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Kyrgyzstan reports decline in trade with Belarus

Kyrgyzstan Materials 15 March 2024 17:54 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, March 15. Kyrgyzstan's trade turnover with Belarus totaled $6.324 million in January 2024, 14.9 percent less than in January 2023 ($7.433 million), Trend reports.

Kyrgyzstan's State Statistical Committee stated that the country's exports to Belarus reached $1.749 million in January 2024, 21.1 percent less than the $2.217 million reported in January 2023.

Imports from Belarus totaled $4.574 million, a 12.3 percent fall from the $5.215 million reported in January last year.

Belarus accounted for 0.5 percent of Kyrgyzstan's total trade and contributed one percent of Kyrgyzstan's total exports and 0.5 percent of its imports.

Kyrgyzstan's foreign trade turnover totaled $1.168 billion in January 2024, a 36.8 percent hike over January 2023. Exports totaled $181.3 mln., a 46.6 percent rise from January 2023. Imports rose 35.1 percent from January 2023 to $987.5 million.

Furthermore, the trade gap widened to $806.2 million, reflecting rising demand for imported goods relative to exports.

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