Uzbekistan’s foreign trade turnover grew by 26.2%

At the end of 2019, the foreign trade turnover of the Republic of Uzbekistan amounted to $ 42.2 billion, an increase of $ 8.7 billion. Compared to the same period last year (an increase of 26.2%).

In particular, the export of domestic goods and services to foreign countries grew by $ 3.9 billion, or 28% by 2018, and amounted to $ 17.9 billion.

The main share of export fell on:

products from precious and semiprecious metals – $ 5.1 billion (28.5% of total exports);

services – $ 3.6 billion (19.9%);

energy – $ 2.5 billion (14.1%);

textile products – $ 1.6 billion (9.1%);

food products – $ 1.5 billion (8.5%);

non-ferrous metals and products from them – $ 951.3 million (5.3%);

chemical products and products from them – $ 876.9 million (4.9%);

ferrous metals and products from them – $ 349.6 million (2%).

It is worth noting that during 2019, 2,700 new enterprises were involved in export activities, which ensured additional exports in the amount of more than $ 1 billion. In addition, sales of 206 new types of products to the markets of 42 countries have been mastered.

The import indicator grew by $ 4.8 billion, reaching $ 24.3 billion, which is 25% more than in 2018.

The main import positions were:

mechanical equipment – $ 5.6 billion (23.1% of total imports);

vehicles and spare parts for them – $ 2.6 billion (10.8%);

services – $ 2.4 billion (10%);

ferrous metals and products from them – $ 2.2 billion (9.1%);

electrical equipment – $ 1.3 billion (5.5%);

food products – $ 1.2 billion (5.2%);

energy resources – $ 928.1 million (3.8%);

pharmaceutical products – $ 926.8 million (3.8%);

wood and products from it – $ 903.7 million (3.7%);

chemical products – 843.5 million dollars (3.5%);

plastics and products from them – $ 811.7 million (3.3%).

The number of foreign trade partners of the Republic of Uzbekistan for the reporting period amounted to 178. Currently, the leaders in terms of trade volumes are:

China ($ 7.6 billion, or 18.1%);

Russia ($ 6.6 billion, or 15.7%);

Kazakhstan ($ 3.3 billion, or 8%);

Republic of Korea ($ 2.7 billion, or 6.5%);

Turkey ($ 2.5 billion, or 6%);

Germany (980 million dollars or 2.3%);

Kyrgyzstan ($ 829 million, or 2%);

Afghanistan ($ 618 million, or 1.5%);

United States ($ 596 million, or 1.4%).

In January-December 2019, the volume of trade with the CIS countries amounted to $ 14.6 billion, an increase of 20% compared to last year. In this context, the main trading partners were Russia (46% of the total trade with the CIS countries), Kazakhstan (23%), Kyrgyzstan (6%), Turkmenistan (4%).

The trade turnover with neighboring countries also increased markedly – the growth amounted to 25% compared to 2018: in real terms, exports reached 3.2 billion, while imports reached 2.6 billion.

Among the 20 major partner countries for foreign economic activity, there is a positive balance of foreign trade with 5 countries: Afghanistan, Kyrgyzstan, Tajikistan, Iran and France.