Kyrgyzstan has a significant trade deficit with China, raising concerns about its economic dependency on the Asian giant.
Trade data for 2024 is showing that Kyrgyzstan has an unhealthy dependency on China , even considering a wide discrepancy in figures released by Chinese and Kyrgyz official agencies. Bilateral trade turnover during the first quarter of 2024 totaled $4.815 billion, according to figures compiled by China ’s General Customs Administration. The trade imbalance between the two countries was pronounced according to Beijing, Chinese exports to Kyrgyzstan totaled $4.
But the Kyrgyz statistics did confirm a catastrophic imbalance in bilateral trade in Beijing’s favor while Q1 turnover with China totaled $1.63 billion, Kyrgyz exports stood at meager $18.8 million. There are few means at Kyrgyzstan’s disposal to address the trade imbalance. The K-News outlet reported in mid-May that Kyrgyzstan’s Agriculture Ministry agreed to ship 10,000 tons of cherries to China this year.
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