Uzbekistan’s foreign trade turnover amounted to $24.6bn in January-April, with the figure up by $3.4bn or 16.3% y/y, according to the national statistical agency.

The increase was fuelled by a 35.1% y/y rise in exports, which reached $11.88bn.

Imports rose modestly by 2.9% y/y to $12.73bn, resulting in a trade deficit of $846.3mn.

Uzbekistan maintained trade relations with 183 countries during the reporting period.

China remained the country’s top trading partner, accounting for 17.0% of total trade. Turnover with China stood at $4.18bn, up from $3.96bn in 2024.

Russia ranked second, with total trade reaching $3.71bn, down slightly from $3.82bn a year earlier.

Kazakhstan followed with $1.39bn in trade, up from $1.22bn in 2024 but below the $1.51bn seen in 2023.

Other key trading partners included Turkey (3.4% of total trade) and the Republic of Korea (2.4%).

In the export structure, services made up 21.1% of total turnover, with strong growth in tourism, transport and telecommunications sectors. 

Services exports rose 36.4% y/y to $2.5bn. Tourism accounted for 47.2% of services exports, followed by transport services (36.9%) and telecommunications & IT (9.4%).

Uzbekistan’s gold exports reached $5.48bn in January-April 2025, up 60% y/y, with $1.91bn exported in April alone.

Agricultural exports showed mixed results. Fruit and vegetable exports fell 9.8% in volume to 463,200 tonnes, but the value increased 39.3% to $415.1mn on higher global food prices.

Textile exports declined 17.2% y/y to $839.4mn, comprising 7.1% of exports. Finished textile products accounted for 46.4%, while yarn made up 33.6%.

On the import side, goods accounted for $11.39bn of total imports. 

Machinery and transport equipment dominated at 33.9% of imports, followed by industrial goods (16.3%) and chemicals (13.0%).

Service imports rose 38.6% y/y to $1.34bn, representing 10.5% of imports. 

Travel and tourism services accounted for 55.5% of this category, followed by transport services (20.2%) and telecommunications & IT (9.8%).

In 1Q25, foreign trade turnover reached $17.3bn, marking an 8.6% increase y/y.

Trade in January–February totalled $10.8bn, up 9.9% compared to the same period in 2024.

In January alone, trade turnover rose to $4.5bn, reflecting a 7.1% annual increase, supported by a 14.1% rise in exports to $1.3bn and 4.4% growth in imports to $3.19bn.