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Uzbekistan exports nearly double

Business Materials 20 November 2019 12:57
Uzbekistan exports nearly double

BAKU, Azerbaijan, Nov. 20

By Fakhri Vakilov-Trend:

According to the results from January through October 2019, the export volume of Uzbekistan amounted to $14.8 billion and increased by 43.3 percent compared to the same period last year, Trend reports citing Uzbekistan’s State Statistics Committee.

The share of exported goods amounted to 80.8 percent, of which energy carriers and oil products were 16.6 percent, textiles and textile products - 8.9 percent, food products - 8.7 percent, non-ferrous metals and products from them - 5.3 percent and chemical products and products from it - 5 percent.

Compared with last year, the main partners of Uzbekistan in the export of goods and services in foreign trade from January through October 2019 were China (16.8 percent of total exports), Russia (13.4 percent), Kazakhstan (8.5 percent), Turkey (6.6 percent), Kyrgyzstan (3.9 percent), Afghanistan (3.3 percent) and Tajikistan (1.8 percent).

Their share in total exports exceeded 50 percent. This year, among seven major partner countries for the export of goods and services, Tajikistan has regained its place in terms of the share of exports instead of Iran. Along with this, Kyrgyzstan strengthens its position from year to year, ahead of Iran and Afghanistan.

The geography of partner countries for the export of goods and services, compared with the same period last year, increased from 148 to 174 countries.

The largest volume of exported goods among large partner countries is made up of energy carriers and oil products, chemical products and products from it, as well as food products.

The volume of export of services from January through October 2019 amounted to $2.8 billion, or 19.2 percent of its total volume and increased by 12.9 percent compared to the same period last year. In the export of services, the lion's share is transport services and travel (tourism).

The volume of export of fruits and vegetables in physical terms amounted to more than 1.1 million tons and, in value terms, over $1 billion (the growth rate compared to the same period last year was 13.4 percent and 42.2 percent, respectively). Of these, more than 667,000 tons of vegetables were exported in the amount of $476.2 million, as well as over 492,000 tons of fruits and berries in the amount of $575.7 million (growth rate in value terms, compared to the same period last year, respectively, amounted to 83.6 percent and 19.8 percent).

From January through October 2019, the share of fruits and vegetables in the total export amounted to 7.1 percent.

In the reporting period, the volume of textile exports amounted to $1.3 billion and increased by 23.2 percent, compared to the same period in 2018, having reached 8.9 percent of its total volume. In the structure of textile exports, the main share was cotton yarn (56.7 percent), as well as finished knitwear and garments (22.4 percent). Since the beginning of the year, more than 384 types of textile products have been exported to 56 countries.

The largest share of textile exports was to Russia ($489.2 million - 37.2 percent), China ($352.6 million - 26.8 percent) and Turkey ($153.1 million - 11.6 percent).

From January through October 2019, Uzbekistan increased the export of gold by 2.6 times compared to the same period in 2018, to $4.04 billion. Moreover, the share of gold in the structure of exports amounted to 27.3 percent.

Uzbekistan’s foreign trade turnover amounted to $34.73 billion and grew by $8.89 billion or by 34.4 percent compared with the corresponding period last year.

Uzbekistan maintains trade relations with more than 189 countries of the world. The largest volume of its foreign trade turnover was recorded with China (19.1 percent), Russia (15.1 percent), Kazakhstan (8.4 percent), South Korea (6.5 percent), Turkey (5.9 percent), Germany (2.4 percent) and Kyrgyzstan (2 percent).

The share of other countries in foreign trade turnover in the reporting period reached 65.8 percent ($22.8 billion), the growth rate of foreign trade turnover, compared to the same period last year, amounted to 52 percent.

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