Why is this important
The transition to high-processing industrial exports strengthens the export base, reduces dependence on raw material markets, and creates sustainable growth sources. This is the key to the accelerated industrialization of Uzbekistan.
What happened
- The EDB report estimates Uzbekistan’s processing industry export growth potential at $3.86 billion (26%).
- In the region, only Kyrgyzstan and Armenia show similar growth rates.
- For comparison: Kazakhstan — $7.75 billion (13%), Belarus — $5.07 billion (16%).
- Uzbekistan accounts for 5.46% of the region’s potential in this segment, with a share of 2.78% in current exports.
- According to estimates, the combined effect of industrial growth, import substitution, and exports could exceed $15 billion annually.
- Industrial production can grow by up to 17% if the potential is realized.
- Main drivers: expansion of mechanical engineering, chemical industry, new industries with added value.
Context
Uzbekistan is already focusing on industrialization and diversification of the economy. The EDB report confirms that the country has real advantages for transitioning to more complex types of exports.
It is important that infrastructure, logistics, business climate, and technologies develop in parallel — so that potential becomes a tangible result.
