Baku, Azerbaijan, August 20
By Fakhri Vakilov-Trend:
In January-July 2019, the foreign trade turnover of Uzbekistan amounted to $24.52 billion and increased by $6.83 billion, or 38.6 percent more than in the corresponding period last year, Trend reports with reference to the State Statistics Committee of Uzbekistan.
The Committee states that, of this number, exports reached $10.88 billion (growth rate - 44.5 percent), and imports - $13.64 billion (growth rate - 34.3 percent). A passive balance of foreign trade turnover in the amount of $2.76 billion was noted.
Uzbekistan carried out trade relations with more than 167 countries of the world. The largest volume of its foreign trade turnover was recorded with China (18.5 percent), Russia (14.6 percent), Kazakhstan (8.1 percent), South Korea (6.5 percent), Turkey (5.7 percent), Germany (2.2 percent) and Kyrgyzstan (2.1 percent).
Due to traditional trade relations with the CIS countries and comprehensive support of foreign trade, the share of mutual trade with the CIS member states in Uzbekistan’s foreign trade in January-July 2019 reached 33.2 percent ($8.14 billion), the growth rate of foreign trade, compared to the previous year, amounted to 19.5 percent.
Current trade relations with other foreign partners also continue to develop. The share of other countries in foreign trade turnover in the reporting period reached 66.8 percent ($16.38 billion), the growth rate of foreign trade turnover amounted to 50.6 percent compared to the same period last year.
Among the 20 major partner countries for foreign economic activity, there is an active balance of foreign trade with five countries including Kyrgyzstan ($347.2 million), Afghanistan ($315.6 million), Tajikistan ($88.7 million), France ($27.3 million) and Iran ($16.2 million).
For the remaining 15 countries, a passive balance of foreign trade is maintained.
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