In the first 11 months of 2025, Uzbekistan demonstrated an impressive expansion of foreign economic activity: trade turnover grew by 21.8%, reaching 72.8 billion US dollars, while export growth rates significantly outpaced imports, indicating qualitative changes in the economic structure.

Large-Scale Expansion of Trade Relations

From January to November 2025, the Republic of Uzbekistan continued its course of active integration into the global economy. The country’s foreign trade turnover (FTT) amounted to 72,780.2 million US dollars. Compared to the same period in 2024, this indicator increased by 13,018.4 million dollars, or 21.8%.

The turnover structure shows leading dynamics in export supplies:

• Export volume reached 30,894.8 million dollars, showing significant growth of 26.2% compared to last year.

• Import volume amounted to 41,885.4 million dollars, increasing by 18.7%.

The balance of foreign trade turnover stood at minus 10,990.6 million dollars. This indicator reflects the active investment phase of economic development associated with the import of technologies and equipment for industrial modernization.

Partnership Geography: Key Players

Uzbekistan maintains trade relations with 210 countries worldwide. The largest contribution to the development of foreign trade turnover comes from strategic partners:

1. China: The undisputed leader with a share of 20.1%. Trade volume reached 14,648.1 million dollars (up from 11,257.8 million dollars in 2024).

2. Russian Federation: The share in foreign trade turnover was 16.2%, and the volume was 11,790.9 million dollars (increase from 10,631.4 million dollars).

3. Kazakhstan: The third-largest partner with a share of 6.0% and a volume of 4,360.9 million dollars (compared to 3,854.4 million dollars in 2024).

4. Türkiye: Occupies 3.7% of the market with a turnover of 2,681.1 million dollars.

5. Republic of Korea: The share was 2.2%, trade volume — 1,566.7 million dollars.

Structural Transformation of Exports

In the export structure, goods account for 72.6%, confirming the country’s production potential. A detailed analysis of the product nomenclature shows the following results:

• Manufactured goods: account for 11.3% of the total volume, amounting to 3,490.5 million dollars.

• Food products and live animals: the share grew to 8.7%, and the volume reached 2,685.7 million dollars, showing an impressive growth of 36.2% compared to last year (1,971.2 million dollars).

• Chemical substances and related products: make up 6.0% of exports or 1,864.0 million dollars, increasing by 19.2% (from 1,564.0 million dollars).

• Miscellaneous manufactured articles: the share was 5.0%, volume grew to 1,548.1 million dollars, which is 52.9% more than the previous year’s figure (1,012.8 million dollars).

• Non-monetary gold: export volume amounted to $9,900.1 million, an increase of 49.4% (from $6,626.6 million), accounting for a share of 32.0%.

Growth Drivers: Agricultural Sector and Textiles

The agricultural sector demonstrates confident growth. In January-November 2025, 2,022.2 thousand tons of fruit and vegetable products were exported. In value terms, exports reached 1,942.8 million dollars, which is 36.8% more than in the same period of 2024. The share of fruit and vegetable products in total exports was 6.3%.

Exports of textile products amounted to 2,266.1 million dollars (7.3% of total exports). It is important to note the structure with high added value: the main share is occupied by finished textile products (51.6%) and yarn (28.4%).

Record Growth in Service Exports

The service sector is becoming an increasingly significant driver of foreign currency earnings. The volume of service exports in January-November 2025 amounted to 8,478.3 million US dollars, which is 27.4% of the total trade export volume. Compared to the same period in 2024 (6,577.7 million dollars), this indicator increased by 28.9%.

Leading in the composition of service exports are:

• Travel (tourism): occupies a dominant share of 53.3% (4,520.2 million dollars), indicating a tourism boom in Uzbekistan.

• Transportation services: account for 31.1% (2,639.0 million dollars).

• Telecommunications, computer, and information services: share of 7.9% (666.8 million dollars).

• Other business services: 3.1% (263.9 million dollars).

   

Imports: Technological Renewal

Import growth of 18.7% (to 41,885.4 million dollars) is driven by the growing economy’s modernization needs. In the import structure, the main share is occupied by:

• Machinery and transport equipment: 33.6% of total imports, or 14,058.3 million dollars, confirming the course towards updating production capacities.

• Manufactured goods: 15.7%, volume reached 6,564.3 million dollars.

• Chemical substances: 12.2%, or 5,099.1 million dollars.

Service imports amounted to 4,465.7 million dollars (growth of 31.0%), where the main items are also travel (52.1%) and transportation services (19.5%).

Conclusion

The results of the first 11 months of 2025 indicate the resilience and adaptability of Uzbekistan’s economy to external challenges. Achieving a foreign trade turnover of 72.8 billion dollars with export growth (+26.2%) outpacing imports (+18.7%) is an important indicator of balanced development.

Structural shifts towards increasing the share of finished products, record growth in tourism and information service exports, as well as maintaining the investment nature of imports, create a solid foundation for long-term economic prosperity. Strengthening positions in the markets of strategic partners such as China and Russia, along with expanding trade geography to 210 countries, confirms Uzbekistan’s status as a key economic hub in the region.

Source: National Statistics Committee of the Republic of Uzbekistan