In the first 11 months of this year, Uzbekistan’s foreign trade turnover amounted to $59.36 billion, reflecting a 3.6% increase compared to the same period last year. This growth was driven by a significant rise in exports, which totaled $24.22 billion (+4.4%), as well as imports, which reached $35.14 billion (+3%).
Uzbekistan did not export gold in November, whereas in October, $833.4 million worth of gold was sold. Since the beginning of the year, gold exports have totaled $6.62 billion, which represents an 18.7% year-on-year decline.
China remains Uzbekistan’s largest trading partner, with a total trade turnover of $11.25 billion. It also retained its position as the leading supplier of goods, accounting for $9.34 billion. Russia ranked second with $10.68 billion, including a significant rise in exports to $3.41 billion.
Kazakhstan ($3.85 billion), Turkey ($2.63 billion), and South Korea ($1.8 billion) were also among Uzbekistan’s top trading partners. Notably, trade surpluses were recorded with key partners such as France, Afghanistan, Kyrgyzstan, and Tajikistan.
Key export insights
Aside from gold, industrial products remain Uzbekistan’s primary export category, generating $3.88 billion (+3.6%) in revenue.
Food product exports totaled $1.97 billion (+19.8%), with vegetables and fruits leading the way at $1.44 billion (+30.9%).
Exports of chemical products increased by 24.6% to $1.5 billion, while non-ferrous metal exports rose by 9.2% to $1.4 billion.
Import trends
Machinery and equipment continued to dominate Uzbekistan’s imports, amounting to $12.15 billion (-8.1%). Industrial goods imports totaled $5.52 billion (-3.5%).
Fuel and lubricant imports surged by 61%, reaching $3.62 billion. Gas imports more than tripled, totaling $1.55 billion, while spending on oil and petroleum products increased by 30.6% to $1.8 billion.
Food imports reached $3.33 billion (+5.6%), with sugar and confectionery imports growing by 11.6%.
