09:05 / 26.02.2020
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China reduces imports from Uzbekistan as coronavirus fears persist 
Photo: NBC News

According to preliminary data, the volume of trade with China decreased in January, Spot reports referring to the press service of the State Statistics Committee. 

Total trade amounted to $514.8 million, which is $61.3 million less than in January 2019. Export sharply declined - by almost $100 million (from $252 million to $163 million). Import rose from $324 million in last January to $351 million this year.

This is largely due to the fact that coronavirus caused a slowdown in the growth of the Chinese economy, which led to a decrease in demand from its side. This was predicted by the Central Bank in January. 

Also, trade was reduced with countries close to China - Kazakhstan (from $250 million to $217 million) and South Korea (from $246 million to $192.4 million). Trade with Russia increased from $429 million to $472 million, Turkey - from $154 million to $169 million.

Previously, it was reported that coronavirus is “testing” the dependence of Uzbekistan and the rest of the world on China.

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