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.