Kyrgyzstan suspected of understating re-export of goods by third

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The volume of re-exported goods in Kyrgyzstan is significantly understated in official statistics. This was reported by the Telegram channel Logistan, referring to the International Monetary Fund (IMF).

At the same time, the Logistan channel claims that errors and omissions in the country's balance of payments for 2022 amounted to almost 37% of GDP.

The Eurasian Stabilization and Development Fund (ESDF) estimates the size of "net errors and omissions" in assessing Kyrgyzstan's re-exports at approximately 27%, the channel notes.

Experts explain the growth in unaccounted re-export volume by "sanctions imposed on the Russian Federation and restrictions on the import of foreign goods into the territory of Russia."

In these conditions, Kyrgyzstan's imports increased by 72.3%, while non-gold exports increased by 62.3%.

"Most of the non-oil imports are likely re-exports to Russia, which are not fully reflected in the trade statistics within the Eurasian Economic Union," analysts claim, according to the material of the Logistan channel.

April 9, 2024