Gold, energy carriers account for most of Uzbekistan's exports in 2019
BAKU, Azerbaijan, Dec. 23
By Fakhri Vakilov - Trend:
Gold and energy carriers have the main share in Uzbekistan’s exports for eleven months of 2019, Trend reports citing Uzbekistan’s State Statistics Committee.
These positions account for 44 percent of Uzbekistan’s exports from January through November. Since the beginning of the year, more than $4.4 billion worth of gold and more than $ 2.7 billion worth of energy carriers have been exported.
Over the past three years, diversification of export structure has been observed in dynamics, the Committee notes. Thus, the share of gold exports increased by 2.8 times compared to the same period in 2018 and amounted to 27.3 percent of the total exports and the share of energy and petroleum products increased by 3.8 percentage points and amounted to 16.7 percent, food products - 1.9 percent, ferrous metals and products from them - 0.5 percent, textiles and textile products - 0.3 percent, services - 0.2 percent.
The remaining positions show a decrease in the share due to a substantial increase in the share of food products, energy and oil products in the export structure.
Uzbekistan's exports from January through November 2019 amounted to $16.2 billion (an increase, compared to the same period last year, reached 43.3 percent).
The share of exported goods amounted to 80.8 percent, of which energy carriers and oil products — 16.7 percent, textiles and textile products — 9 percent, food products — 8.7 percent, non-ferrous metals and articles from them — 5.3 percent, chemical products and products from it - 4.9 percent.
According to the results from January through November 2019, the foreign trade turnover of Uzbekistan amounted to $38.2 billion and increased by $9.5 billion or 33.4 percent more than the corresponding period last year. Imports amounted to $22 billion (growth rate - 27 percent). A passive balance of foreign trade in the amount of $5.7 billion was noted.
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