Tashkent, Uzbekistan (UzDaily.com) -- In January-October 2023 the foreign trade turnover of Uzbekistan made up US$51.0 billion and increased compared to compared to the same period of last year, by US$10.3 billion, or 25.2%.

Of the total foreign trade turnover volume, exports amounted to US$20.47 billion (an increase of 29.1% was noted by January-October 2023), and imports amounted to US$30.5 billion (an increase of 22.7%). As a result, the balance of foreign trade turnover amounted to a negative balance in the amount – US$10.03 billion.

Today, the Republic of Uzbekistan carries out trade relations with 198 countries of the world. The largest volume of foreign trade turnover was recorded with China (21.2%), Russia (15.6%), Kazakhstan (7.0%), Turkey (5.1%) and the Republic of Korea (3.7%).

In the structure of the foreign trade turnover of the republic, a significant share is noted in the city of Tashkent, which is 37.9%, or US$19.31 billion, and the smallest share is recorded at 0.5%, or US$265.5 million, that in Surkhandarya region.

The share of foreign trade turnover with the CIS countries during the period under review, compared to the same period in 2022, decreased by 6.9% and their share in foreign trade turnover, based on the results of January-October 2023, amounted to 32.9%.

The volume of foreign trade turnover with other countries for January-October 2023, compared to the same period in 2022, increased by 6.9% and amounted to 67.1% of the total foreign trade turnover.

Uzbekistan’s foreign trade turnover with the CIS countries reached US$16.76 billion, of which exports amounted to US$6.74 billion, and imports amounted to US$10.02 billion.

The largest volume of foreign trade turnover with the CIS countries was recorded with Russia (47.3%), Kazakhstan (21.4%) and Turkmenistan (5.6%).

The foreign trade turnover of the Republic of Uzbekistan with the EAEU countries during the period under review amounted to US$12.87 billion, of which the export volume was US$4.53 billion, and the import volume was US$8.34 billion.

It should be noted that a common economic territory with a unified customs system has been formed between the EAEU member states (Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan), ensuring freedom of movement of goods and services, movement of migrants and movement of capital.

The number of exporters reached 6,692, and the volume of exports of goods and services amounted to US$13.6 billion (in addition to non-monetary gold) and, compared to the same period in 2022, increased by 5.6%.

The share of exports from CIS countries in January-October 2023, compared to the same period in 2022, decreased by 7.9%.

Our main partners for the export of goods and services in foreign trade turnover in January-October 2023 were countries such as Russia, China, Kazakhstan, Turkey, Afghanistan, Kyrgyzstan and Tajikistan. Their share in total exports reached 42.6%.

In the structure of the republic’s exports, a significant share is noted in the city of Tashkent, which is 20.0%, or US$4.1 billion, and the smallest share is recorded at 0.7%, or US$145.7 million in Jizzakh region.

Due to the fact that the state pays great attention to the development of agriculture and horticulture, the quality and volumes of exported products are increasing from year to year. In particular, in January-October 2023, 1.47 million tons of fruits and vegetables were exported, and, compared to the same period in 2022, this figure increased by 2.4%, or 34,600 tons.

The main export markets for fruits and vegetables were Russia (39.9%), Pakistan (16.3%), Kazakhstan (11.3%) and China (9.7%).

The volume of exports of fruits and vegetables during the period under review amounted to US$951.3 million (the rate of increase, compared to the same period in 2022, was 4.5%). In total exports amounted to 4.6%.

Based on the results of January-October 2023, the largest volume in value terms of exports of fruits and vegetables falls to Russia (39.9% of the total volume of fruits and vegetables), which exceeds the volume of exports to Pakistan by 2.4 times.

Based on the results of January-October 2023, textile products were exported in the amount of US$2.56 billion, which amounted to 12.5% of its total volume and, compared to January-October 2022, it decreased by 3.2%.

In the structure of exports of textile products, the main share is occupied by finished textile products (41.2%), as well as yarn (40.6%). Thus, in January-October 2023, 607 types of textile products were exported to 59 countries.

The volume of exports of services in January-October 2023 amounted to US$4.42 billion, or 21.6% of the total volume of trade exports and increased by 20.5% compared to the same period in 2022. As part of the export of services, the lion’s share is occupied by transport services (43.2%), travel (tourism) (41.4%), telecommunications, computer and information services (7.6%), and other business services (3.2%). At the same time, for other services (4.7%), the largest share respectively falls on insurance and pension services (1.7%), financial services (1.2%), fees for the use of intellectual property (0.8%) and etc.

During the reporting period, imports amounted to US$30.5 billion (the increase in growth rates compared to January-October 2022 was 22.7%). The main share in its structure is occupied by machinery and transport equipment (38.4%), industrial goods (16.8%), as well as chemicals and similar products (13.2%).

An analysis of the dynamics of imports of goods also showed that in January-October 2023, compared to the same period in 2022, the volume of imports of goods increased by US$5.7 billion and amounted to US$28.45 billion, and imports of services reached US$2.05 billion.

In general, based on the results of January-October 2023, goods and services were imported into Uzbekistan from 175 countries. More than 2/3 of imports come from such large partner countries as China, Russia, Kazakhstan, the Republic of Korea, Turkey, Germany and Turkmenistan.

The volume of imports of services for January-October 2023 amounted to US$2,048.1 million, or 6.7% of its total volume and decreased by 2.9% compared to the same period in 2022. As part of the import of services, the main share is occupied by travel (tourism - 50.7%), transport services (21.4%), telecommunications, computer and information services (10.0%), other business services (4.8%).

In addition, other services accounted for 13.0% of total imports, including a high share of maintenance and repair services (4.2%), fees for the use of intellectual property (3.8%), insurance and pension services provision

Based on the results of January-October 2023, in the structure of imports, the volume of industrial goods reached 5.13 billion and increased, compared to the same period in 2022, by 8.2%, in general, the share in the total volume of imports amounted to 16. 8 %.

The main imports of industrial goods are iron and steel (US$2.07 billion), metal products (US$720.6 million), textile yarn, fabrics, finished products (US$562.5 million), rubber products (US$447.1 million), etc.