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Economy
05/09/2007
Foreign trade turnover of Uzbekistan grows by 26.3% year-on-year in 1H 2007
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.
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.
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