Why is this important
The country is accelerating its integration into global trade: exports are growing faster than imports, strengthening foreign currency inflows and mitigating the pressure on the balance of payments. However, the negative balance remains significant, reflecting the economy’s needs for equipment and technology.
What happened
- Foreign trade turnover: $66.5 billion, +22.9% year-on-year.
- Export: $29 billion, +27.8%.
- Imports: $37.53 billion, +16.9%.
- Balance: minus $8.52 billion.
- Trade partners: China — 19.7%, Russia — 15.9%, Kazakhstan — 5.9%.
- Export structure: goods — 73.3%; non-monetary gold — $9.9 billion; fruits and vegetables — $1.72 billion; textiles — $2.05 billion.
- Imports: machinery and transport equipment — 34%; industrial goods — 15.8%; chemicals — 12.3%.
- Trade geography: 210 countries for export/import; purchases were made from 177 countries.
What they say
Economists note that the growth of exports is supported by high global gold prices and strong seasonal dynamics of agricultural supply, while the decline in textile exports reflects weak demand in foreign markets.
Context
2025 has become one of the most dynamic years for Uzbekistan’s foreign trade: the acceleration of exports is combined with the growing import of technologies and equipment, which is linked to investment projects in industry and energy.
