Uzbekistan’s foreign trade activity in January 2025 continued its steady growth, expansion of trade relations, and structural transformations. According to the Statistics Agency under the President of the Republic of Uzbekistan, the country’s foreign trade turnover (FTT) amounted to $4.51 billion, which is 7.1% more than in January 2024.

Overall Foreign Trade Turnover (FTT) Indicators

• Exports – $1.31 billion (29.1% of FTT, an increase of 14.1% compared to January 2024).
• Imports – $3.2 billion (70.9% of FTT, an increase of 4.4%).
• Foreign Trade Balance – -$1.89 billion (improved compared to -$1.92 billion in January 2024).

The increase in exports and the reduction in the trade deficit confirm the strengthening of Uzbekistan’s export potential and the diversification of supply markets.

Geography of Foreign Trade Turnover

Regional Distribution of FTT:

• Asia – 52.7% ($2.38 billion)
• Europe – 34.1% ($1.54 billion)
• North America – 1.6% ($72.2 million)
• South America – 1.1% ($49.6 million)
• Africa – 0.1% ($4.5 million)
• Australia – 0.003% ($1.35 million)

The 8.3% increase in trade with Asia is due to the growth in exports to China, Kazakhstan, and Turkey, as well as the rising imports of industrial equipment and chemical products.

Top 10 Export Partners

Major export destinations:

1. China – 16.2% ($212.2 million)
2. Russia – 14.8% ($194.0 million)
3. Kazakhstan – 9.4% ($123.2 million)
4. Turkey – 6.5% ($85.2 million)
5. Afghanistan – 4.1% ($53.7 million)
6. Kyrgyzstan – 3.6% ($47.2 million)
7. Tajikistan – 3.1% ($40.7 million)
8. Iran – 2.7% ($35.4 million)
9. Germany – 2.4% ($31.4 million)
10. Pakistan – 2.1% ($27.5 million)

Export Structure (Amounts and Shares)

Total exports: $1.31 billion

• Non-monetary gold – 29.6% ($388.0 million)
• Textile products – 18.5% ($242.4 million)
• Agricultural and food products – 10.9% ($142.7 million)
• Chemical industry products – 10.1% ($132.3 million)
• Various finished goods – 6.4% ($83.8 million)
• Mineral fuels and oils – 5.3% ($69.4 million)

Impact of Key Export Goods:

• Non-monetary gold remains the leading export commodity, accounting for 29.6% of total export revenues.
• Textile exports increased by 17.5%, demonstrating steady growth in the sector.
• Agricultural exports, particularly fruits and vegetables, grew by 23.1%, highlighting strong international demand.

Top 10 Import Partners

Major import suppliers:

1. China – 24.9% ($796.5 million)
2. Russia – 19.3% ($617.3 million)
3. Kazakhstan – 5.9% ($188.3 million)
4. Germany – 4.7% ($150.9 million)
5. South Korea – 4.3% ($138.2 million)
6. Turkey – 3.8% ($122.3 million)
7. Italy – 3.5% ($112.4 million)
8. Belarus – 3.2% ($102.6 million)
9. France – 2.8% ($89.5 million)
10. India – 2.4% ($76.8 million)

Import Structure (Amounts and Shares)

Total imports: $3.2 billion

• Machinery and equipment – 30.2% ($967.2 million)
• Chemical products – 16.5% ($528.0 million)
• Industrial goods – 15.8% ($505.6 million)
• Food products – 11.9% ($380.8 million)
• Transport vehicles and spare parts – 9.4% ($300.8 million)

Imports of industrial equipment increased by 9.7%, indicating the ongoing modernization of Uzbekistan’s manufacturing sector.

Foreign Trade Activity by Region in Uzbekistan

Top 5 regions by foreign trade turnover:

1. Tashkent city – 41.7% ($1.88 billion)
2. Tashkent region – 9.0% ($406.0 million)
3. Andijan region – 5.7% ($258.9 million)
4. Samarkand region – 5.5% ($248.9 million)
5. Fergana region – 4.0% ($182.3 million)

Andijan region increased foreign trade by 9.3%, primarily due to the growth of automobile and textile exports.

Conclusions

• Uzbekistan’s exports grew by 14.1%, confirming the rising competitiveness of domestic products in global markets.
• Non-monetary gold remains the top export item, accounting for 29.6% of total export revenue, while textiles and industrial goods also hold a significant share.
• The growth of imports in machinery, chemical products, and transport vehicles highlights Uzbekistan’s commitment to industrial modernization.
• The reduction in the trade deficit indicates improved export efficiency and diversification.

Source: Statistics Agency under the President of the Republic of Uzbekistan