Uzbekistan’s foreign trade turnover reaches US$9.4 billion in January-March
19/04/2019 09:11
Uzbekistan’s foreign trade turnover reaches US$9.4 billion in January-March
19/04/2019 09:11
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan’s foreign trade turnover made up US$9.4 billion in January-March 2019 and increased by US$2.01 billion, or 27.2% more than the corresponding period of the last year.
Of this number, exports reached US$4.13 billion (growth rate - 20.6%), and imports - US$5.27 billion (growth rate - 32.9%). Foreign trade balance amounted to minus US$1.14 billion.
In January-March 2019, Uzbekistan led trade relations with more than 150 countries of the world, the State Statistics Committee reported.
In January-March 2019, the number of enterprises engaged in the export of goods, compared with the same period of last year, increased by 419 units and their total number reached 2,400 units.
As a result of measures, taken by the government of the republic to strengthen cooperation with the CIS countries and comprehensive support for foreign trade, the share of mutual trade with the CIS member states in Uzbekistan’s foreign trade turnover in January-March 2019 reached 33.9% (US$3.18 billion), the growth rate of foreign trade turnover, compared with the previous year, was 17.4%.
The share of other countries in foreign trade turnover in January-March 2019 decreased by 2.8% and, compared to the same period of last year, reached 66.1%.
The volume of exports of the Republic of Uzbekistan made up US$4.13 billion in January-March 2019 (an increase, compared with the same period of last year, is 20.6%). The share of goods in the composition of exports reached 83.9%, of which energy and oil products - 18.2%, textiles and textile products - 8.9%, food products - 6.0%, ferrous metals and products from them - 1, 7%, non-ferrous metals and products from them - 5.5%.
Exports excluding gold increased by 35.2%, reaching US$2.9 billion.
An analysis of the structure of exported goods and services in January-March 2019 also showed that, compared with the corresponding period last year, there were no significant changes, but it should be noted that the share of exports of all types of goods and services in total exports, in addition to gold, January-March 2019, compared with the corresponding period last year, increased.
Analysis of the dynamics of exports of goods and services also showed that in January-March 2019, compared with January-March 2018, the volume of exports of goods increased by US$658.7 million and amounted to US$3.46 billion. Services exports reached US$666.4 million .
The main partners in the export of goods and services in foreign trade were China (20.0% of total exports), Russia (13.6%), Kazakhstan (6.8%), Turkey (5.8%), Afghanistan (2.8%), Kyrgyzstan (2.8%) and Iran (1.3%).
The composition of the exported goods to these countries includes a group of energy carriers and petroleum products, chemical products and products from it, as well as food products.
If goods and services in January-March 2018 were exported to 125 countries, then in January-March 2019 - in 129.
The volume of exports of services in January-March 2019 amounted to US$666.4 million, or 16.1% of its total volume and increased, compared to the same period of last year, by 7.6%. Transport services and tourism, as well as telecommunication, information, computer and financial services, account for the lion’s share in the export of services.
The export volume of fruits and vegetables reached over 308,800 tonnes and reached US$178.5 million (growth rate - 68.5%).
More than 250,500 tonnes of fruits and vegetables were exported (physical growth increased by 90.6%) for the amount of US$39.5 million, fruits and berries – 58,200 tonnes (physical volume increased by 21.4% ) in the amount of US$30.4 million (growth rates in terms of value, compared to the same period of last year, were 65.2% and 63.5%, respectively).
In January-March 2019, exports of textile products amounted to US$369.2 million and increased, compared to the same period of 2018, by 16.5%, which is 8.9% of total exports. Of the export structure of textile products, the main share is cotton yarn (57.0%), as well as finished knitwear and garments (22.2%). Since the beginning of the year, more than 272 types of goods have been exported to 46 countries of the world.
It is gratifying that, in the first years of independence, exports of light industry products of the republic had a raw material focus, now our country has begun to occupy leading positions in the export of finished products of the textile and light industries.
In January-March 2019, the volume of imports in the Republic of Uzbekistan amounted to US$5.27 billion (growth rate - 32.9%). The main share in its structure is occupied by machinery and equipment, including parts and accessories (42.5%), chemical products and products from it (13.0%), as well as ferrous metals and products from them (7.7%).
An analysis of the structure of imported goods and services in January-March 2019 also showed that, compared with the corresponding period last year, there were no significant changes, but it should be noted that the share of imports of machinery and equipment, including parts and accessories, in its total volume increased from 36.1% to 42.5%.
Analysis of the dynamics of imports of goods and services also showed that in January-March 2019, as compared with January-March 2018, the volume of imports of goods increased by US$1.26 billion and reached US$4.78 billion. Service imports reached US$485.3 million .
In January-March 2019, goods and services from 132 countries were imported into the republic.
The five major partner countries (the People’s Republic of China, the Russian Federation, Kazakhstan, the Republic of Korea and Turkey) have a share of 64.5% of total imports, which is US$3.4 billion.
The volume of imports of services made up US$485.3 million in January-March 2019, or 9.2% of the total imports and increased, compared to the same period of last year, by 9.4%. The main imports of services are tourism (travel), transport services, as well as financial, telecommunication, information and computer services.
In January-March 2019, the volume of imports of construction materials was US$291.3 million and increased, compared to the same period of 2018, by 11.4%. The share of imports of building materials in the total volume reached 5.5%.
In the structure of imports of building materials, the main share is occupied by wood and wood products (50.4%), cement (10.7%), glass and wood products (5.2%), and asbestos (2.5%).
Imports of building materials in January-March 2019, compared with the corresponding period of 2018, increased significantly. The growth in imports of construction materials is due to large-scale construction and reconstruction work in the country.
It should be noted that the government is implementing a number of reforms aimed at the production of building materials and products, as well as providing the domestic market with high-quality and, at the same time, low-cost construction materials.
The increasing volume of imports of machinery and equipment is a reflection of industrialization policies, as well as an active policy to support foreign direct investment in the creation, modernization and increase in production capacity.
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