The trade turnover of Uzbekistan for 11 months reached $44.95 billion, having increased by $6.84 billion, or 18%, compared to January-November last year. This follows from the data of the State Committee on Statistics.
Exports since the beginning of the year increased to 17.36 billion (+12%), and imports to 27.59 billion (+22.1%). The foreign trade deficit exceeded 10.22 billion, which is 45.5% more than last year’s figure (-$7.02 billion).
For the first time since April, Uzbekistan resumed the export of gold and sold the precious metal worth $556.7 million in November. Gold ranks third (20.3%, or $3.53 billion) in the structure of exports after industrial goods (23.1%, $4.01 billion) and services (20.8%, $3.62 billion).
Exports excluding gold in value terms increased by 21.4% to $13.84 billion. This was achieved mainly due to the growth in sales of textile products by 9.5% – up to $2.9 billion, vegetables and fruits – $1.05 billion (+20.7%), gas – $ 910.9 million ( +30.3%), oil and oil products – $148.4 million (2 times), fertilizers – $393.8 million (35.6%) and other items.
It is worth noting separately the growth in exports of power generating machines and equipment by 8.1 times ($154.5 million) and non-special machinery and equipment for industry, machine parts by 2.8 times ($75.8 million).
Textile exports account for 16.7% of the structure of total exports. Most products are yarn (45.2%), finished knitwear, and garments (28.5%). At the same time, the share of the latter is growing.
For Uzbek textiles, the Russian market remains the main one, where products worth $1.16 billion (+41%) were sent. Deliveries to Turkey increased by 21.8% to $481.9 million, but to China, they more than doubled from $609.3 million to $253.1 million.
As for imports, food supplies remain at a high level: grains and products from them – $957.5 million (+30.1%), various food products and drugs – $438.4 million (almost twice), sugar, sugar and honey products – $518.9 million (+49.6%), meat and meat products – $283.9 million (+80.8%).
Imports of oil and oil products also increased – $1.09 billion (+17.9%), coal, coke and briquettes – $266.1 million (72.3%), electric current – $105.8 million (+23, 9%), while gas supplies fell to $104.8 million (-23.2%).
Imported medical and pharmaceutical products worth $1.44 billion (+1.9%), plastics – $769.7 million (+39.7%), iron and steel – $2.27 billion (+25.6%), cars — $1.92 billion (+11.1%).
Dynamics of major partner countries in the foreign trade turnover of Uzbekistan (for January-November, million US dollars).
Russia again regained its leadership in foreign trade with Uzbekistan – $ 8.34 billion (share – 18.6%). The volume of exports to Russia increased by 49.5% to $2.8 billion, while imports increased by 17.3% to $5.54 billion.
China dropped to second place with $8.18 billion (18.2%). Next comes Kazakhstan – $4.2 billion (9.3%), Turkey (6.5%) – $2.93 billion and the Republic of Korea – $2.17 billion (4.8%).
Trade with Russia and China proliferates (26.7% and 21.6%, respectively). While the growth of trade with Kazakhstan has slowed down: if the indicator for the same period in 2021 increased by 34.7%, then this year it is 18.7%.
Foreign trade with Turkey began to fall: if last year the indicator increased by 61.8%, then this year the decline was 3.5%. This may be due to the lira devaluation and logistics problems.
Trade relations with Korea after falling in 2021 (-12%) increased by 29.1%.
Trade with Kyrgyzstan increased by 31.3%, with Turkmenistan – at 12.7%, Tajikistan – at 11.8%, and Afghanistan – at 11.3%.
Uzbekistan is increasingly expanding trade relations with the CIS countries. Due to the decrease in trade turnover with other foreign countries, the share of the CIS countries increased to 40% (it was 36.9%). Dependence on export markets in the CIS also increased from 31.5% to 41%, mainly due to Russia.
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