In January-June 2007, the foreign trade turnover of Uzbekistan amounted to US$6.6 billion or 126.3% of the result for January-June 2006. Of this exports comprised US$4.129 billion and imports – US$2.47 billion (up 39% and 9.5% respectively).

According to the Uzbek State Statistics Committee, foreign trade with the countries of CIS grew by 58% to US$3.26 billion, with other countries – by 5.5% to US$3.33 billion. Exports to CIS grew by 74.1%, and to other countries – by 17.2%. Imports from CIS increased by 38.4%, whereas imports from other countries declined by 10.7%.

The trade balance was positive and the surplus made up US$1.65 billion including US$692.3 million with the CIS countries and US$964.2 million with other foreign countries.

The structure of exports is still dominated by cotton-fibre 16.7% (down from 22.8% in 2006), products of oil and energy sectors 19.8% (up from 13.3%), ferrous and non-ferrous metals – 12.3% (up from 11.8%), services 10.9% (down from 12.2%). Among other exported products are machines and equipment 9.6% (up from 8.8%), foodstuffs 7% (up from 4.7%), chemical products – 5.6% (up from 4.9%), and other – 18.1% (down from 21.5%).

Imports, on the other hand, are dominated by machines and equipment 44.4% (down from 47.6%), chemical products – 14.8% (up from 14.2%), foodstuffs – 8% (down from 8.3%), services – 8.3% (up from 7.7%) ferrous and non-ferrous metals 7.9% (up from 7.1%), and products of energy and oil and gas industries – 4.9% (up from 3.4%).

Uzbekistan’s main trade partners are still Russia (28.8% of total foreign trade turnover), Kazakhstan – 8.8%, Ukraine – 6.3%, Turkey – 5.8%, China – 5.5%, Iran – 5.4%, Korea – 4.5%, Germany 2.3%, Switzerland – 2.3%, and Tajikistan – 1.9%. Trade with France, Great Britain, Kyrgyzstan and the US made up 1.2-1.8% of Uzbekistan’s total foreign trade each. Trade with Belarus, UAE, Latvia, Azerbaijan, India, Japan, Turkmenistan – fell within the range of 0.5%-0.9% of the total trade turnover, and trade with Austria, Netherlands, Italy, and Belgium made up about 0.3-0.4% each.

In general, in the reporting period Uzbekistan conducted external trade operations with 143 countries of the world and with 78 of them it had positive balance of external trade turnover.