Uzbekistan - Kyrgyzstan Trade 2023 Whole Year: Volatile Surge

Key Market Takeaways: Uzbekistan - Kyrgyzstan Trade

• The bilateral trade relationship between Uzbekistan and Kyrgyzstan is marked by volatility and a strong surplus in 2023.
• Economic Pulse: Uzbekistan holds a $423.86M trade surplus ($687.42M exports vs. $263.56M imports), with exports 2.6x higher than imports. Volatility spiked in July (154.17% MoM export surge) and December (101.66% YoY import jump).
• Exchange Structure: Uzbekistan - Kyrgyzstan trade statistics reveal a resource-for-consumer goods dynamic. Uzbekistan supplies apparel and textiles (41.02% of exports), while importing energy and ores (38.49% of imports).
• Strategic Interdependence: The partnership is highly complementary, with Uzbekistan adding value through finished goods and Kyrgyzstan providing critical raw materials.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Uzbekistan-Kyrgyzstan Trade Trend in Whole Year 2023

Uzbekistan Export Performance: Shipments to Kyrgyzstan

• Total Volume: $687.42M in 2023.
• Growth Trend & Context: Exports to Kyrgyzstan showed extreme volatility, with a 154.17% MoM surge in July (YoY: +158.95%) but sharp declines in June (-35.1% MoM, -65.54% YoY) and August (-61.21% MoM). Full-year trends were mixed, with no clear directional bias.
• Key Volatility: July stood out with a 154.17% MoM jump, while December marked the steepest YoY contraction (-55.14%).

Uzbekistan Import Performance: Sourcing from Kyrgyzstan

• Total Volume: $263.56M in 2023.
• Growth Trend & Context: Imports grew robustly in H2, with December peaking at a 49% MoM and 101.66% YoY surge. However, H1 was weaker, notably June (-8.37% MoM, -9.05% YoY). Full-year imports were uneven but ended strongly.
• Key Volatility: December’s import value ($39.60M) was the highest, doubling YoY, while January saw the steepest MoM drop (-41.43%).

Uzbekistan - Kyrgyzstan Trade Balance & Market Dynamics

• Net Position: Uzbekistan recorded a trade surplus of $423.86M ($687.42M exports vs. $263.56M imports).
• Relationship Status: Uzbekistan is a net exporter to Kyrgyzstan, with exports 2.6x higher than imports. The surplus was driven by volatile but high-value shipments, particularly in July and December.

Uzbekistan Import Trend from Kyrgyzstan 2023 Whole Year (Source: yTrade)**

Uzbekistan Export Trend to Kyrgyzstan 2023 Whole Year (Source: yTrade)**

Get Historical Uzbekistan Kyrgyzstan Trade Records

Uzbekistan-Kyrgyzstan Top Trading Products in Whole Year 2023

Uzbekistan Export Profile: What Does Uzbekistan Sell to Kyrgyzstan

• Top Commodity: Rank #1 export is HS 61 (Articles of apparel, knitted), accounting for 18.30% of total exports to Kyrgyzstan.
• Demand Driver: Kyrgyzstan's consumer market drives demand for Uzbek apparel and textiles (HS 61, 60, 52, 63), indicating a focus on clothing and fabric supply.
• Concentration: No single category dominates (>50%), but apparel and textiles (HS 61, 60, 52, 63) collectively represent 41.02% of exports, showing moderate concentration.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Kyrgyzstan

• Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils), making up 38.49% of total imports from Kyrgyzstan.
• Dependency Nature: Uzbekistan relies on Kyrgyzstan for energy (HS 27) and raw materials (HS 25, 26, 72), suggesting energy security and industrial input dependency.

Uzbekistan - Kyrgyzstan Trade Relationship Dynamics

• The Exchange Model: Resource-for-Consumer Goods Complementarity. Uzbekistan supplies apparel and textiles (consumer goods) to Kyrgyzstan, while importing energy and ores (resources).
• Value Chain Position: Uzbekistan holds a higher value-add position, exporting finished goods (apparel) versus Kyrgyzstan's raw/material-heavy exports (fuels, ores).

Import Analysis by Product: Kyrgyzstan to Uzbekistan (Source: yTrade)

Export Analysis by Product: Uzbekistan to Kyrgyzstan (Source: yTrade)

Check Detailed Uzbekistan-Kyrgyzstan Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Uzbekistan’s trade with Kyrgyzstan is likely to remain volatile but structurally resilient in 2024, driven by Kyrgyzstan’s demand for Uzbek apparel and textiles (HS 61, 60, 52, 63) and Uzbekistan’s reliance on Kyrgyz energy (HS 27). The trade surplus will persist, though exporters should brace for sharp month-to-month swings, as seen in 2023’s erratic growth patterns. Energy imports may surge further if Kyrgyzstan expands fuel production, while Uzbek textile exporters must prepare for potential demand shocks.

Strategic Moves

• Lock in Energy Contracts: Uzbek importers should secure long-term agreements for Kyrgyz mineral fuels (HS 27) to hedge against price volatility and ensure stable supply chains.
• Diversify Textile Markets: Uzbek apparel exporters must reduce overreliance on Kyrgyz demand by targeting new regional buyers, mitigating risks from sudden import contractions.
• Optimize Cross-Border Logistics: Traders on both sides should invest in streamlined customs procedures and warehousing near border zones to capitalize on peak trade months (July, December).

Frequently Asked Questions

How did Uzbekistan - Kyrgyzstan trade perform in 2023 Whole Year?

Uzbekistan exported $687.42M to Kyrgyzstan and imported $263.56M, with mixed growth trends but a strong finish in December for imports.

What are the top exports from Uzbekistan to Kyrgyzstan?

HS 61 (Articles of apparel, knitted) is the top export, accounting for 18.30% of total exports, followed by other textiles (HS 60, 52, 63).

What does Uzbekistan import from Kyrgyzstan?

HS 27 (Mineral fuels, oils) dominates imports, making up 38.49% of the total, alongside raw materials like ores (HS 25, 26, 72).

What is the trade balance between Uzbekistan and Kyrgyzstan?

Uzbekistan recorded a trade surplus of $423.86M, with exports 2.6x higher than imports, driven by volatile but high-value shipments.