Uzbekistan imports 95% of oil products from CIS countries
BAKU, Azerbaijan, Oct. 21
By Fakhri Vakilov-Trend:
In 3Q2019, the volume of imports in Uzbekistan amounted to $17.97 billion, with a growth rate of 31.5 percent compared to the same period in 2018, Trend reports citing Uzbekistan’s State Statistics Committee.
The main share in its structure is occupied by machinery and equipment, including parts and accessories (44.8 percent), chemical products and products from it (12.7 percent), as well as food products (7.5 percent).
An analysis of the dynamics of imports of goods and services also showed that in 3Q2019, the volume of imports of goods increased by $4.2 billion, compared with the corresponding period of the last year, and amounted to $16.2 billion. Service imports reached $ 1.8 billion.
According to the results of January-September 2019, Uzbekistan imported goods and services from 153 countries.
CIS countries accounts for 95 percent of imports of energy and oil products, 66.1 percent of non-ferrous metals and products from them, 65.9 percent of food products, as well as 65.1 percent of ferrous metals and products from them, while in other foreign countries the lion's share falls on machinery and equipment (88.3 percent), as well as on chemical products and products from it (79 percent).
According to the results of 3Q2019, China came in first among the major countries of import partners with a share of imports in the total volume of 20.4 percent, ahead of Russia with a share of 16.2 percent. Singapore made it into the top twenty major import partner countries due to the accelerated growth in Uzbekistan’s imports (with a growth rate of 7.6 times more compared to the same period last year).
Seven major partner countries (China, Russia, South Korea, Kazakhstan, Turkey, Germany, and the United States) account for 68 percent of total imports, which amounts to more than $12.2 billion.
The volume of imports of services in January-September 2019 amounted to $1.8 billion, or 10 percent of total imports, and increased by $8.7 billion compared to the same period last year. Tourism got the main spot in the import of services.
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