Group: mm-74iq

Theme: How Importing and Exporting Impacts the Economy

Created by Firdavs Toshboboev

Group: MM-74iq

Foreign trade figures of Uzbekistan

Uzbekistan's foreign trade represented 67.8% of GDP (World Bank, 2018). The country exports energy products, cotton, gold, mineral fertilizers, ferrous and nonferrous metals, textiles, food, machinery, and automobiles. Imports include machinery and equipment, food, chemicals, ferrous and nonferrous metals (OEC).

Main export destinations include Switzerland, China, Russia, Turkey, Kazakhstan, Bangladesh, and Afghanistan. Imports generally arrive from China, Russia, South Korea, Kazakhstan, Turkey and Germany and Germany (OEC). As of 2019, Uzbekistan has trade relations with over 140 countries and is harmonizing its import tariffs with Eurasian Economic Union standards. The UAE has also agreed to increase trade volume and investments in textiles, renewable energy, infrastructure, and agriculture. A large trade and logistics center will also be constructed in the border areas of Kazakhstan and Uzbekistan

Main export destinations include Switzerland, China, Russia, Turkey, Kazakhstan, Bangladesh, and Afghanistan. Imports generally arrive from China, Russia, South Korea, Kazakhstan, Turkey and Germany and Germany (OEC). As of 2019, Uzbekistan has trade relations with over 140 countries and is harmonizing its import tariffs with Eurasian Economic Union standards. The UAE has also agreed to increase trade volume and investments in textiles, renewable energy, infrastructure, and agriculture. A large trade and logistics center will also be constructed in the border areas of Kazakhstan and Uzbekistan

According to WTO data for 2018, Uzbekistan exported goods of for total value of USD 11.2 billion, while it imported goods for a total value of USD 17.3 billion. As with regards to commercial services, Uzbekistan exported USD 4.2 billion and imported USD 1.2 billion worth services. According to Ministry of Investments and Foreign Trade, in 2019, the exports of goods amounted to USD 14.3 billion, while exports of services reached USD 3.6 billion. Imports of goods reached USD 21.8 billion and imports of services amounted to while imports amounted to USD 2.4 billion. During 2019, 2,700 new enterprises were involved in export activities, and sales of 206 new types of products to the markets of 42 countries have been mastered. High growth in imports is associated with imports of products to increase production capacities for the purpose of large-scale modernization of the industrial sector, such as machinery and transport equipment.

According to WTO data for 2018, Uzbekistan exported goods of for total value of USD 11.2 billion, while it imported goods for a total value of USD 17.3 billion. As with regards to commercial services, Uzbekistan exported USD 4.2 billion and imported USD 1.2 billion worth services. According to Ministry of Investments and Foreign Trade, in 2019, the exports of goods amounted to USD 14.3 billion, while exports of services reached USD 3.6 billion. Imports of goods reached USD 21.8 billion and imports of services amounted to while imports amounted to USD 2.4 billion. During 2019, 2,700 new enterprises were involved in export activities, and sales of 206 new types of products to the markets of 42 countries have been mastered. High growth in imports is associated with imports of products to increase production capacities for the purpose of large-scale modernization of the industrial sector, such as machinery and transport equipment.

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