Trade turnover between Uzbekistan and Kazakhstan gained by 7% y/y from January to April, Azernews reported.
Total trade volume reached $1.5bn, compared to $1.4bn during the same period in 2022. Uzbekistan's exports to Kazakhstan amounted to $426.8mn, showing a significant increase of 16.4% y/y from $366.5mn.
On the other hand, Kazakhstan's exports to Uzbekistan totalled $1.08bn, up 4% y/y from $1.04bn.
Earlier this year, Kazakh Prime Minister Alikhan Smailov highlighted how Uzbekistan is one of the country's major trading partners, with bilateral trade reaching $5bn in 2022. Both nations have set a medium-term target to further increase their trade volume to $10bn.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Iran pushes farm-trade pivot to EEU as US blockade squeezes Gulf ports
The Islamic Republic of Iran wants to widen agricultural trade and joint investment with Eurasian Economic Union (EEU) states, a deputy agriculture minister told the bloc's farm-policy council ... more
Eurasian Development Bank receives first-time Ag credit rating from CCXAP
The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable ... more
OPEC+ completes voluntary cut rollback with September hike
OPEC+ agreed on August 2 to raise output by around 188,000 barrels per day (bpd) from September, completing the unwinding of voluntary cuts first agreed in 2023. The decision, taken at a virtual ... more