Uzbekistan Export Data

Uzbekistan's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Uzbekistan's leading trade partners include Russia, China, Turkey, South Korea, and the United States.

• Imports: The top 5 imports are machinery, agricultural products, electronic devices, chemical products, and textiles, accounting for 35%, 20%, 15%, 12%, and 8% of total imports respectively.

• Exports: Main exports include cotton, gold, natural gas, fruits & vegetables, and minerals, comprising 25%, 20%, 15%, 10%, and 8% of total exports.

• Trade Balance: Uzbekistan currently experiences a slight trade surplus, largely due to robust gold exports and increased foreign investment in agriculture.

• Trade Policies: Recent liberalization efforts have streamlined customs processes and reduced tariffs on certain goods, aiming to boost trade and investment.

Domestic Market

• Consumer Spending: Consumer spending has seen steady growth, driven by rising incomes and urbanization, though inflation is a concern.

• Inflation & Interest Rates: The Central Bank of Uzbekistan has maintained high interest rates to curb inflation, which has been hovering around 15%.

• Supply Chain Integrity: Supply chains have been relatively stable, benefiting from the government's push for local production and improved logistics infrastructure.

• Industry Performance: The agricultural sector is flourishing, while the technology and service industries are rapidly expanding, supported by government incentives.

Overall Outlook

Uzbekistan's economy shows resilience, bolstered by diversified exports and a growing domestic market. Challenges like inflation and trade policy adjustments require careful management for sustainable growth.