Uzbekistan’s 1H23 foreign trade up almost one fifth to $29bn

By Muzaffar Ismailov in Tashkent July 23, 2023

Uzbekistan's 1H23 foreign trade volume rose 19.4% y/y to $29.17bn, the national statistical agency has reported.

Exports amounted to $12.14bn on a 23% y/y expansion. Imports grew somewhat more slowly at 17% y/y, but still much exceeded exports at $17.03bn.

China was Uzbekistan’s main trading partner. Bilateral trade amounted to $5.27bn, or 18% of turnover. Chinese exports accounted for $4.23bn of that figure.

Russia placed second for foreign trade at $4.41bn, followed by Kazakhstan ($2.19bn), Turkey ($1.49bn) and South Korea ($1.03bn).

Exports to France grew sharply, reaching $195mn, up threefold year on year.

Excluding gold, manufactured goods remained the main item on Uzbekistan's list of exported commodities. Even taking into account an 8.9% y/y drop, they brought in $2.13bn, more than 17% of all export revenue. Half of this amount was provided by textiles and fabrics ($1.08bn, -14% y/y).

In imports, heavy industry items were the clear leader at $6.43bn (+29.8% y/).

The country imported $620mn (+56.7% y/y) worth of cars and $667.9mn worth of spare parts. Another $2.1bn was spent on industrial machines and components.

Uzbekistan also significantly increased its imports of fuels and lubricants. Gas supplies increased by 2.6 times to $200mn, and oil and petroleum products by two-thirds to $925.9mn.

#Uzbekistan #Trade #Export #Macro #China #Russia

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