Uzbekistan’s foreign trade turnover reached $31.3bn in January-May, marking an increase of $4.1bn, or 15% year-on-year (y/y), according to the state statistical agency.

The growth was driven by a 31.1% y/y rise in exports to $14.82bn.

, resulting in a trade deficit of $1.68bn.

Uzbekistan maintained trade relations with 189 countries during the reporting period.

China remained the country’s largest trading partner, accounting for 17.2% of total turnover. Trade with China rose to $5.4bn, up from $5.06bn in 2024 and $4.56bn in 2023.

Russia ranked second with $4.84bn in trade, up slightly from $4.76bn last year.

Kazakhstan followed with $1.79bn, up from $1.58bn in 2024, but still below the $1.94bn recorded in 2023.

Other key partners included Turkey (3.5% of total trade) and the Republic of Korea (2.3%).

In the export structure, goods made up 78.1% of total turnover.

Services accounted for 21.9% of total exports, increasing 32.2% y/y to $3.25bn. Tourism remained the largest category at 50.2%, followed by transport (35.2%) and telecommunications & IT services (8.6%).

Gold exports surged to $6.6bn, up 56.9% y/y and making up 43.8% of total export revenue.

Agricultural exports posted steady gains. 

Fruit and vegetable exports rose 2.8% y/y in volume to 741,000 tonnes and jumped 47.9% in value to $619.6mn, accounting for 4.2% of total exports.

Textile exports, however, declined 18% y/y to $1.06bn, or 7.1% of total exports. Finished products made up 46.8% of the total, followed by yarn at 33.3%.

On the import side, goods accounted for $14.8bn of trade and services $1.7bn.

Machinery and transport equipment dominated with a 33.6% share, followed by industrial goods (16.1%) and chemicals (12.9%).

Service imports increased by 38.6% y/y to $1.7bn, representing 10.3% of total imports.

Tourism accounted for 54.9% of services imports, followed by transport (20.3%) and ICT services (9.6%).

In 4M25, Uzbekistan’s trade turnover reached $24.6bn, rising by $3.4bn or 16.3% compared to the same period of last year.

In 1Q25, foreign trade turnover stood at $17.3bn, up 8.6% y/y.

Trade in January–February 2025 totalled $10.8bn, equivalent to a 9.9% y/y increase.

In January alone, turnover rose to $4.5bn, up 7.1%. It was supported by a 14.1% rise in exports and 4.4% growth in imports.