Kyrgyzstan’s National Export Program set to strengthen economic outlook

Kyrgyzstan is charting a path to bolster its economic prospects with the unveiling of the National Export Program, aptly named ‘Made in Kyrgyzstan.’ This strategic initiative, spanning the years 2023 to 2026, is a pivotal component of the draft public budget for 2024.

The primary objective of the program is crystal clear—to ignite a surge in exports, amplify the financial inflow from export activities, and curtail the adverse trade deficit. It is envisioned that this concerted effort will stimulate substantial growth in foreign trade, catapulting from $13.335 billion in 2024 to an impressive $14.8 billion in 2026.

When scrutinizing the specifics, the export of goods is poised for an upward trajectory, ascending from $2.8 billion in 2024 to a projected $2.98 billion in 2026. In tandem, imports of goods are forecasted to undergo growth, progressing from $10.535 billion in 2024 to an estimated $11.5 billion in 2026. These strategic moves aim to recalibrate the trade dynamics, fortify the nation’s financial standing, and foster economic resilience.