In the past ten months, Uzbekistan's foreign trade turnover reached $54.36 billion. This is stated in the report from the Statistics Agency.
Compared to the same period last year, this figure increased by 6.7%. The significant rise in exports ($22.42 billion, +9.6%) and the increase in imports ($31.92 billion, +4.7%) were the main reasons for this growth.
In October, Uzbekistan continued its gold sales, generating $833.4 million. Since the beginning of the year, the export volume of the precious metal has exceeded $6.6 billion (a decline of 3.5% year-on-year).
China remains the leading trading partner of Uzbekistan ($10.23 billion) and the main supplier of goods ($8.51 billion). Russia holds the second position with $9.69 billion, with exports in this direction ($3.09 billion) showing a noticeable increase.
Additionally, the top five foreign trade partners include Kazakhstan ($3.42 billion), Turkey ($2.42 billion), and South Korea ($1.65 billion), with trade with these countries slowing down. Among significant partners, a trade surplus is noted with France, Afghanistan, Kyrgyzstan, Tajikistan, and Pakistan.
Exports
Besides gold, industrial goods remain the main item in commodity exports. Since the beginning of the year, revenue from these supplies reached $3.4 billion (+0.8%).
Revenue from textile and fabric exports amounted to $1.68 billion (-2.4%). Supplies of non-ferrous metals increased by 1% to $1.14 billion, while exports of steel and cast iron fell by 4.1% to $163 million.
In second place is food with $1.7 billion (+17.3%). Here, vegetables and fruits dominate ($1.25 billion, +30%), along with grains ($308.3 million, -24.4%).
The export volume of chemical products reached $1.36 billion (+26.4%). Inorganic substances showed a growth of two-thirds to $742.3 million, followed by fertilizer supplies at $282.2 million (+6.3%).
Supplies of machinery products decreased by 10.5% to $884.3 million. Meanwhile, the leading item remained the export of cars and their components, which dropped by 21.5% to $320.5 million.
Exports of "other transport equipment" grew by one-third ($127.7 million). Supplies of electrical equipment decreased by 8.9% ($170.5 million), while telecommunications and sound recording equipment saw a nearly 2.5 times drop ($42.3 million), and data processing equipment fell fourfold ($6.6 million).
Exports of consumer and other goods totaled $876.3 million (-12.4%). Revenue from clothing supplies was $724.7 million (-13.7%), while "various finished products" noted a 2% increase to $89.8 million.
Supplies of petroleum products nearly doubled, exceeding $500 million, and there was also a noticeable increase in electricity exports ($81.7 million). Furthermore, gas exports surpassed last year's figures by 17.9% ($540.4 million).
Imports
In the structure of imports, machinery products lead with $11.21 billion (-4.2%). Supplies of cars and components amounted to $2.68 billion (-23.8%), electrical equipment to $1.65 billion (+22.2%), power generators to $917.8 million (+29.9%), and communication devices to $866 million (+16.1%).
Second place is held by industrial goods at $4.96 billion (-3.2%). Imports of cast iron and steel grew ($2.19 billion, +5.6%), wooden products ($327.8 million, +7%), and non-ferrous metals ($312.3 million, +11.4%).
The import of chemical industry products fell by 3.5% to $3.88 billion. Expenses for medical goods reached $1.42 million (+10%), and primary plastics amounted to $657.9 million (-13.6%).
Supplies of fuel and lubricants increased by more than half to $3.26 billion. Gas imports from Russia and Turkmenistan rose 2.4 times to $1.36 million. Expenditures on oil and petroleum products reached $1.66 billion (+33.3% year-on-year).
Additionally, imports of foreign food products totaled $3 billion (+5.6%). Of this, $751 million was spent on grain (-20.8%), $525.5 million on sugar and confectionery (+10.6%), and $313.3 million on vegetables and fruits (+19.6%).
Previously, Spot reported that Uzbekistan joined the agreement on simplifying paperless trade in the APEC region.