Belarus-Kyrgyzstan Bilateral Trade Up 43% January-July 2022
Belarus trade turnover with Kyrgyzstan increased 43% in the seven months January to July 2022, according to the National Statistical Committee of Kyrgyzstan. Both countries are members of the Eurasian Economic Union, which also includes Armenia, Kazakhstan and Russia. The EAEU sits in the geographic space between Western China and Eastern Europe.
Trade is conducted along the rail networks running from Belarus, through Russia, Kazakhstan and finally to Kyrgyzstan. While trade volumes remain relatively small, increasing from US$35.8 million in the same period the previous year and up to US$51.2 million this, the increase is of note in terms of overall improvements in EAEU and cross-Eurasian trade.
China has also heavily invested in Belarus with the Great Stone Industrial Park sited near to the Minsk airport and road/rail connections through to Poland.
During the January-July 2022 period, Kyrgyzstan imported goods from Belarus worth US$35.4 million, an increase of 29.1%. Exports of goods from Kyrgyzstan to Belarus in the same timeframe reached US$15.8 million, an increase of 88%.
The main products that Belarus exported to Kyrgyzstan are Poultry Meat, Tractors and Packaged Medicaments. The main products that Kyrgyzstan exported to Belarus were Auto Components, Harvesting Machinery, and Refined Petroleum.
That has meant that Belarus took 3rd place among the main trading partners of Kyrgyzstan of EAEU countries, with Russia ranking first with US$1.7 billion, followed by Kazakhstan at US$665.5 million.
Related Reading
