Uzbekistan's Foreign Trade Volume Exceeded $65.9 Billion in 2024

Uzbekistan's foreign trade volume reached $65.934 billion last year.

The Uzbekistan State Statistics Agency released the country's foreign trade data for 2024.

According to the report, the country's trade volume increased by 3.8% compared to the previous year, reaching $65.934 billion.

Exports rose by 8.4% to $26.948 billion, while imports increased by 0.8% to $38.985 billion. Uzbekistan's foreign trade deficit was recorded at $12.037 billion in 2024.

Maintaining trade relations with nearly 200 countries, Uzbekistan's exports consisted of 27.8% gold, 26.7% services, 15.6% industrial products, 8.1% food and livestock, and 6.3% chemical products. Imports were led by passenger vehicles, machinery, and equipment at 34.6%, followed by industrial products at 15.5%, chemical products at 12%, and food and livestock at 9.5%.

China was Uzbekistan's largest trading partner in 2024, accounting for 18.9% of total trade, followed by Russia at 17.6%, Kazakhstan at 6.5%, Turkey at 4.5%, and South Korea at 3%.

The country’s foreign trade volume had grown by 18.6% in 2022, reaching $50.008 billion, and by 23.9% in 2023, reaching $62.567 billion.

Trade between Uzbekistan and Turkey decreased by 7%

Turkey was recorded as Uzbekistan's fourth-largest trading partner last year, with a 5% share of the total trade volume. The trade volume between the two countries, which stood at $3.161 billion in 2023, fell by 7% to $2.937 billion in 2024. Uzbekistan's exports to Turkey decreased by 7.4% to $1.169 billion, while imports from Turkey dropped by 6.8% to $1.768 billion.

In 2023, Uzbekistan's exports to Turkey had reached $1.263 billion, while imports stood at $1.897 billion.