China remains leading trading partner of Uzbekistan in the 1Q of 2019

POLITICS 18:30 / 22.04.2019 1186

In January-March 2019, Uzbekistan conducted trade relations with more than 150 countries of the world. In particular, foreign trade turnover of the republic in the first quarter of the year amounted to $9,406.2 million and increased by $2,010 million (27.2% more than the corresponding period of last year).

Exports reached $4,132.7 million (growth rate - 20.6%), and imports - $5,273.5 million (growth rate - 32.9%). The foreign trade balance amounted to minus $1,140.8 million.

The increase of foreign trade relations of Uzbekistan is carried out on the basis of real needs of national economy, which is in the process of market reforms. At the same time, it is planned to integrate Uzbekistan into the world economy, occupying a worthy place in the list of developed countries.

In January-March of the current year, the number of enterprises engaged in the export of goods, compared to the same period 2018, increased by 419 units and their total number reached 2400 units.

As a result of the measures taken by the Government of the Republic to strengthen cooperation with the CIS countries and comprehensive support of foreign trade, the share of mutual trade with the CIS member states in Uzbekistan’s foreign trade turnover in January-March 2019 reached 33.9% ($3187,8 million), the growth rate of foreign trade, compared to the previous year, amounted to 117.4%.

The percentage of other countries in foreign trade turnover in the first quarter of 2019 decreased by 2.8% and, compared to the same period in 2018, amounted to 66.1%.

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