Foreign trade turnover of Uzbekistan falls by 22.2% in January
Tashkent, Uzbekistan (UzDaily.com) -- At the end of January 2021, foreign trade turnover (FTT) of Uzbekistan reached US$2.3 billion, which, compared to the same period in 2020, decreased by US$657.6 million (a decrease of 22.2%), the State Statistics Committee of Uzbekistan said.
Of the total volume of the FTT, exports amounted to US$694.8 million (by January 2020, a decline of 46.0% was noted), and imports – US$1.61 billion (a decrease by 3.9%). As a result, the foreign trade balance amounted to a passive balance in the amount of US$913.3 million.
Among the 20 large partner countries in foreign economic activity, there is also an active foreign trade balance with six countries, in particular with such as Afghanistan (US$58.1 million), Kyrgyzstan (US$29.2 million), Tajikistan (US$22.4 million), Canada (US$16.7 million), Turkmenistan (US$10.3 million) and Turkey (US$0.4 million). A passive balance of foreign trade turnover remains with the rest of the 14 countries.
Today Uzbekistan carries out trade relations with almost 128 countries of the world. The largest volume of foreign trade turnover was recorded with the PRC (21.0%), the Russian Federation (18.7%), Kazakhstan (11.7%), Turkey (9.2%), France (3.5%), the Republic of Korea (3.2%) and Afghanistan (2.5%).
In the structure of the republic’s foreign trade turnover, a significant share is noted in the city of Tashkent, which is 45.4%, or US$1.04 billion. In this structure, the smallest share was recorded at the level of 1.1%, or 26.0 million. US dollars, which is marked in Kashkadarya region.
One third of the FTT volume falls on the CIS countries and, in recent years, this indicator has changed slightly. The share of foreign trade turnover of the CIS countries, compared to the same period in 2020, increased by 10.0%. For the same period of 2019, an increase was noted by 10.8% and their share in foreign trade turnover, at the end of January 2021, amounted to 39.3%.
The volume of foreign trade turnover of other states in January 2021, compared to the same period of 2019-2020, accordingly decreased and amounted to 60.7% of the total volume of foreign trade turnover.
Foreign trade turnover of the Republic of Uzbekistan with the CIS countries reached US$905.0 million. Of these, the volume of exports amounted to US$289.3 million, and the volume of imports - US$615.8 million.
The largest volume of foreign trade turnover with the CIS countries was recorded with the Russian Federation (47.5%), Kazakhstan (29.7%), Kyrgyzstan (6.0%), Ukraine (4.1%) and Turkmenistan (4.1%).
On December 11, 2020, the Republic of Uzbekistan received observer status in the Eurasian Economic Union. Foreign trade turnover of the Republic of Uzbekistan with the EAEU amounted to US$767.0 million. Of these, the volume of exports amounted to US$218.1 million, and the volume of imports - US$548.8 million.
In January 2021, the total number of exporting entities amounted to 2 046, which ensured the increase in the volume of exports, excluding special exports, to US$694.8 million (a decrease, compared to the same period in 2020, amounted to 46.0% ).
In the structure of exports, 76.1% are goods, which mainly fall on industrial goods (35.7%), food products and live animals (11.0%), chemicals and similar products (8.9%).
Due to a decrease in exports to other foreign countries, the share of exports to the CIS countries increased and their share in its total volume amounted to 41.6%. Accordingly, the share in the total export volume of other foreign countries decreased from 76.0% to 58.4%.
Compared to 2019-2020, our main partners in the export of goods and services in foreign trade in January 2021 were countries such as China (21.2% of total exports), the Russian Federation (15.9%), Turkey (15.3%), Kazakhstan (9.2%), Afghanistan (8.4%), Kyrgyzstan (6.0%) and Tajikistan (3.8%). Their share in the total export volume reached 79.6%.
In the structure of the republic’s exports, a significant share is noted in the city of Tashkent, which is 36.6%, or 254.4 million US dollars.
In the structure of exports, the smallest share was recorded at the level of 1.6%, or US$10.9 million, which is marked in Surkhandarya region.
The fruit and vegetable sector in Uzbekistan is an important segment in ensuring the food security of the country and regions. Therefore, in this area, all possible measures are being taken to accelerate the development of the production of fruit and vegetable products, which are yielding results. Thus, the volume of exports of fruits and vegetables amounted to 63.8 thousand tons and, in value terms, exceeded US$40.8 million (the growth rate, compared to the same period in 2020, respectively, amounted to 6.2%). Based on this, 46.9 thousand tons of vegetables were exported in the amount of US$25.4 million (the growth rate in value terms, compared to the same period in 2020, respectively, amounted to 23.9%), as well as 8.8 thousand tons of fruits and berries in the amount of US$7.1 million (the rate of decline in value terms, compared to the same period in 2020, respectively, amounted to 22.4%).
The main export markets for fruits and vegetables are in Kazakhstan, China, Russia and Kyrgyzstan.
Such branches of agriculture as horticulture, horticulture and viticulture developed at an accelerated pace. Thus, in January 2020, the share of fruits and vegetables in total exports amounted to 5.9%.
