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Economy of Kyrgyzstan
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==External trade== [[File:Refinery factory in Kyrgyzstan.jpg|thumb|Refinery factory in Kyrgyzstan]] Kyrgyzstan's principal exports, which go overwhelmingly to other CIS countries, are nonferrous metals and minerals, woollen goods and other agricultural products, electric energy, and certain engineering goods. In turn, the Republic relies on other former Soviet states for petroleum and natural gas, [[ferrous metal]]s, chemicals, most machinery, wood and paper products, some foods, and most construction materials. In 1999, Kyrgyz exports to the U.S. totaled $11.2 million, and imports from the U.S. totaled $54.2 million. In 2017, Kyrgyzstan exports were estimated to be worth $1.84 billion, while their imports were at an estimated $4.187 billion. Kyrgyzstan's major exports include gold, cotton, wool, garments, meat, [[Mercury (element)|mercury]], uranium, electricity, machinery, and shoes. Major imports include oil and gas, machinery and equipment, chemicals, and foodstuffs.<ref>{{cite web |url=https://www.cia.gov/the-world-factbook/countries/kyrgyzstan/ |title=Central Asia:: Kyrgyzstan |date=October 9, 2020 |website=CIA: World Fact Book |access-date=20 October 2020 |archive-date=22 June 2021 |archive-url=https://web.archive.org/web/20210622174332/https://www.cia.gov/the-world-factbook/countries/kyrgyzstan/ |url-status=live }}</ref> Reexport of China-made consumer goods to Kazakhstan and Russia, centered on [[Dordoy Bazaar]] in Bishkek, and to [[Uzbekistan]], centered on [[Kara-Suu]] Bazaar in [[Osh Region]], is particularly important; it is thought by some economists to be one of the country's two largest economic activities.<ref>Sebastien Peyrouse, [http://www.silkroadstudies.org/new/docs/Silkroadpapers/2007/0709China-Central_Asia.pdf Economic Aspects of China-Central Asia Rapprochment] {{webarchive |url=https://web.archive.org/web/20090207143523/http://www.silkroadstudies.org/new/docs/Silkroadpapers/2007/0709China-Central_Asia.pdf |date=February 7, 2009 }}. Central Asia - Caucasus Institute, Silk Road Studies Program. 2007. p.18.</ref> The Kyrgyzstan Government has reduced expenditures, ended most price subsidies, and introduced a [[value added tax]]. Overall, the government appears committed to transferring to a [[free market]] economic system by stabilizing the economy and implementing reforms, which will encourage long-term growth. These reforms led to Kyrgyzstan's accession to the [[World Trade Organization|WTO]] on December 20, 1998. In August 2024, the country's government issued an order to establish [[OJSC "Trading Company of the Kyrgyz Republic"]] to monitor trade flows related to local companies whose goods are not imported into the Kyrgyz Republic.<ref>{{cite web | url=https://www.latribune.fr/opinions/tribunes/le-kirghizstan-en-pointe-dans-le-contournement-des-sanctions-visant-la-russie-1011241.html | title=Le Kirghizstan en pointe dans le contournement des sanctions visant la Russie | date=14 November 2024 }}</ref><ref>{{cite web | url=https://economist.kg/exclusive/2024/10/02/chiem-zaimietsia-novaia-torghovaia-kompaniia-i-kto-mozhiet-za-niei-stoiat-podrobnosti | title=Чем займется новая Торговая компания и кто может за ней стоять? Подробности | date=2 October 2024 }}</ref><ref>{{cite web | url=https://thehill.com/opinion/4974098-russia-interference-georgia-moldova/ | title=Sanctions evasion helps Russia dominate former Soviet republics | date=6 November 2024 }}</ref> === Investment === The stock [[market capitalisation]] of listed companies in Kyrgyzstan was valued at $42 million in 2005 by the [[World Bank]].<ref>[http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/0,,contentMDK:20394793~menuPK:1192714~pagePK:64133150~piPK:64133175~theSitePK:239419,00.html Data – Finance<!-- Bot generated title -->] {{webarchive|url=https://web.archive.org/web/20100405102322/http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/0,,contentMDK:20394793~menuPK:1192714~pagePK:64133150~piPK:64133175~theSitePK:239419,00.html |date=April 5, 2010 }}</ref>
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