The volume of trade turnover of Uzbekistan with Turkic countries has decreased

In January-February, the foreign trade turnover of Uzbekistan increased by almost 1 billion dollars or 10.5% compared to the same period last year and amounted to 9.92 billion dollars. The volume of trade with Turkey, Kazakhstan and Kyrgyzstan decreased. For the first time, Pakistan has become the main market for Uzbekistan's fruits and vegetables.

It amounted to 9.92 billion dollars in January-February 2024 and increased by almost 1 billion dollars or 10.5% compared to the same period last year, Gazeta.uz reported citing the Statistics Agency under the President of Uzbekistan.

Export

Export increased by 13.6% to $3.63 billion, import increased by $6.29 billion (+8.7%). The foreign trade deficit decreased to $2.65 billion, which is $68.2 million more than last year. The gap narrowed slightly due to gold exports alone.

In February, Uzbekistan sold $1.32 billion worth of gold, which is 11.5% more than the figure for January-February 2023 ($1.18 billion). The country's gold and currency reserves have decreased. Precious metals make up 36.3 percent of the country's exports.

The share of industrial goods in exports decreased sharply from 19.2 percent to 16.8 percent against the background of a decrease in the volume of their foreign sales from 613.4 million dollars to 610.7 million dollars and an increase in the export of other categories of goods. The share of machinery and transport equipment also decreased from 4.4 percent to 3.5 percent ($142.1 million to $128.2 million).

Delivery of chemical products increased by 2.9 times — from 155.8 to 240.9 million dollars (share from 4.9% to 6.6%).

The volume of exports without gold increased by 14.9% compared to January-February last year and amounted to 2.3 billion dollars.

Compared to the same period last year, the sale of vegetables and fruits increased by 1.9 times to 251.2 thousand tons, and in terms of value, it increased by 154 million dollars (+ 25.9%). With a share of 26.6 percent, Pakistan became the main market for Uzbekistan's fruits and vegetables for the first time, followed by Russia (26.1 percent), Kazakhstan (9.1 percent) and China (9 percent).

The increase was mainly due to the supply of cabbage - 58.4 thousand tons (3.9 times), onions - 73.1 thousand tons (2925.5 times), carrots - 23.6 thousand tons (1.9 times).

Uzbekistan reduced its grain export by $65.1 million (-20%), the export of automobile spare parts and accessories by $32.3 million (-8.4%), but the sale of oil and oil products increased by $67.1 million (an increase of 2.9 times), sales of natural gas increased by 26.7 million dollars (3.6 times). Electricity - 16 million (2.4 times), inorganic chemicals - increased by 147.2 million dollars (2.1 times).

Export of textile products increased by 3.5% and amounted to 519.4 million dollars. Yarn (47.7 percent) and ready-made textile products (37.4 percent) took the main share in the content.

Import

The volume of food supply in imports has changed: grain and products made from it — $148.7 million (-33.3 percent), vegetables and fruits — $99.2 million (+73.6 percent), sugar, sugar products and honey — $60.7 million (-31 percent), meat and meat products — $56.8 million (+44.4 percent), coffee, tea, cocoa, spices — $54.9 million (-7.6 percent ), vegetable oils and fats — $42.6 million (-41.5 percent), dairy products and eggs — $26.3 million (-9.4 percent).

The purchase of beverages almost doubled — $22.5 million, tobacco and tobacco products — $10.5 million (+63.3 percent).

Also, imported oil and oil products - $302.9 million (+5.3%), gas - $166.7 million (95.6 times), coal, coke and briquettes - $42 million (+43.6%). ), in electricity - increased by 36.4 million dollars (2 times).

The import of cars increased by $1.39 billion (2.2 times), the import of spare parts increased by $1.17 billion (+12.6%), the import of aircraft and other flying equipment increased by $614.1 million (2.8 times). .

It is worth noting that the import of medical and pharmaceutical products decreased by 305.3 million dollars (-1.4 percent), despite a steady increase in previous years. This may be related to the introduction of drug labeling. Readers of "Gazeta.uz" report that they are facing difficulties in finding imported medicines, which were previously bought without problems. In addition, the price of some drugs has increased significantly.

Trading partners

China remains the main trade partner of Uzbekistan with a turnover of 2.13 billion dollars and a share of 21.5 percent (this figure was 14.9 percent in the same period last year). In the following places: Russia - $1.77 billion (17.8%, 16.2%), Kazakhstan - $581.8 million (5.9%), Turkey - $435.5 million (4.4%). , the Republic of Korea — $368.8 million (3.7 percent), as well as France — $191 million (1.9 percent).

Trade turnover with Turkey increased by 21.5% - from $555 million to $435 million, with Kazakhstan - from $700.2 million to $581.5 million (-16.9%), with Germany - from $573.4 million to $174.3 million (3, 2 times, which can be explained by the large volume of aviation equipment imported at the beginning of last year), with Kyrgyzstan - decreased from 168.3 million to 98.3 million dollars (-41.6%).

At the same time, the volume of trade with South Korea increased to 368.8 million dollars (+19.7%), with France - to 191 million dollars (+25.9%, mainly due to the growth of Uzbekistan's exports to this country), with Turkmenistan - 184, for 6 million dollars (3 times, due to gas import), with India - for 136.4 million dollars (+43.1%), with Afghanistan - for 131.8 million dollars (+18.1%), with Tajikistan - for 118.5 million dollars (+37.3%), with the USA - to 115.5 million dollars (+69.6%), with Japan - to 105.2 million dollars (4.4 times).