Geographical composition of uzbekistan's foreign economic relations


Geographical composition of the foreign trade turnover of the Republic of


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GEOGRAPHICAL COMPOSITION OF UZBEKISTAN

Geographical composition of the foreign trade turnover of the Republic of Uzbekistan (in percent) Table1




% of total volume

Countries

2021 year

2022 year

Total:

100

100

CIS countries

37,7

38,4

Russia

17,9

18,6

Kazakhstan

9,3

9,2

Kyrgyzstan

2,3

2,5

Other countries

8,2

8,1

Far foreign countries

62,3

61,6

China

17,7

17,8

Afghanistan

1,5

1,5

Turkey

8,1

6,4

Korea

4,5

4,7

Germany

1,8

2,3

India

1,2

1,4

USA

1

0,9

Other countries

27

26,6

This table was compiled by the authors based on the data of State statistics.
In conclusion, it should be said that the foreign economic relations of the Republic of Uzbekistan are conducted with more than 200 countries in the world. Through these relations, opportunities for the import and export of goods, services and capital are created in the country of the Republic of Uzbekistan.
The foreign trade relations of the Republic of Uzbekistan are conducted at a high level with the Russian Federation, Kazakhstan, China, Korea, Turkey and other large countries.
The geographical composition of foreign economic relations of the Republic of Uzbekistan changes depending on the ethnic, economic, political and geographical conditions of other countries. Therefore, foreign trade relations always develop and make an important contribution to the development of the country. In addition, the Republic of Uzbekistan participates in a number of mutual structures on international foreign trade cooperation, for example, the Union of Central Asian Countries, the World Trade Organization (WTO), the Islamic Trade Organization (IDB), the European Trade and Tax Organization ( EBRD) and others. In order to develop its foreign economic relations, Uzbekistan should fulfill the following issues: increasing access to trade and financial markets, unification, further improvement of the legal environment, bringing investments in foreign financial investments and business support.

References:

  1. Agency for Foreign Economic Relations-https://mfa.uz/uz

  2. National database of breeding information of the Republic of Uzbekistan - https://lex.uz/uz/

  3. The official website of the State Statistics Agency of the Republic of Uzbekistan is https://stat.uz/uz/

  4. https://kun.uz/

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