Uzbekistan’s foreign trade turnover down by more than 18%

POLITICS 15:46 / 21.07.2020 432

Foreign trade turnover of Uzbekistan in January-June 2020 has decreased by 18.2% compared with the same period last year, follows from the report of the State Statistics Committee.Foreign trade turnover of Uzbekistan in January-June 2020 has decreased by 18.2% compared with the same period last year, follows from the report of the State Statistics Committee.

In January-June 2020, the republic’s foreign trade turnover reached $15.8 billion. Compared to the same period in 2019, the figure has decreased by $3.5 billion.

Of the total volume of foreign trade turnover, exports amounted to $6.28 billion (22.6% decrease was noted in comparison with January-June 2019), and imports – $9.57 billion (down by 15%). As a result, a $3.28 billion passive balance was recorded in foreign trade turnover. 

In January and February the foreign trade turnover was at the level of $2.9 billion, in March there was a sharp decline and it dropped to $2.2 billion (compared with February, a decrease of 25.3%).

Today Uzbekistan carries out trade relations with more than 150 countries of the world. The main trading partners of Uzbekistan are China (18.1%), the Russian Federation (16.3%), Kazakhstan (8.4%), the Republic of Korea (7.1%), Turkey (5.6%), Kyrgyzstan (2.5%) and Germany (2.1%).

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