Uzbekistan's foreign trade turnover nearly reached $21bn in 4M24, following a 5.9% y/y expansion, reported the country's official statistics agency.
Total trade volume for the four months was reported at $20.9bn, with exports up by 9% y/y to $8.5bn and imports higher by 3.9% to more than $12.4bn. Uzbekistan's trade deficit was thus $3.9bn.
China remains Uzbekistan's largest trading partner, with a trade volume of $3.96bn, accounting for 19% of Uzbekistan's total trade. Exports to China amounted to $644.4mn in 4M24, while imports were $3.32bn. The trade volume was up by 18.24% y/y, driven primarily by imports.
Russia was by a relatively small margin compared to China, Uzbekistan's second-largest trading partner, with a trade volume of $3.84bn, representing 18.4% of total trade. Exports to Russia stood at $1.02bn, and imports were $2.82bn. The trade volume with Russia grew 29.37% y/y.
Kazakhstan's trade volume with Uzbekistan declined to $1.22bn. It made up 5.9% of total trade. Exports to Kazakhstan were $383.9mn, while imports stood at $841.1mn. The trade volume decreased by 18.77% y/y, mainly due to a reduction in imports.
In relation to other notable trade partners
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