BAKU, Azerbaijan, September 17. Central Asian
economies sell a share of their processed industrial goods within
the wider Eurasian region that, on average, closely matches the
region-wide norm — although the share varies across individual
countries and reflects different trade structures.
This is according to a report by the Eurasian Development Bank
(EDB), titled "Architecture of Industrial Transformation of
Developing Economies."
According to the report, the Eurasian region as a whole absorbs
around 59% of member countries' exports of second-stage processed
goods. Within Central Asia, the figure is highest for Kyrgyzstan,
at more than 85%, followed by Kazakhstan at 57%, Uzbekistan at 53%,
and Tajikistan at 39%, the EDB said.
Trend's
calculations show that the simple average across these four Central
Asian economies is approximately 58.5% — almost identical to the
59% regional average cited by the EDB across all member countries,
including Russia and Belarus. Trend's calculations also reveal that the share
recorded for Kyrgyzstan, at over 85%, is more than double the 39%
recorded for Tajikistan, representing the largest difference among
the four Central Asian economies covered.
For reference, the EDB report identifies chemicals, metallurgy
and machine-building as the sectors with the greatest potential for
deeper regional cooperation, alongside emerging opportunities in
electrical equipment, agricultural machinery, packaging and
pharmaceuticals.
