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Foreign trade turnover of Uzbekistan shrinks

Business Materials 28 August 2020 15:11 (UTC +04:00)
Foreign trade turnover of Uzbekistan shrinks

BAKU, Azerbaijan, Aug. 28

By Ilkin Seyfaddini - Trend:

The foreign trade turnover of Uzbekistan has decreased following the results of the period from January through July 2020 by 19.3 percent in comparison with the similar period of 2019 amounting to $19.5 billion, Trend reports with reference to the State Statistics Committee of Uzbekistan.

Uzbek exports decreased for the accounting period by 21.3 percent to $8.2 billion, imports - by 17.7 percent to $11.2 billion, foreign trade deficit - by 5.3 percent to $2.9 billion.

In particular, exports of goods decreased by 26.5 percent to $3.8 billion, services - by 37.7 percent to $1.8 billion, gold - by 4.7 percent to $3.3 billion, imports of goods - by 14.7 percent to $10.5 billion, services - by 45.8 percent to $714 million.

Excluding gold, Uzbekistan's foreign trade deficit would have reached $6.2 billion in the first seven months of the current year.

The largest foreign trade partners of Uzbekistan in the period from January through July 2020 were China - $3.4 billion, Russia - $3.1 billion, Kazakhstan - $1.5 billion, South Korea - $1.32 billion, and Turkey - $1.04 billion.

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