Uzbekistan’s foreign trade turnover amounts to more than $31 billion 

BUSINESS 20:32 / 21.10.2019 545

According to the State Statistics Committee, export in the total volume of foreign trade turnover reached $13.6 billion (growth rate – 45.5%) and import – $17.9 billion (growth rate – 31.5%). In the reporting period, foreign trade turnover of $4.2 billion was recorded.

Uzbekistan maintains trade relations with more than 181 countries of the world. The largest share of the Republic’s foreign trade turnover has been recorded with China (18.7%), the Russian Federation (14.9%), Kazakhstan (8.3%), Republic of Korea (6.6%), Turkey (5.8%), Germany (2.4%) and Kyrgyzstan (2.0%).

Foreign trade turnover in the Q3 of 2019 was $11.9 billion, it increased by 16.4% compared to the Q2 of this year.

In the Q3 of 2019, the share of import in the total volume of foreign trade turnover decreased (from 58.1% to 56.2%), while the share of export increased (from 41.9% to 43.8%). Positive changes are being observed in the structure of foreign trade turnover. In comparison with the same period last year, the share of export in foreign trade increased by 8.9 percentage points.

Following the results of January-September 2019, trade turnover with CIS countries amounted to $10.7 billion and its share in Uzbekistan’s foreign trade turnover reached 33.8%. Strengthening socio-economic ties with neighboring countries also has a positive impact on mutual trade. About 37.7% of the foreign trade with CIS countries, including 42.6% of export and 33.9% of import, has been contributed by the neighboring countries.

The share of other foreign countries in the foreign trade turnover reached 66.2% ($20.9 billion), an increase of 47.8% compared to the corresponding period of the previous year. Among 20 major foreign trade partners, an active foreign trade balance has been observed in five countries: Afghanistan ($424.2 million), Kyrgyzstan ($423.7 million), Tajikistan ($104.0 million), France ($44.0 million) and Iran ($6.1 million). The remaining 15 countries maintain a passive foreign trade balance.

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