Kyrgyzstan's trade deficit decreased to USD 250.4 million in May 2019 from USD 264.6 million in the same month of the previous year. Exports went down 17.2 percent to USD 131.1 million while imports fell 9.8 percent to USD 381.5 million. Considering the January to May period, the trade gap narrowed to USD 1,238 million from USD 1,362 million in the same period of 2018. Balance of Trade in Kyrgyzstan averaged -108.74 USD Million from 1993 until 2019, reaching an all time high of 31.40 USD Million in September of 2000 and a record low of -458.11 USD Million in December of 2014.
Balance of Trade in Kyrgyzstan is expected to be -260.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Kyrgyzstan to stand at -220.00 in 12 months time. In the long-term, the Kyrgyzstan Balance of Trade is projected to trend around -192.00 USD Million in 2020, according to our econometric models.