Business

Uzbekistan’s trade volume reached $36 billion

Uzbekistan’s foreign trade volume increased by 27.2% in the January-September period of the year compared to the same period of the previous year, reaching $36 billion.

Uzbekistan State Statistics Committee published the foreign trade reports for the first 9 months of the year.

In the 9 months of 2022, the country’s exports increased by 35.7% compared to the same period of 2021, reaching $14 billion 51.5 million, while its imports increased by 22.3% to $21 billion 973.1 million.

In the said period, the country’s foreign trade deficit was calculated as $7 billion 921.6 million.

In the country’s exports, industrial products accounted for 24.2%, gold 21.1%, services sector 20.1%, and food and livestock 7.7%. Chemical products had a share of 6.9%, machinery and equipment 32.1%, industrial products 19.2% and chemical products 13.8% in imports.

In the 9 months of the year, the countries with which Uzbekistan traded the most were China with $6 billion 788.4 million , Russia with $6 billion 544 million , Kazakhstan with $3 billion 261.8 million, Turkiye with $2 billion 456.4 million and South Korea with $1 billion 826.3 million. Uzbekistan’s foreign trade volume increased by 2.5% in January-September 2021 to $28 billion 216 million.

Uzbekistan’s foreign trade volume increased by 2.5% in January-September 2021 to $28 billion 216 million.

UZBEKISTAN AND TURKIYE COMMERCIAL RELATIONS

Turkiye became the 4th commercial partner of Uzbekistan with a share of 6.8% in the 9 months of this year.

Uzbekistan-Turkiye foreign trade volume increased by 1.1% in the same period of the year and reached $2 billion 456.4 million.

In the 9 months of the year, Uzbekistan’s exports to Turkiye decreased by 4.2% compared to the same period of 2021 and became $1 billion 197.9 million, and its imports from Turkiye increased by 6.7% to $1 billion 258.6 million.

In January-September 2021, the foreign trade volume between Uzbekistan and Turkiye was $2 billion 429.5 million.

Source: NTV / Translated by Irem Yildiz

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