purchasing power parity basis). Therefore, exports accounted for about 7.3% of total Kyrgyzstani economic output.

From a continental perspective, 56.6% of Kyrgyzstani exports by value were delivered to European countries while 43.2% were sold to Asian importers. Kyrgyzstan shipped another 0.13% worth of goods to Africa with an even smaller portion 0.06% going to North America.

Given Kyrgyzstan’s population of 5.7 million people, its total $1.5 billion in 2016 exports translates to roughly $300 for every resident in that country.

Kyrgyzstan’s unemployment rate was 2.2% as of January 2017.

Kyrgyzstan’s Top 10 Exports

Top 10

The following export product groups represent the highest dollar value in Kyrgyzstani global shipments during 2016. Also shown is the percentage share each export category represents in terms of overall exports from Kyrgyzstan.

  1. Gems, precious metals: US$707.5 million (45.8% of total exports)
  2. Ores, slag, ash: $154.1 million (10%)
  3. Vegetables: $93 million (6%)
  4. Vehicles : $59.1 million (3.8%)
  5. Knit or crochet clothing, accessories: $58.5 million (3.8%)
  6. Mineral fuels including oil: $49 million (3.2%)
  7. Aircraft, spacecraft: $44.2 million (2.9%)
  8. Clothing, accessories (not knit or crochet): $37 million (2.4%)
  9. Fruits, nuts: $31.3 million (2%)
  10. Machinery including computers: $29.9 million (1.9%)

Precious-metal concentrates and ores propelled the ores, slag and ash category to a 6,005% gain over the 7-year period starting in 2009.

In second place for improving export sales was the aircraft and spacecraft category which was up by 1,313%.

Kyrgyzstani knit or crochet clothing and accessories posted the third-fastest gain in value up by 615.9%.

The only two declining top categories were mineral fuels including oil (down by -78.2%) and among the top 10 unknit and non-crocheted clothing and accessories (down by -42.5%).

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$701.9 million (Up by 32.1% since 2009)
  2. Ores, slag, ash: $151.6 million (Down by -7,334%)
  3. Vegetables: $82.1 million (Up by 88%)
  4. Dairy, eggs, honey: $15.2 million (Up by 227.3%)
  5. Cotton: $14.3 million (Down by -29.8%)
  6. Copper: $8.7 million (Down by -794.4%)
  7. Raw hides, skins not furskins, leather: $5.8 million (Up by 16.5%)
  8. Live animals: $1.3 million (Down by -70.8%)
  9. Lead: $875,000 (Up by 1.4%)
  10. Miscellaneous animal-origin products: $767,000 (Down by -17.7%)

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 -$2.4 billion trade deficit for 2016 up 32.3% from -$1.8 billion during 2009.

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$400.4 million (Down by -30.8% since 2009)
  2. Machinery including computers: -$369 million (Up by 88.3%)
  3. Footwear: -$236.1 million (Up by 360.5%)
  4. Electrical machinery, equipment: -$187.8 million (Up by 122.2%)
  5. Manmade staple fibers: -$155.2 million (Up by 311.1%)
  6. Plastics, plastic articles: -$122.6 million (Up by 144.1%)
  7. Iron, steel: -$119.6 million (Up by 61.6%)
  8. Pharmaceuticals: -$118.5 million (Up by 35.5%)
  9. Wood: -$106.5 million (Up by 63.9%)
  10. Articles of iron or steel: -$96.4 million (Up by 39.6%)

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 also lists 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 also Crude 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 April 11, 2017

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on April 11, 2017

Trade Map, International Trade Centre. Accessed on April 11, 2017

Investopedia, Net Exports Definition. Accessed on April 11, 2017

Wikipedia, List of Companies of Kyrgyzstan. Accessed on April 11, 2017

Forbes 2016 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 11, 2017