Uzbekistan aims to increase private sector's share in exports to 60%

An article dedicated to the export potential of Uzbekistan was published in Hungary's leading online publication, Hello Magyar, highlighting the country's systematic efforts to achieve the goal set in the "Uzbekistan - 2030" strategy, which aims to increase the private sector's share in exports to 60 percent.

Photo: KUN.UZ

It is noted in the article that from 2017 to 2023, the total volume of Uzbekistan's exports amounted to $120 billion. In 2023 alone, export volume reached $24 billion, reflecting a 64 percent increase compared to 2017.

"Over the past six years, Uzbekistan has expanded its export geography to 33 new countries, bringing the total number of foreign markets to 115," notes Hello Magyar. "Uzbek products entered the markets of Peru, Panama, Mexico, the Dominican Republic, Argentina, Albania, Serbia, Finland, Luxembourg, and other countries for the first time."

The article emphasizes that in recent years, the main focus of the national export support system has been on involving businesses in export activities. "For example, nearly 3,000 local companies joined export activities last year. Between January and October of the current year, 2,450 companies entered foreign markets for the first time and exported products worth 1 billion US dollars," the article states.

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