Uzbekistan's foreign-trade surplus drops by five percent in first half of year
Uzbekistan, Tashkent, Aug.10/ Trend, D. Azizov /
Uzbekistan's foreign-trade surplus decreased by five percent in January-June 2011, compared to the same period of 2010. The surplus amounted to $2.416 billion, the Uzbek State Statistics Committee said on Wednesday.
According to the State Statistics Committee, the country's foreign trade turnover increased by 21 percent and amounted to $12.066 billion in January - June, with exports the trade turnover increased by 18.9 percent to $7.241 billion, and with imports by 24.4 percent to $4.462 billion.
Foreign trade turnover with foreign countries during the reporting period increased 15.4 percent - and amounted to $7.041 billion. Foreign trade turnover among the CIS countries increased by 29.9 percent to $5.024 billion. Exports to countries abroad grew by 11.6 percent to $4.199 billion; imports by 21.4 percent to $2.842 billion. Goods worth $3.042 billion (an increase of 30.7 percent) are exported to CIS countries, while imports from CIS countries have been valued at $1.982 billion (an increase of 28.9 percent).
The share of countries far abroad in the structure of Uzbekistan's foreign trade decreased by 58.4 percent, as compared to 61.2 percent a year earlier, including the share of exports to these countries which decreased by 58 percent from 61.8 percent, the share of imports from them - to 58.9 percent from 60.3 percent.
Russia remains Uzbekistan's main foreign trade partner in January - June, with 26.1 percent of total trade turnover. According to the State Statistics Committee, trade volume with Russia increased by 22.3 percent. The country's other major partners during the reporting period were Kazakhstan - 9.5 percent (with an increase of trade turnover by 55.6 percent), China - 7.8 percent (an increase of 6.5 percent), South Korea - 6.5 percent (a 36.6-percent increase), and Turkey - 5.1 percent (a 37-percent increase).
In product exports energy resources and oil products have reached 19.6 percent (25.1 percent a year earlier), cotton fiber - 6.5 percent (10.1 percent), services - 11.6 percent (9.5 percent), ferrous and nonferrous metals - 7.9 percent (6.9 percent), machinery and equipment - 7 percent (4.6 percent), food products - 8.9 percent (6.5 percent), other products - 33.1 percent ( 32.6 percent).