Uzbekistan’s 4M23 foreign trade expands 13.4% y/y to $19.6bn

By Muzaffar Ismailov in Tashkent May 23, 2023

Uzbekistan's foreign trade turnover in 4M23 amounted to $19.57bn, marking an expansion of 13.4% y/y.

Exports were valued at $7.66bn, up 6.2% y/y. Imports showed a more significant increase, rising by 18.6% y/y to $11.91bn. The foreign trade deficit thus reached $4.25bn.

China remained Uzbekistan's top trading partner at $3.3bn (equating to almost 17% of total trade turnover), with imports from China accounting for $2.72bn. Russia retained the ranking of main export market for Uzbek goods at $585.4mn, while it was second for imports at $2.15bn.

Excluding gold, the largest share in Uzbekistan's commodity exports was accounted for by manufactured goods at $1.3bn, down 13.6% y/y.

Revenues from the export of textiles and fabrics decreased by almost 17% y/y to $680mn.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan’s key rate held at 14% as central bank points to fears over reacceleration of inflation

Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more

Uzbekistan can expect GDP growth of 5.2% this year and 5.4% next, says IMF

The International Monetary Fund (IMF) projects real GDP growth of 5.2% this year and 5.4% in 2025 for Uzbekistan in its newly released ... more

Tashkent Stock Exchange reports decline in 1Q24 trading volume

Tashkent Stock Exchange (TSE) has released its results for 1Q24, revealing a significant decrease in trading volume y/y. The results report, compiled by the TSE and Avesta Investment Group, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss