Uzbekistan boosts gold share in total export
BAKU, Azerbaijan, Sept. 21
By Klavdiya Romakayeva - Trend:
From January through August 2020, Uzbekistan increased gold exports by 47.2 percent or $1.86 billion compared to the same period last year, Trend reports referring to the State Statistics Committee of Uzbekistan.
As a result of such an increase, half of the total export of the country fell to the share of gold. Over the period under review, precious metals were sold abroad for $5.8 billion.
At the same time, the foreign trade turnover of Uzbekistan from January through August reached $24.5 billion, decreasing by 12.7 percent, or $3.5 billion, compared to the same period last year.
The volume of exports for eight months decreased by 4.1 percent to $11.6 billion, imports - to $12.9 billion (19.1 percent). The negative balance of foreign trade turnover amounted to $1.3 billion.
Currently, Uzbekistan carries out trade relations with more than 160 countries. The largest volume of foreign trade turnover was recorded with China ($4 billion), Russia ($3.6 billion), Kazakhstan ($1.8 billion), South Korea ($1.4 billion), Turkey ($1.2 billion), Kyrgyzstan ($0.6 billion) and Germany ($0.5 billion).
Earlier the general director of RB Asia international investment and consulting company Doniyor Islamov explained that the rise in the price of gold has a beneficial effect on the economy of Uzbekistan, especially in a crisis situation when many other sources of exports are falling, and economic growth is slowing down.
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