Business activity of the regions of Uzbekistan - an overview of the CERR
01/07/2022 21:57
Business activity of the regions of Uzbekistan - an overview of the CERR
01/07/2022 21:57
Tashkent, Uzbekistan (UzDaily.com) -- An analysis of business activity by regions of the Republic of Uzbekistan is calculated monthly by the CERR based on operational data (monitoring in 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 27 June 2022 increased by 15.3% compared to the same period of last year.
At the same time, a significant increase in tax revenues was noted in Ferghana (by 37.6%), Surkhandarya (by 37.5%), Samarkand (by 35.9%), Bukhara (by 35.9%), Khorezm (by 35. 2%), Andijan (by 33.6%) regions and in Tashkent city (by 44.6%).
The growth of tax revenues was ensured by positive changes in the economy, 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 41.2% compared to the same period in 2021. The largest increase in customs revenues was observed in Khorezm (by 77.9%), Syrdarya (by 70.6%), Andijan (by 61.3%), Bukhara (by 56.3%), Jizzakh (by 49.8%) regions and in the Republic of Karakalpakstan (by 68.0%).
The increase in customs revenues is associated with the growth of foreign trade turnover, measures taken by the customs authorities to simplify customs procedures, accelerate the release of goods for free circulation and the introduction of new methods of customs administration.
According to the State Customs Committee, the volume of exports of goods from the beginning of this year to 27 June increased by 25.4% compared to the same period of last year. A significant increase in the volume of exports of goods was noted in Kashkadarya (by 61.6%), Navoi (by 52.5%), Samarkand (by 44.5%), Andijan (by 33.5%), Namangan (by 26.9%) regions and in Tashkent city (by 53.0%).
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 22.2%), Surkhandarya (by 6.8%) regions and in the Republic of Karakalpakstan (by 17.0%).
The decrease in exports in Bukhara region is due to the fact that in January-June 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 on the Uzbek Republican Commodity and Raw Materials Exchange for the analyzed period increased by 42.8%. A significant increase in exchange activity is observed in Khorezm (by 68.1%), Navoi (by 65.4%), Jizzakh (by 54.6%) regions, in the Republic of Karakalpakstan (by 49.8%) and in Tashkent (by 68.5%).
Growth in the volume of transactions in these regions was ensured by an increase in the sale of such goods as technical seeds, mineral fertilizers, sugar, vegetable oil, ethyl alcohol, motor gasoline, diesel fuel, construction and household materials, rolled ferrous metals, etc.
At the same time, a decrease of 7.2% was observed in Syrdarya region, which is explained by a decrease in the number and volume of transactions for the sale of polypropylene, cotton fiber, industrial seeds, vegetable oil, meal and husk, ferrous metal, cement, wheat, soap products and livestock feed. .
Yusup Jumabaev, Center for Economic Research and Reforms
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