According to preliminary data from the National Committee of the Republic of Uzbekistan on Statistics, Uzbekistan’s foreign trade turnover (FTT) amounted to USD 10.8 billion in January–February 2025, which is an increase of USD 973.3 million or 9.9% compared to the same period in 2024.
Of the total foreign trade turnover, exports accounted for USD 4.643 billion (up 27.7% compared to January–February 2024), while imports amounted to USD 6.203 billion (down 0.6%). As a result, the foreign trade balance remained negative at USD –1.56 billion.
Exports: Steady Growth Driven by Gold and Services
Exports reached USD 4.64 billion, up 27.7%. The main contributors were:
- Non-monetary gold – USD 1.73 billion (37.3% of total exports);
- Services – USD 1.18 billion (25.3%, up 61.5%).
There was also growth in the export of:
- Food and live animals – USD 294.6 million (+24.5%);
- Mineral fuels and related materials – USD 143.6 million (+30.6%);
- Chemical products – USD 275.4 million (+10.9%).
Meanwhile, exports of industrial goods and machinery declined by 5.6% and 7%, respectively.
Geography of Uzbekistan’s Foreign Trade
Uzbekistan maintained trade relations with 162 countries. The largest trade partners were:
- China – 19.2%;
- Russia – 14.9%;
- Kazakhstan – 6.1%;
- Turkey – 3.9%;
- Afghanistan – 2.5%.
Dynamics of Major Trade Partners (USD million):
|
No |
Country |
2023 |
2024 |
2025 |
|
1 |
China |
1,330.1 |
2,131.4 |
2,081.0 |
|
2 |
Russia |
1,463.8 |
1,765.9 |
1,619.5 |
|
3 |
Kazakhstan |
700.2 |
581.0 |
659.9 |
|
4 |
Turkey |
555.0 |
436.3 |
418.0 |
|
5 |
Afghanistan |
111.6 |
131.2 |
276.2 |
|
6 |
South Korea |
308.0 |
368.9 |
260.5 |
|
7 |
Germany |
573.4 |
174.7 |
256.4 |
|
8 |
India |
95.3 |
135.7 |
195.3 |
|
9 |
France |
151.7 |
193.4 |
184.1 |
|
10 |
Kyrgyz Republic |
168.3 |
96.2 |
163.0 |
|
11 |
UAE |
76.1 |
95.1 |
160.1 |
|
12 |
USA |
68.1 |
115.7 |
142.8 |
|
13 |
Belarus |
92.6 |
90.5 |
112.5 |
|
14 |
Turkmenistan |
59.8 |
143.5 |
110.0 |
|
15 |
Tajikistan |
86.3 |
118.5 |
85.9 |
|
16 |
Pakistan |
55.4 |
83.6 |
82.6 |
|
17 |
Lithuania |
160.7 |
111.9 |
75.0 |
|
18 |
Italy |
69.9 |
80.5 |
68.1 |
|
19 |
Iran |
81.2 |
77.1 |
66.1 |
|
20 |
Brazil |
121.7 |
44.3 |
65.6 |
Sectoral Overview: Fruits, Vegetables, and Textiles
- Fruit and vegetable exports totaled 192.9 thousand tons, reaching USD 175.1 million (+16.7%). Key products: beans, dried grapes, prunes, and fresh fruits.
- Textile exports amounted to USD 403.7 million, down 22.4%, with ready-made garments (45%) and yarn (35%) dominating the structure.
Imports: Decrease Due to Lower Energy Purchases
Imports in January–February 2025 amounted to USD 6.2 billion, a 0.6% decrease year-on-year, largely due to a 20.4% drop in purchases of mineral fuels. However, imports of:
- Food rose by 20.9%;
- Oils and fats by 56.7%;
- Chemical products by 6.6%.
Service imports increased to USD 660.8 million (+45.4%), mainly driven by:
- Travel (tourism) – 60.3%;
- Transport – 19.5%;
- ICT and information services – 8.5%.
Main Import Sources:
- China – 28.7%;
- Russia – 17.3%;
- Kazakhstan – 7.6%;
- South Korea – 4.1%;
- Germany and Turkey – 3.8% each;
- India – 2.8%.
Foreign Trade Balance
Uzbekistan’s foreign trade balance remained negative at USD –1.56 billion, an improvement compared to the same periods in 2023 (–2.59 billion) and 2024 (–2.6 billion).
Source: National Committee of the Republic of Uzbekistan on Statistics