Uzbekistan increases export to CIS countries
BAKU, Azerbaijan, Feb. 26
By Ilkin Seyfaddini – Trend:
The volume of exports to the CIS countries has increased and its share in the total volume increased from 19.7 percent in 2018 to 29.5 percent in 2020, Trend reports with the reference to Committee of Statistics of Uzbekistan.
Accordingly, the share in the total export volume of other countries was 70.5 percent.
In January 2020, Russia took the leading place among the seven major partner countries in the export of goods and services, the message said.
The difference in the direction of export of goods and services between the CIS countries and other foreign countries is observed. Thus, 33.5 percent of exports to the CIS countries are primarily services exports, followed by textile, energy and oil products (in particular natural gas) and food products.
Reforms implemented to increase the country's export potential, government support for exporters and to expand the range of export-oriented products made it possible in January to increase the number of exporters to 1,954, which brought the volume of exports to $1.3 billion.
Government reforms carried out in recent years and aimed at stimulating exports, optimizing imports and, in general, the policy implemented in the country in order to achieve a balanced foreign trade, ensured the growth of foreign trade turnover of the country at the end of January 2020 and reached the number of $2.9 billion.
While exporting goods worth $1.3 billion, imports amounted to $1.6 billion.