Baku, Azerbaijan, April 18
By Fikret Dolukhanov – Trend:
In the 1Q2018, Uzbekistan's foreign trade turnover increased by more than 1.5 times compared to the 1Q2017 and reached $7.917 billion, the press office of Uzbek Ministry of Foreign Trade said in a message.
According to the information, the export volume increased by 59 percent and amounted to $4.084 billion, the import - by 45.2 percent to $3.835 billion, the surplus reached $294.4 million against a negative $72.9 million for the 1Q2017.
The largest share of the export is formed by services - $1.108 billion (a 40.5-percent increase), energy and oil products - $556.4 million (a 91.4-percent increase), chemical products - $237.7 million (a 10.7-percent increase), ferrous and non-ferrous metals - $187.7 million (a 4.6-percent decrease) and food products - $175.4 million (a 49.9-percent increase).
Most of the goods and services were exported to China - 15.3 percent of the total volume, Russia - 11.6 percent, Kazakhstan - 5.7 percent, Turkey - 5.3 percent, Afghanistan - 4.3 percent, Iran - 1.2 percent, as well as to Tajikistan and France - 1.1 percent each.
The largest share of the import is formed by machinery and equipment - $1.437 billion (a 42.5-percent increase), chemical products - $552.9 billion (a 14.8-percent increase), food products - $470.9 million (a 37-percent increase), ferrous and nonferrous metals - $377.3 million (a 44.9-percent increase), services - $305 million (a 72.2-percent increase).
Most of the goods and services were imported from Russia - 26 percent, China - 19.6 percent, Kazakhstan - 9.1 percent, the Republic of Korea - 8 percent, Turkey - 4.7 percent, Germany - 3.8 percent, Belarus - 2.7 percent, Latvia - 2 percent, Ukraine - 1.7 percent, Lithuania - 1.6 percent, the USA - 1.4 percent and India - 1.3 percent.
Russia remained Uzbekistan’s main foreign trade partner - 18.6 percent of the total volume of export-import operations, China - 17.4 percent, Kazakhstan 7.3 percent, Turkey - 5 percent, the Republic of Korea 4.1 percent, Afghanistan - 2.2 percent, Germany - 1.9 percent, Belarus - 1.4 percent, Ukraine - 1.2 percent and Latvia - 1.1 percent.
In 2017, Uzbekistan's foreign trade turnover increased by 11.1 percent compared to 2016 and amounted to $27 billion, including the export increasing by 14.7 percent to $14 billion and the import increasing by 7.4 percent to $13 billion.
---
Follow the author on Twitter: @FDolukhanov