Uzbekistan’s Foreign Trade Reaches $24.6 Bln in First Four Months of 2025

23/05/25 15:41 178 views Economy 0

Uzbekistan’s foreign trade volume reached $24.6 billion between January and April 2025, marking a $3.44 billion (16.3%) increase compared to the same period in 2024. According to the State Statistics Committee, exports rose sharply by 35.1% to $11.88 billion, while imports grew more modestly by 2.9% to $12.73 billion. As a result, the trade deficit narrowed to $846 million, Kun.uz reports.

Top Trade Partners

Uzbekistan’s leading trade partners during this period were:

  • China – 17%

  • Russia – 15.1%

  • Kazakhstan – 5.7%

  • Turkey – 3.4%

  • South Korea – 2.4%

Trade with Central Asia and Beyond

Recent years have seen a decline in trade with several Central Asian countries. In the first four months of 2025, trade volume dropped with Russia, Turkey, South Korea, and Lithuania. However, trade with China, Afghanistan, France, Germany, India, and the UAE experienced notable growth.

Exports

Gold remained Uzbekistan’s top export item, totaling $5.48 billion — a 60.1% increase year-on-year — and accounted for 46.1% of all exports.

Other key export categories included:

  • Industrial goods – 10.1%

  • Food and live animals – 5.6%

  • Chemicals – 5.1%

  • Mineral fuels – 3.5%

  • Various manufactured goods – 3.4%

Main export destinations were:

  • Russia (10.2%)

  • China (5.1%)

  • Afghanistan (3.5%)

  • Kazakhstan (3.4%)

  • Turkey (2.8%)

  • France (2.6%)

  • UAE (1.5%)

  • Tajikistan (1.3%)

  • Kyrgyzstan (1.2%)

  • Pakistan (1.1%)

Together, these countries accounted for 32.7% of total exports.

Despite domestic shortages, natural gas exports surged to $199 million, up 85% year-on-year. Other notable energy exports included:

  • Oil and oil products: $145 million (down 18.8%)

  • Electricity: $72 million (up 29.6%)

Vehicle and auto parts exports fell by 23.6% to $90 million.

Imports

Imports were primarily composed of:

  • Machinery and transport equipment – 33.9%

  • Industrial goods – 16.3%

  • Chemicals and related products – 13%

Seven countries accounted for two-thirds of Uzbekistan’s imports:

  • China – 28.1%

  • Russia – 19.6%

  • Kazakhstan – 7.8%

  • South Korea – 4.5%

  • Turkey – 3.9%

  • Germany – 3%

  • India – 2.7%

Gas imports fell sharply to $150 million, just 34.8% of last year’s figure. Vehicle imports also declined: $964 million worth of cars were imported in January–March, down 18.6% compared to 2024.

CentralasianLIGHT.org
May 23, 2025