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Kyrgyzstan's automotive market sees major growth in imports from UAE

Kyrgyzstan Materials 23 February 2024 11:47 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, February 23. Kyrgyzstan imported 1,613 passenger cars from the UAE in 2023, which is 7.1 times more than in 2022 (225 cars), Trend reports.

According to the State Statistical Committee of Kyrgyzstan, the value of the imports reached $24.995 million, which is 5.6 times higher than in 2022 ($4.451 million).

Among countries exporting cars to Kyrgyzstan, China took the lead with 79,131 cars valued at $1.197 billion, trailed by South Korea with 50,397 cars worth $434.868 million. Russia secured the third spot among the leading exporters, supplying 14,437 passenger cars to Kyrgyzstan, totaling $143.084 million in value.

Overall, Kyrgyzstan reported a surge in its import of passenger cars in 2023, with a total of 184,789 cars imported. The figure increased by 4.4 times compared to the 41,241 cars imported in 2022. Additionally, the total value of these imports reached $2.766 billion in 2023, which is 5.1 times rise compared to $538.852 million recorded in 2022.

Kyrgyzstan's foreign trade turnover reached $15.660 billion in 2023, which is a 29.9 percent increase compared to 2022 ($12.057 billion). The country's exports totaled $3.308 billion, rising by 46.8 percent year-on-year ($2.254 billion in 2022). Imports to Kyrgyzstan amounted to $12.352 billion, which is 26 percent higher than $9.803 billion in 2022.

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