That dollar amount reflects a -7.4% decrease from $1.79 billion in 2017.
Year over year, overall sales of Kyrgyzstan’s exported goods fell by -15.6% compared to $$1.96 billion during 2020.
The top 5 most valuable products exported from Kyrgyzstan are precious metal ores and concentrates, glass in sheets, copper scrap, dried shelled vegetables, and processed petroleum oils. Combined, that quintet of major exports accounted for more than one fifth (26.5%) of Kyrgyzstan’s total exports.
Kyrgyzstan’s Top Trading Partners
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.
The latest available country-specific data shows that 93.0% of products exported from the Kyrgyz Republic were bought by importers in: Russia (24.9% of the global total), Kazakhstan (22.6%), United Kingdom (14.1%), Uzbekistan (10.9%), Turkey (5.5%), mainland China (3.9%), United Arab Emirates (3.3%), Switzerland (3.29%), Tajikistan (1.43%), Hong Kong (1.38%), Belarus (0.93%) and Afghanistan (0.87%).
From a continental perspective, 47.4% of the Kyrgyz Republic’s exports by value were delivered to European countries while 52.2% were sold to importers in Asia.
Smaller percentages went to North America (0.3%), Africa (0.14%), Oceania’s Australia only (0.01%), then Latin America (0.002%) excluding Mexico but including the Caribbean.
Given Kyrgyzstan’s population of 6.65 million people, its total $1.66 billion in 2021 exports translates to roughly $250 for every resident in the Central Asian country. That dollar metric exceeds the average $300 per capita one year earlier during 2020.
Kyrgyzstan’s Top 10 Exports
The following export product groups represent the highest dollar value in Kyrgyzstani global shipments during 2021. Also shown is the percentage share each export category represents in terms of overall exports from Kyrgyzstan.
- Ores, slag, ash: US$162.5 million (9.8% of total exports)
- Mineral fuels including oil: $100 million (6%)
- Vegetables: $93 million (5.6%)
- Glass: $90.2 million (5.4%)
- Copper: $73.1 million (4.4%)
- Electrical machinery, equipment: $72.8 million (4.4%)
- Fruits, nuts: $72.3 million (4.4%)
- Knit or crochet clothing, accessories: $63.7 million (3.8%)
- Iron, steel: $61.1 million (3.7%)
- Vehicles: $53.7 million (3.2%)
The Kyrgyz Republic’s top 10 exports accounted for 50.8% of the overall value of its global shipments.
Electrical machinery and equipment was the fastest grower among the top 10 export categories, up by 327.5% from 2020 to 2021.
In second place for improving export sales was glass via a 212.2% advance.
Kyrgyzstan’s shipments of copper posted the third-fastest gain in value, up by 144.6%.
The lone decliner among Kyrgyzstan’s top 10 export categories was ores, slag ash, thanks to a -1.1% year-over-year drop.
At the more detailed four-digit Harmonized Tariff System (HTS) code level, Kyrgyzstan’s most valuable exported product category is precious metal ores and concentrates (8.5% of the overall Kyrgyzstani total). In second place is worked glass in sheets (5.3%) trailed by copper scrap (4.4%), dried shelled vegetables (4.2%), refined petroleum oils (4.1%), phone devices including smartphones (3.3%), dried fruit (2.9%), automobile parts or accessories (2.5%), uncombed cotton (2.1%), then iron or steel scrap (2%).
Products Generating Kyrgyzstan’s Best Trade Surpluses
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 represent 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.
- Ores, slag, ash: US$156.5 million (Down by -2.7% since 2020)
- Glass: $70.6 million (Up by 441.9%)
- Copper: $67.3 million (Up by 167.9%)
- Dairy, eggs, honey: $30.5 million (Down by -5.4%)
- Cotton: $20.7 million (Up by 99.9%)
- Vegetables: $16.1 million (Down by -60.3%)
- Fish: $12.9 million (Up by 274.7%)
- Lead: $7.2 million (Up by 172.1%)
- Raw hides, skins not furskins, leather: $4.7 million (Up by 110.7%)
- Miscellaneous animal-origin products: $1.6 million (Down by -33%)
Kyrgyzstan has highly positive net exports in the international trade of precious-metal and copper ores and concentrates. In turn, these cashflows indicate Kyrgyzstan’s strong competitive advantages under the ores, slag and ash product category.
Products Causing Kyrgyzstan’s Worst Trade Deficits
The Kyrgyz Republic incurred an overall -$3.9 billion trade deficit for 2021 expanding by 127.4% from the -$1.7 billion in red ink one year earlier in 2020.
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.
- Mineral fuels including oil: -US$774.8 million (Up by 65% since 2020)
- Machinery including computers: -$415.8 million (Up by 42.9%)
- Electrical machinery, equipment: -$250.2 million (Up by 16.2%)
- Vehicles: -$244 million (Up by 46.5%)
- Knit or crochet fabric: -$230.7 million (Up by 388.8%)
- Knit or crochet clothing, accessories: -$205.7 million (Up by 1409.2%)
- Pharmaceuticals: -$182.9 million (Down by -10.1%)
- Plastics, plastic articles: -$155.8 million (Up by 67.5%)
- Iron, steel: -$144.2 million (Up by 7.8%)
- Footwear: -$142.6 million (Up by 148.6%)
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, petroleum coke or residues, and coal.
Kyrgyzstani Export Companies
Not one Kyrgyzstani corporation ranks among Forbes Global 2000 for 2017.
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)
In macroeconomic terms, Kyrgyzstan’s total exported goods represent 4.7% of its overall Gross Domestic Product for 2021 ($35.3 billion valued in Purchasing Power Parity US dollars). That 4.7% for exports to overall GDP in PPP for 2021 compares to 6.2% one year earlier. Those percentages seem to indicate a relatively decreasing reliance on products sold on international markets for Kyrgyzstan’s total economic performance, albeit based on a short timeframe.
Another key indicator of a country’s economic performance is its unemployment rate. Kyrgyzstan’s unemployment rate averaged 6.605% in 2021, same as one year earlier according to the International Monetary Fund.
The Kyrgyz Republic’s capital city is Bishkek.
See also Kazakhstan’s Top 10 Exports, Crude Oil Exports by Country and Gold Exports by Country
Central Intelligence Agency, Country Profiles, The World Factbook. Accessed on October 9, 2022
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on October 9, 2022
International Monetary Fund, Exchange Rates selected indicators (National Currency per U.S. dollar, period average)
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on October 9, 2022
International Trade Centre, Trade Map. Accessed on October 9, 2022
Investopedia, Net Exports Definition. Accessed on October 9, 2022
Wikipedia, Gross domestic product. Accessed on October 9, 2022
Wikipedia, Kyrgyzstan. Accessed on October 9, 2022
Wikipedia, List of Companies of Kyrgyzstan. Accessed on October 9, 2022
Wikipedia, Purchasing power parity. Accessed on October 9, 2022
World’s Capital Cities, Capital Facts for Bishkek, Kyrgyzstan. Accessed on October 9, 2022