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Kyrgyzstan keeps increasing car imports from South Korea

Kyrgyzstan Materials 12 August 2023 17:30 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, July 12. Kyrgyzstan imported 67,430 passenger cars in the first half of 2023, which is an increase of 4.1 times year-on-year, Trend reports.

As per the data provided by the State Statistical Committee of the country, the value of the imports amounted to $867.851 million, increasing 6.8 times compared to $127.493 million in the first half of 2022.

South Korea emerged as the primary supplier of passenger cars to Kyrgyzstan, exporting a total of 21,708 vehicles to the country in the first half of 2023. This figure increase 7.7 times compared to the same period in 2022 when only 2,813 cars were imported.

The value of these imports stood at $183.468 million, surging 11.4 times compared to the corresponding months of 2022, during which the value was $16.023 million.

The top 5 countries of origin for the imported cars are as follows:

Exporting country

Amount

US dollars

South Korea

21,708 cars

$183.468 million

The US

11,442 cars

$93.092 million

China

10,501 cars

$170.680 million

Russia

6,348 cars

$64.157 million

Japan

6,342 cars

$95.562 million

Kyrgyzstan’s foreign trade turnover from January through June 2023 amounted to $6.7 billion, which is a 31-percent increase year-on-year.

Exports from Kyrgyzstan totaled $1.306 billion, rising 34.6 percent compared to the same period of 2022. The country’s imports equaled $5.398 billion, which is an increase of 30.3 percent compared to the same months of the previous year.

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