Kyrgyzstan’s 2022 Trade Turnover With Russia Hits Record High
The value of Kyrgyzstan’s exports of goods to Russia increased substantially in the first 11 months of 2022, according to the National Statistical Committee of Kyrgyzstan.
According to statistics, the export of goods from Kyrgyzstan to Russia amounted to US$917 million from January through November 2022, which is 2.5 times more compared to the same period in 2021 (US$358.1 million).
During the reporting period, the main Kyrgyz export commodities to Russia were textile products, cotton, copper, agricultural products, and related items.
Meanwhile, during the same period, Russian exports to Kyrgyzstan increased by 25% percent in the first 11 months of 2022 in comparison to the corresponding period of 2021 (US$1.6 billion) – up to US$2 billion.
One of the priority areas of the Kyrgyz-Russian partnership has been the expansion and development of trade and economic cooperation. According to official data, Kyrgyzstan’s trade turnover with Russia amounted to US$2.4 billion in 2022, a record high in the trade relations between the countries.
Kyrgyzstan and Russia are both members of the Eurasian Economic Union (EAEU) which has seen a marked increase in multilateral trade between member states as Russia looks to push its import and export markets east in light of the disastrous trade relations and sanctions imposed upon it by the EU.
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