The most promising categories of goods and foreign destinations in relation to Uzbekistan’s export potential have been assessed by the country’s Institute of Macroeconomic and Regional Studies (IMRS).

The IMRS study also assessed which regions of Uzbekistan are best placed to produce the different categories of goods for export.

The institute’s analysts used data obtained from the go4WorldBusiness international online marketplace for. Calculations were carried out on the basis of a sample of more than 26,000 international cargo shipments that took place from January to April. The focus was put on 25 types of products. An index of comparative advantages was then drawn up, with each region’s strengths analysed.

The most promising export markets for textiles were determined to be Italy, France, Spain, Belgium, the Netherlands, Denmark, Greece, Germany, Turkey, the UK and the UAE.

Exporters from the Namangan, Khorezm, Bukhara, Navoi, Andijan and Samarkand regions, as well as Tashkent, have an advantage in exporting these types of products, the analysis ascertained.

Entrepreneurs from the Samarkand, Kashkadarya, Andijan, Ferghana and Bukhara regions, as well as from Tashkent and Karakalpakstan are advised by the study to supply yarn, silk, carpets and leather products to Germany, Italy, Holland, France, Belgium, Spain, Israel, Qatar, Hong Kong and Thailand.

France, Germany, China, Hong Kong, India, Saudi Arabia and the UAE, it was also concluded, can make good markets for grain crops, flour and spices from Uzbekistan. This opens up export opportunities for the Bukhara, Surkhandarya, Samarkand, Ferghana, Samarkand and Khorezm regions.

In terms of fruits and vegetables from the Namangan, Jizzakh, Khorezm, Samarkand, Syrdarya and Tashkent regions, profitable opportunities were said to exist across a great many countries in Europe, Asia and the Middle East.