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IMF predicts boost in Uzbekistan’s non-oil import volumes in 2024

Uzbekistan Materials 26 October 2023 05:40 (UTC +04:00)
IMF predicts boost in Uzbekistan’s non-oil import volumes in 2024
Kamol Ismailov
Kamol Ismailov
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TASHKENT, Uzbekistan, October 26. The International Monetary Fund (IMF) forecasts that Uzbekistan’s imports of goods and services will amount to $47.9 billion in 2024, Trend reports.

According to IMF data, this is 16.08 percent more than the estimated imports of goods and services for 2023.

Uzbekistan's imports of goods and services are projected to amount to $40.2 billion this year.

In addition, the data from the fund shows that Uzbekistan's imports of goods and services amounted to $35.6 billion in 2022, $27.9 billion in 2021, and $22.6 billion in 2020.

Meanwhile, the volume of Uzbekistan’s imported goods amounted to $23.6 billion from January through August 2023, which is 20.2 percent more than in the same period of 2022.

The volume of imports of services in the reporting period amounted to $1.5 billion (6.7 percent of the total import volumes) and decreased by 4.9 percent compared to the same period in 2022.

The volume of imports of goods increased by $4 billion and amounted to $22 billion, while imports of services reached $1.5 billion in the first 8 months of 2023, as Uzbekistan imported goods and services from 169 countries, with more than 60 percent coming from China, Russia, Kazakhstan, the Republic of Korea, Turkey, Germany, and Brazil.

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