How key indicators of business activity of the regions of Uzbekistan have changed in April 2022
Tashkent, Uzbekistan (UzDaily.com) -- An analysis of business activity by regions of the Republic of Uzbekistan is monthly calculated by the CERR based on operational data (monitoring for all regions of the republic, according to the State Customs Committee, State Tax Committee, Central Bank and UzEX).
The monitoring results showed that the volume of tax revenues of the republic in the period from 1 January to 30 April this year. increased by 16.8% compared to the same period of last year.
At the same time, a significant increase in tax revenues was noted in Bukhara (by 37.0%), Ferghana (by 35.6%), Khorezm (by 34.6%), Samarkand (by 33.3%), Andijan (by 30. 2%) regions, in the Republic of Karakalpakstan (by 30.7%) and in the city of Tashkent (by 47.3%).
The growth in tax revenues is due to the economic recovery, improvement of the tax administration system, including the introduction of new administrative tools, digitalization and automation of processes, legalization of business activities and simplification of the procedure for complying with tax legislation.
Revenues from customs payments for the analyzed period increased by 43.7% compared to the same period in 2021. The largest increase in customs revenues was observed in Jizzakh (by 2.1 times), Khorezm (by 91.0%), Syrdarya (by 83.3%), Bukhara (by 71.6%), Kashkadarya (by 70.0%), Andijan (by 66.7%) regions and in the city of Tashkent (by 45.5%).
The increase in customs revenues is associated with an increase in the volume of taxable imports and the exchange rate, measures taken by the customs authorities to simplify customs procedures, speed up the release of goods for free circulation and introduce new methods of customs administration.
According to the State Customs Committee, the volume of exports of goods from the beginning of this year to 30 April increased by 21.7% compared to the same period last year. A significant increase in the volume of exports of goods was noted in Kashkadarya (by 69.1%), Namangan (by 41.1%), Ferghana (by 37.3%), Samarkand (by 33.8%), Syrdarya (by 29.7%). ) regions and in Tashkent city (by 42.8%).
The increase in Uzbekistan’s exports is due to the growing growth in exports of industrial goods, foodstuffs, chemicals and agri-food products.
A decrease in the export of goods was observed in Bukhara (by 25.8%), Surkhandarya (by 7.0%) regions and in the Republic of Karakalpakstan (by 18.1%).
The decrease in exports in Bukhara region is due to the fact that in January-April 2022, the export of cotton fiber in Bukhara region decreased, which is associated with the direction of these products to the domestic market.
The decrease in the volume of exports in the Republic of Karakalpakstan is explained by a decrease in the export of plastics and products made from them and yarn, pharmaceutical products and the complete abolition of the export of cotton fiber with the redirection of these products to the domestic market.
In turn, the decrease in the volume of exports in Surkhandarya region is associated with a decrease in the export of fruits and vegetables and the redirection of cotton fiber and yarn to the domestic market.
The volume of transactions at the Uzbek Republican Commodity and Raw Materials Exchange for the analyzed period increased by 44.1%. A significant increase in exchange activity is observed in Navoi (by 66.6%), Khorezm (by 55.3%), Jizzakh (by 50.9%), Samarkand (by 42.1%) regions, in the Republic of Karakalpakstan (by 56, 0%) and in Tashkent (by 81.4%).
Growth in the volume of transactions in these regions was ensured by an increase in the sale of such goods as gasoline, diesel fuel, rolled ferrous and non-ferrous metals, cotton fiber, the cathode method, polyethylene, feed wheat, construction and household materials, mineral fertilizers, industrial seeds, sugar, alcohol, etc.
At the same time, a decrease of 13.2% was observed in Syrdarya region, which is explained by a decrease in the number and volume of transactions for the sale of polypropylene, vegetable oil, cotton fiber, ferrous metal, cement, industrial seeds, wheat, livestock feed, soap product and liquefied gas.
During this period, 66,330 new business entities were created, the largest number of which was registered in Samarkand (8,192), Ferghana (6,323), Tashkent (5,653), Kashkadarya (5,592), Andijan (5,280) regions and in the city of Tashkent (9 392).