Kyrgyzstan Reduces Reliance On Russian Oil Imports

Data from Kyrgyzstan's State Statistical Committee reveals that Kyrgyzstan imported 504,573 tons of oil products from Russia in 2023, which is an 18-percent decrease from 614,362 tons in 2022. The value of these imports amounted to $370.453 million, declining by 21 percent compared to the preceding year ($468.243 million).

During the reporting period, Russia remained the primary source from which Kyrgyzstan imported oil products. Kazakhstan secured the second position with 80,341 tons valued at $38.512 million, while Uzbekistan ranked third with 9,667 tons valued at $6.341 million.

Kyrgyzstan imported 612,007 tons of oil products in 2023, which is 9 percent less than in 2022 (671,733 tons). The value of the imports amounted to $456.864 million. The figure declined by 13 percent compared to 2022 ($525.276 million).

Meanwhile, the trade turnover between Kyrgyzstan and Russia totaled $2.930 billion in 2023, reflecting a decrease of 15.7 percent compared to 2022. Kyrgyzstan's exports to Russia amounted to $747.839 million, marking a 30 percent decrease from 2022. Imports from Russia to Kyrgyzstan totaled $2.182 billion, showing a 9 percent decline compared to the preceding year.

Overall, Kyrgyzstan's foreign trade turnover reached $15.66 billion in 2023, indicating a 29.9 percent increase compared to 2022. The country's exports totaled $3.308 billion, representing a 46.8 percent year-on-year increase. Imports to Kyrgyzstan amounted to $12.352 billion, reflecting a 26 percent increase compared to 2022.

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