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Uzbek Commodity Exchange reveals results of activities for 1H2020

Business Materials 16 July 2020 11:40
Uzbek Commodity Exchange reveals results of activities for 1H2020

BAKU, Azerbaijan, July 16

By Ilkin Seyfaddini - Trend:

The total volume of transactions concluded in the first half of 2020 on all trading platforms of JSC Uzbek Republican Commodity Exchange (UZEX) made up 25.4 trillion soum ($2.4 billion), 22 percent more than in the first half of 2019, Trend reports with reference to UZEX.

The volume of deals concluded at the exchange with participation of small business and private entrepreneurship made up 9.6 trillion soum ($937.1 million). Entrepreneurs purchased commodity resources for 6.5 trillion soum ($634.4 million) through the exchange and sold their own products for 3.1 trillion soum ($302.5 million).

For the period from January through June 2020, goods worth 22.3 trillion soum ($2.1 billion) were sold at the exchange trading in Uzbekistan with the growth of 20.8 percent. Enterprises-sellers gained additional income due to formation of real market prices at the auctions for 1.2 trillion soum ($117.1 million) or 18.8 percent more than for the period from January through June 2019.

In total $47.6 million of products were exported through the exchange. At the same time, such commodity items as polyethylene (39 percent), vegetable oil (20 percent), cotton fiber (12 percent), oil products (12 percent), polypropylene (10 percent), liquefied gas (four percent), animal feed (three percent) and other goods have taken the structure of the exchange export.

During the period under review, the total volume of transactions on electronic government procurement amounted to 1.5 trillion soum ($146.4 million), which is almost the same as last year. At the same time, savings of budget and corporate customers increased by 12.2 percent and made up 346 billion soum ($33.7 million).

The volume of exhibition and fair trade increased 2.1 times and made up 1.3 trillion soum ($126.8 million), which, in turn, indicates a sharp increase in interest of entrepreneurs in e-commerce exchange.

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