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Kyrgyzstan Türkiye

Kyrgyzstan boosts oil product exports to Türkiye in 1H2024

Baku, TurkicWorld:

Kyrgyzstan exported 50,173 tons of oil products to Türkiye from January through June 2024, a 60 percent increase compared to 31,358 tons during the same period in 2023, TurkicWorld reports.

According to the country's State Statistical Committee, the exports were valued at $34.295 million, up 51.9 percent from $22.584 million in January-June of the previous year. Türkiye received the largest share of Kyrgyzstan's oil product exports, with Uzbekistan as the second-largest recipient, importing 30,410 tons valued at $8.846 million.

Overall, Kyrgyzstan exported 99,133 tons of oil products worth $64.477 million in the first half of 2024. The volume increased by 45.9 percent compared to 67,961 tons in the same period of 2023 and by 40.2 percent in value from $45.980 million in January–June 2023.

Kyrgyzstan's foreign trade turnover reached $7.6 billion from January through June 2024. The figure increased by 9.4 percent compared to the same period in 2023. Within this turnover, exports accounted for 16.9 percent, while imports made up 83.1 percent.

Exports from Kyrgyzstan in January–June 2024 decreased by 3.2 percent year-on-year, totaling $1.3 billion. The value of imported goods into Kyrgyzstan was $6.3 billion, which is a 12.4 percent increase compared to the same period in 2023.

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