UzAFI – State Investment Committee of the Republic of Uzbekistan

11/23/2021 | Press release | Distributed by Public on 11/23/2021 15:12

Uzbekistan’s foreign trade turnover exceeds US$32.65 billion

According to the results of January-October 2021, Uzbekistan's foreign trade turnover reached US$32.65 billion, which, compared to the same period in 2020, increased by US$2.55 billion (an increase of 8.5%), the State Statistics Committee of Uzbekistan said.

Of the total volume of the foreign trade turnover, exports amounted to US$12.43 billion (by January-October 2020, a decrease of 6.7% was noted), and imports - US$20.22 billion (an increase of 20.5%).

As a result, the balance of foreign trade turnover amounted to a passive balance in the amount of - US$7.78 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 179 countries of the world. The largest volume of foreign trade turnover was recorded with the PRC (18.6%), the Russian Federation (18.0%), Kazakhstan (9.7%), Turkey (8.3%), the Republic of Korea (4.7%), Kyrgyzstan (2.4%) and Germany (1.9%).

In the structure of the republic's foreign trade turnover, a significant share was recorded in Tashkent city, which is 40.3%, or US$13.17 billion, and the smallest share was recorded at 1.1%, or US$345.2 million, which was recorded in Surkhandarya region.

The share of foreign trade turnover of the CIS countries, compared to the same period in 2020, increased by 6.5% and their share in foreign trade turnover, in January-October 2021, amounted to 37.8%.

The volume of foreign trade turnover of other states in January-October 2021, compared to the same period of 2019-2020, accordingly decreased 6.5% and amounted to 62.2% of the total foreign trade turnover.

The foreign trade turnover of the Republic of Uzbekistan with the CIS countries reached US$12.34 billion. Of these, the volume of exports amounted to US$4.29 billion, and the volume of imports - US$8.04 billion.

The largest volume of foreign trade turnover with the CIS countries was recorded with the Russian Federation (47.5%), Kazakhstan (25.6%) and Kyrgyzstan (6.3%).

The foreign trade turnover of the Republic of Uzbekistan with the EAEU countries amounted to US$10.11 billion. Of these, the volume of exports amounted to US$3.32 billion, and the volume of imports - US$6.79 billion.

In January-October 2021, the total number of exporting entities amounted to 6 035 units, which brought the volume of exports without gold to 10 072.6 million US dollars (an increase of 33.9% compared to the same period in 2020).

In the structure of exports, 83.3% are goods, which mainly fall on industrial goods (28.0%), food products and live animals (8.7%), chemicals and similar products (6.9%).

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 34.5%.

Compared to 2019-2020, our main partners in the export of goods and services in foreign trade in January-October 2021 were countries such as China, the Russian Federation, Turkey, Kazakhstan, Kyrgyzstan, Afghanistan and Tajikistan. Their share in the total export volume reached 61.2%.

In the structure of the republic's exports, a significant share was noted in the city of Tashkent, which is 25.2%, or US$3.13 billion, and the smallest share was recorded at 1.3%, or US$161.1 million in Jizzakh region.

The volume of exports of fruits and vegetables amounted to 1.23 million tons and, in value terms, exceeded US$747.4 million (the rate of decline, compared to the same period in 2020, respectively, amounted to 8.7%). Based on this, 649.1 thousand tons of vegetables were exported in the amount of US$298.0 million, as well as 267.2 thousand tons of fruits and berries in the amount of US$241.5 million.

In January-October 2021, the share of fruits and vegetables in total exports amounted to 6.0%.

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-October 2021, the largest volume in value terms of exports of fruit and vegetable products falls on the Russian Federation (32.7% of the total volume of fruit and vegetable products), which exceeds the volume of exports to China by 4.4 times.

At the end of January-October 2021, the export of textile products was carried out in the amount of 2 380.9 million US dollars, which amounted to 19.1% of the total export volume and, compared to January-October 2020, it increased by 56.3%.

In the structure of the export of textile products, the main share is taken by cotton yarn (55.3%), as well as finished knitwear and garments (22.3%). In January-October 2021, more than 499 types of textile products were exported to 64 countries of the world.

The largest share of textile exports falls on the Russian Federation (US$736.7 million - 30.9%) and China (US$572.9 million - 24.1%).

The volume of exports of services in January-October 2021 amounted to US$2.07 billion, or 16.7% of the total trade exports and increased, compared to the same period in 2020, by 27.7%.

Transport services (69.3%), travel (tourism) (15.1%), 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 (4.0%), respectively, account for the largest share of financial services (1.1%), insurance and pension services (0.9%), construction services (0.7%), etc.

During the reporting period, imports amounted to US$20.22 billion (an increase in growth rates compared to January-October 2020 amounted to 120.5%). The main share in its structure is occupied by machinery and transport equipment (33.4%), industrial goods (18.5%), as well as chemicals and similar products (14.4%).

The analysis of the dynamics of imports of goods also showed that in January-October 2021, compared to the same period in 2020, the volume of imports of goods increased by US$2.99 billion and amounted to US$18.83 billion, and imports of services reached US$1.39 billion.

The share of imports from the CIS countries, compared to the same period in 2020, increased by 3.5%, and their share in foreign trade turnover, in January-October 2021, amounted to 39.8%.

In general, in January-October 2021, goods and services from 153 countries were imported to the Republic of Uzbekistan. One-third of imports are from such large partner countries as the Russian Federation, China, Kazakhstan, 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$10.04 billion, and the smallest share is recorded in Surkhandarya - 0.9%, or US$172.1 million.

The volume of imports of services in January-October 2021 amounted to US$1.39 billion, or 6.9% of its total volume, and increased by 46.5% compared to the same period in 2020. Travel (tourism - 49.3%), transport services (11.2%), other business services (11.0%), telecommunications, computer, and information services (8.1%) account for the bulk of imports of services.

In addition, other services accounted for 20.4% of total imports of services, including a high share of construction services (7.7%), fees for the use of intellectual property (4.8%), maintenance and repair services (3.7%), etc.

At the end of January-October 2021, the volume of machinery and transport equipment in the structure of imports reached US$6.74 billion and increased, compared to the same period in 2020, by 6.7%, in general, the share in the total volume of imports amounted to 33.4 %.

Imports of machinery and transport equipment increased by US$422.8 million. Most of the supplies of these goods to the country account for the PRC - US$2.25 billion (33.4%), the Republic of Korea - US$1 billion (14.9%), and the Russian Federation - US$690.2 million (10.2%).

In January-October 2021, the volume of industrial goods in the structure of imports reached US$3.74 billion and increased, compared to the same period in 2020, by 30.4%, in general, the share in the total volume of imports amounted to 18.5 %.

The main imports of industrial goods are cast iron and steel (US$1.62 billion), metal products (US$458.8 million), nonmetallic products (US$315.4 million), textile yarn, fabrics, finished products (US$306.0 million), etc.

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