Uzbekistan’s foreign trade turnover rose by 29.2% in January, reaching $5.83 bn, according to the National Statistics Committee.
Imports accounted for the majority of the total, exceeding export revenues by about two and a half times.
The country earned roughly $1.7 bn from exports, largely driven by services and industrial goods. At the same time, spending on imported products reached $4.1 bn, with purchases of foreign machinery, transport equipment and chemical products making up a significant share.
China and Russia remained Uzbekistan’s leading trade partners. Trade turnover with China totalled $1.6 bn, while transactions with Russia reached $1.1 bn.
Together the two countries account for nearly half of Uzbekistan’s total export and import operations.
From economics and politics to business, technology and culture, Kursiv Uzbekistan brings you key news and in-depth analysis from Uzbekistan and around the world. To stay up to date and get the latest stories in real time, follow our Telegram channel.
