The Statistics Agency provided information on Uzbekistan's foreign trade turnover from January to May 2024.
According to the report, the country's foreign trade turnover reached $26.7 billion during this period. Exports amounted to $10.8 billion, and imports to $15.8 billion. Compared to the same period last year, the volume of exports increased by 1.9%, and imports by 3.7%. The negative trade balance reached $5 billion.
China maintained its position as Uzbekistan's largest trading partner. During the reporting period, the volume of mutual trade reached $5 billion, accounting for 18.9% of the country's total foreign trade turnover. Additionally, significant portions of foreign trade turnover were recorded with Russia (17.9%), Kazakhstan (5.9%), Turkey (4.5%), and South Korea (3.4%).
In January-May 2024, the top 10 countries with the highest share in Uzbekistan's foreign trade turnover were:
- China – $5.05 billion
- Russia – $4.78 billion
- Kazakhstan – $1.58 billion
- Turkey – $1.19 billion
- South Korea – $920 million
- France – $471 million
- Turkmenistan – $455 million
- Germany – $426 million
- USA – $386 million
- Afghanistan – $382 million
Of the 20 largest partner countries in foreign economic activity, a positive trade balance was observed with five countries – France, Afghanistan, Kyrgyzstan, Tajikistan, and Pakistan. A negative trade balance remained with the other 15 countries.
Notably, compared to the same period last year, the volume of exports to the following countries increased significantly: Russia (from $1 billion to $1.35 billion), France (from $161 million to $319 million), Afghanistan (from $326 million to $372 million), and the USA (from $72 million to $110 million). The supply of goods to all Central Asian countries decreased:
- Kazakhstan (from $578 million to $485 million)
- Kyrgyzstan (from $307 million to $195 million)
- Tajikistan (from $233 million to $199 million)
- Turkmenistan (from $69 million to $48 million)
Additionally, the volume of exports to China decreased from $844 million to $822 million.
Exports
During the 5 months, exports excluding gold increased by 5.9%, reaching approximately $6.58 billion. During this period, the share of gold in total exports was 38.6% or $4.2 billion.
The share of industrial products in the overall export structure increased from 15.8% to 15.9%, chemical products from 4.3% to 5.6%, mineral fuels from 3% to 3.2%, and machinery and transport equipment from 4.5% to 4.6%.
Conversely, the share of gold decreased from 40.3% to 38.6%, and food products and live animals from 6.3% to 5.8%.
Imports
In the import structure, the largest share was attributed to machinery and transport equipment (37.3%), industrial goods (15.2%), and chemical products and related items (12.3%).