At the end of January 2021, the largest volume in value terms of exports of fruits and vegetables falls on Kazakhstan (19.8% of the total volume of fruits and vegetables), which exceeds the volume of exports to Afghanistan by 2.7 times.
The increase in the volume of exports of textile products can be directly considered as a result of reforms in the production of finished products and the formation of added value instead of the production of raw cotton. For example, at the end of January 2021, textile products were exported in the amount of US$193.2 million, which amounted to 27.8% of the total export volume and, compared to January 2020, it increased by 24.9%.
Cotton yarn (55.5%), as well as finished knitwear and garments (23.9%) occupy the main share in the structure of textile exports. In January 2021, more than 254 types of textile products were exported to 48 countries of the world.
The largest share of textile exports falls on the Russian Federation (US$62.9 million - 32.5%), China (US$58.2 million - 30.1%) and Kyrgyzstan (US$24.4 million - 12.7%).
The volume of exports of services at the end of January 2021 amounted to US$165.9 million, or 23.9% of the total trade exports and decreased, compared to the same period in 2020, by 27.4%. The lion’s share of the export of services is taken by transport services (78.1%), travel (tourism) (7.9%), telecommunications, computer and information services (6.3%), construction services (3.3%).
At the same time, other services (4.4%) account for the largest share, respectively, for other business services (2.4%), financial services (0.8%), maintenance and repair services (0.4%), etc.
During the reporting period, imports amounted to US$1.61 billion (a decrease in growth rates, compared to January 2020, amounted to 3.9%).
The main share in its structure is occupied by machinery and transport equipment (33.5%), industrial goods (16.9%), as well as chemicals and similar products (13.2%).
Analysis of the dynamics of imports of goods also showed that in January 2021, compared to the same period in 2020, the volume of imports of goods increased by US$64.4 million and amounted to US$1.55 billion, while imports of services reached US$55.8 million.
Despite the general background of a decrease in imports of goods, there is an increase in some groups of commodity items, for example, such as medical and pharmaceutical products - US$101.8 million (an increase of 65.3%), essential oils, resinoids and perfumery substances, toilet preparations, polishes and detergents - US$13.5 million (+ 23.0%), cereals and products from them - US$64.8 million (+ 75.3%).
In recent years, the dynamics of the preservation of the share of imports with the CIS countries and other foreign countries, which, within the limits, is a ratio of 38.3: 61.7.
In general, at the end of January 2021, goods and services from 114 countries were imported to the Republic of Uzbekistan. A third of imports (US$1.16 billion) are accounted for by such large partner countries as the PRC (share in the total imports of 21.0%), the Russian Federation (19.9%), Kazakhstan (12.7%), Turkey (6.6%), France (4.9%), Republic of Korea (4.4%) and Lithuania (2.8%).
In the structure of imports of the republic, a significant share is noted in the city of Tashkent, which is 49.2%, or US$791.5 million.
The smallest share was recorded in Kashkadarya - 0.9%, or 14.3 million US dollars.
The volume of imports of services in January 2021 amounted to US$55.8 million, or 3.5% of its total volume and decreased, compared to the same period in 2020, by 70.0%. Travel (tourism - 55.6%), transport services (15.0%), other business services (11.1%) and telecommunications, computer and information services (9.8%) account for the bulk of imports of services. In addition, other services accounted for 8.4% of total imports of services, including a high share of fees for the use of intellectual property (3.9%), maintenance and repair services (1.7%), services to individuals and services in the field of culture and recreation (1.3%), etc.
The quarantine restrictions imposed during the pandemic have also impacted the service sector.
In particular, as a result of restrictions on the transit of international traffic by the countries of the near and far abroad, the import of transport services decreased by 3.2 times and amounted to US$8.4 million.
At the same time, compared to 2020, the import of some services increased. In particular, imports of other business services reached US$6.2 million (an increase of 28.9%), maintenance and repair services increased 2.1 times and amounted to US$1.0 million.
At the end of January 2021, the volume of machinery and transport equipment in the structure of imports reached 538.4 million US dollars and decreased, compared to the same period in 2020, by 12.6%, in general, the share in the total volume of imports was 33.5 %.
The decrease in the volume of imports of machinery and transport equipment was due to machinery specially designed for specific industries (by 27.7%), as well as non-specialized machinery and equipment for industry (by 17.9%).
It is important to note that the increasing volume of imports of machinery and equipment is a reflection of the industrialization policy, as well as active reform to support foreign direct investment in the creation, modernization and increase of production capacities.
At the end of January 2021, the volume of industrial goods in the structure of imports reached US$272.5 million and increased by 6.2% compared to the same period in 2020, in general, the share in the total volume of imports was 16.9%.
The main imports of industrial goods are in cast iron and non-alloy steel products (US$63.8 million), rubber tires and tubes for all types of wheels (US$8.3 million), aluminum (US$9.1 million), paper and cardboard (US$14.8 million), plywood, particle board, other processed wood (US$17.0 million), etc.