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Kyrgyzstan records increase in car manufacturing

Kyrgyzstan Materials 17 October 2022 19:30
Trend News Agency
Kyrgyzstan records increase in car manufacturing

BAKU, Azerbaijan, October 17. Car manufacturing in Kyrgyzstan increased from January through August 2022, Trend reports with reference to the National Statistical Committee of Kyrgyzstan.

According to the committee, in the first 8 months of 2022 Kyrgyzstan increased car production by 21.5 percent compared to the same period of last year (758.8 million soms, or $9.1 million) - up to 922.6 million soms ($11.1 million).

During this period, the total value of vehicle production in Kyrgyzstan amounted to 1 billion soms ($12.4 million), which is an increase of 17.2 percent over the same period in 2021 (878.6 million soms, or $10.6 million).

Meanwhile, in the first 8 months of this year Kyrgyzstan almost tripled the import of passenger cars compared to the same period of last year (7,443 units) - up to 21,753 cars.

Notably, as of October 17, the official rate set by the National Bank of Kyrgyzstan is KGS 82,71/1USD.

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