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Gold - most exported commodity of Kyrgyzstan

Gold remains the main export commodity of Kyrgyzstan and Switzerland — its main buyer. This European country accounts for 42 percent of total exports of Kyrgyzstan, website of the Ministry of Economy of the Kyrgyz Republic reported.

According to the ministry, in general, Kyrgyzstan carries out deliveries to more than 80 countries of near and far abroad. Several countries account for the formation of export markets.

Deliveries of production of Kyrgyz enterprises to these countries accounted for more than 92 percent of total exports of the republic. The main trade partners of the Kyrgyz Republic in exports excluding gold are EEU countries — about 50 percent.

The main item in the commodity structure of exports of Kyrgyzstan are precious metals, including gold, share of which in total exports is about 45.4 percent. The share of agricultural and food products in total exports — more than 12 percent, products of light and textile industry — 11 percent, engineering products — 11.2 percent.

Deliveries of gold increased by 5.4 percent last year, precious metal ores and concentrates, slag and ash — 7.7 times, vegetables — by 36.1 percent, coal — by 29.2 percent, glass and products thereof — by 27.4 percent.

However, the Ministry of Economy emphasized that the raw material orientation of Kyrgyz exports, underdeveloped processing industry are the most important problems in its development.