BAKU, Azerbaijan, Nov. 23
By Klavdiya Romakayeva - Trend:
The foreign trade turnover in Uzbekistan from January through October 2020 reached $30.06 billion, which, compared to the same period last year, decreased by $4.25 billion, Trend reports referring to the State Statistics Committee of Uzbekistan.
The exports amounted to $13.33 billion (a decrease of 7.4 percent compared to the same period last year), and imports amounted to $16.73 billion (a decrease of 16 percent). As a result, the foreign trade balance amounted to a passive balance in the amount of $3.4 billion.
Today Uzbekistan carries out trade relations with more than 160 countries of the world. The largest volume of foreign trade turnover was recorded with China (17.1 percent), Russia (15.1 percent), Kazakhstan (7.7 percent), South Korea (5.9 percent), Turkey (5.5 percent), Kyrgyzstan (2.4 percent), and Germany (2.1 percent).
There is also an active foreign trade balance with four countries among the 20 large partner countries in foreign economic activity, in particular with such countries as Afghanistan ($607.7 million), Kyrgyzstan ($508.4 million), Tajikistan ($242.3 million), and Iran ($40.9 million). Passive balance of foreign trade turnover remains with the remaining 16 countries
One-third of the foreign trade turnover volume falls on the CIS countries and, in recent years, this indicator has changed slightly. Despite the measures taken to strengthen cooperation with the CIS countries and comprehensive support of foreign trade, the share of foreign trade turnover of the CIS countries, compared to the same period in 2019, decreased by 3.3 percent.
The volume of foreign trade turnover of other states for 10M2020, compared to the same period in 2018-2019, increased accordingly and amounted to 68.8 percent of the total volume of foreign trade turnover.
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