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Uzbekistan’s foreign trade turnover reaches US$37.94 billion

In January-November 2021, Uzbekistan’s foreign trade turnover reached US$37.94 billion, which, compared to the same period in 2020, increased by US$4.95 billion (an increase of 15.0%). This was reported by the State Statistics Committee of Uzbekistan.

Of the total volume of the foreign trade turnover, exports amounted to US$15.45 billion (an increase of 8.9% was noted by January-November 2020), and imports – US$22.48 billion (an increase of 19.7%)

As a result, the foreign trade balance amounted to a passive balance of US$7.02 billion.

Among the 20 large partner countries in foreign economic activity, there is also an active foreign trade balance with four countries, in particular with such as Afghanistan, Kyrgyzstan, Tajikistan and Turkey. A passive balance of foreign trade turnover remains with the remaining 16 countries.

Today, Uzbekistan carries out trade relations with 181 countries of the world. The largest volume of foreign trade turnover was recorded with the PRC (17.7%), the Russian Federation (17.4%), Kazakhstan (9.3%), Turkey (8.0%), the Republic of Korea (4.4%), Kyrgyzstan (2.2%) and Germany (1.8%).

In the structure of the foreign trade turnover of the republic, a significant share is noted in Tashkent, which is 38.7%, or US$14.67 billion, and the smallest share is recorded at 1.0%, or US$389.7 million, which is noted in Surkhandarya region

The share of foreign trade turnover of the CIS countries, compared to the same period in 2020, increased by 32.0% and their share in foreign trade turnover, in January-November 2021, amounted to 36.7%.

The volume of foreign trade turnover of other states in January-November 2021, compared to the same period of 2019-2020, respectively increased by 7.0% and amounted to 63.3% of the total foreign trade turnover.

The foreign trade turnover of the Republic of Uzbekistan with the CIS countries reached US$13.91 billion, of which the volume of exports amounted to US$4.85 billion, and the volume of imports – US$9.05 billion.

The largest volume of foreign trade turnover with the CIS countries was recorded with the Russian Federation (47.5%), Kazakhstan (25.4%) and Kyrgyzstan (6.1%).

The foreign trade turnover of the Republic of Uzbekistan with the EAEU countries made up US$11.34 billion, of which the volume of exports amounted to US$3.7 billion, and the volume of imports – US$7.64 billion.

In January-November 2021, the total number of exporting entities amounted to 6,282, which brought the volume of exports without gold to US$11.35 billion (an increase compared to the same period in 2020 was 35.2%).

In the structure of exports, 85.1% are goods, which mainly fall on industrial goods (25.6%), food products and live animals (8.0%), chemicals and similar products (6.5%).

Due to a decrease in exports to other foreign countries, the share of exports to the CIS countries increased and their share in its total volume amounted to 31.4%.

Compared to 2019-2020, our main partners in the export of goods and services in foreign trade in January-November 2021 were countries such as China, the Russian Federation, Turkey, Kazakhstan, Kyrgyzstan, Afghanistan and Tajikistan. Their share in the total export volume reached 55.2%.

In the structure of the republic’s exports, a significant share was noted in the city of Tashkent, which is 22.7%, or US$3.5 billion, and the smallest share was recorded at the level of 1.2%, or US$179.6 million in Jizzakh region.

The volume of exports of fruit and vegetable products amounted to 1,392.6 thousand tons and, in value terms, exceeded US$863.1 million (the rate of decline, compared to the same period in 2020, respectively, amounted to 7.8%). Based on this, 726.3 thousand tons of vegetables were exported for US$353.2 million, as well as 301.3 thousand tons of fruits and berries for US$263.4 million.

In January-November 2021, the share of fruits and vegetables in total exports amounted to 5.6%.

The main export markets for fruit and vegetable products are in the Russian Federation, Kazakhstan, Kyrgyzstan and the PRC.

According to the results of January-November 2021, the largest volume in value terms of exports of fruits and vegetables falls on the Russian Federation (31.5% of the total volume of fruits and vegetables), which exceeds the volume of exports to China by 3.2 times.

According to the results of January-November 2021, the export of textile products was carried out in the amount of US$2.65 billion, which amounted to 17.1% of the total export volume and, compared to January-November 2020, it increased by 56.6%.

In the structure of export of textile products, the main share is taken by cotton yarn (55.5%), as well as finished knitwear and garments (22.0%). In January-November 2021, more than 506 types of textile products were exported to 64 countries of the world.

The largest share of textile exports falls on the Russian Federation (US$820.2 million – 31.0%) and China (US$609.3 million – 23.0%).

The volume of exports of services in January-November 2021 amounted to US$2.3 billion, or 14.9% of the total volume of trade exports and increased, compared to the same period in 2020, by 26.5%.

Transport services (69.0%), travel (tourism) (15.4%), telecommunications, computer and information services (7.0%), and other business services (4.5%) account for the lion’s share of the export of services.

At the same time, other services (4.1%), respectively, account for the largest share of financial services (1.1%), insurance and pension services (1.1%), construction services (0.6%), etc.

During the reporting period, imports amounted to US$22.48 billion (an increase in growth rates compared to January-November 2020 amounted to 19.7%). The main share in its structure is occupied by machinery and transport equipment (32.8%), industrial goods (18.5%), as well as chemicals and similar products (14.5%).

An analysis of the dynamics of imports of goods also showed that in January-November 2021, compared to the same period in 2020, the volume of imports of goods increased by US$3.19 billion and amounted to US$20.94 billion, and imports of services reached US$1.54 billion.

The share of imports from the CIS countries, compared to the same period in 2020, increased by 3.9% and their share in foreign trade turnover, in January-November 2021, amounted to 40.3%.

In general, in January-November 2021, goods and services from 155 countries were imported to the Republic of Uzbekistan. A third of imports are from such large partner countries as the Russian Federation, China, Kazakhstan, the Republic of Korea, Turkey, Germany and Turkmenistan.

In the structure of imports of the republic, a significant share is noted in the city of Tashkent, which is 49.7%, or US$11.16 billion, and the smallest share is recorded in Surkhandarya – 0.8%, or US$185.5 million.

The volume of imports of services in January-November 2021 amounted to US$1.54 billion, or 6.9% of its total volume, and increased by 48.2% compared to the same period in 2020. Travel (tourism – 50.1%), transport services (11.6%), other business services (10.6%), telecommunications, computer and information services (8.0%) account for the bulk of imports of services.

In addition, other services accounted for 19.8% of total imports of services, including a high share of construction services (7.7%), fees for the use of intellectual property (4.4%), maintenance and repair services (3.5%), etc.

At the end of January-November 2021, in the structure of imports, the volume of machinery and transport equipment reached US$7.37 billion and increased, compared to the same period in 2020, by 4.3%, in general, the share in the total volume of imports amounted to 32.8%.

Imports of machinery and transport equipment increased by US$304.8 million. Most of the supply of these goods to the country falls on the PRC – US$2.45 billion (33.3%), the Republic of Korea – US$1.1 billion (15.0%) and the Russian Federation – m763.2 million (10.4%).

In January-November 2021, the volume of industrial goods in the structure of imports reached US$4.16 billion and increased, compared to the same period in 2020, by 29.2%, in general, the share in the total volume of imports was 18.5%.

The main imports of industrial goods are cast iron and steel (US$1.81 billion), metal products (US$511.0 million), products from nonmetallic minerals (US$343.0 million), textile yarn, fabrics, finished products (US$345.4 million), etc.

 

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