Uzbekistan resumes gold export after 7-month hiatus 

The trade turnover between Russia and Uzbekistan reached $8.33 billion in eleven months. This allowed it to again take the position of the main trading partner instead of China, follows from the report of the State Statistics Committee.

The total foreign trade of Uzbekistan amounted to $44.94 billion and increased by 18% compared to last year. Since the beginning of the year, exports reached $17.36 billion (+12%), imports amounted to $27.58 billion (+22.1%). The foreign trade deficit exceeded $10.27 billion, exceeding last year almost one and a half times. 

In November, Uzbekistan received $557 million from gold exports. Prior to this, the proceeds from the sale of the precious metal did not change for seven months.

Russia accounts for the largest share of Uzbekistan’s exports ($2.79 billion) and the second largest share of imports ($5.54 billion). At the same time, China remains the main supplier of goods to the country ($5.79 billion) and the second largest export market ($2.38 billion).

In addition to these two countries, Kazakhstan ($4.19 billion) and Turkey ($2.93 billion) are among the main trading partners of Uzbekistan.

Export

Uzbekistan received the largest amount of revenue from manufactured goods - $4.01 billion (+1.3%). Slightly more than half came from fabrics and yarn ($2.05 billion, +0.9%), another $1.34 billion (-10.2%) from non-ferrous metals. Exports of steel and pig iron increased by almost a third to $170.9 million.

Another $1.467 billion (+18.8%) was food exports, mainly fruits and vegetables ($1.046 billion). The third place is occupied by chemical products with $1.22 billion, which is 24.1% more than last year’s level. Of these, $393.8 million was brought by fertilizers.

Deliveries of energy resources reached $1.13 billion and exceeded last year by almost a third (31.9%). The volume of exports of oil and oil products doubled and amounted to $148.4 million, while gas sales reached $910.9 million.

From the export of machinery and equipment, Uzbekistan received $881.2 million (+43%). Of these, $ 319 million was provided by motor vehicles - less than last year by 7.6%. At the same time, supplies of vegetable oil and fats increased 19.5 times to $20.1 million.

Ready-to-wear generated $835.7 million in revenue, up by 40.5% year-on-year. Also, deliveries of Uzbek furniture increased to $19.9 million (+225%).

Import

Machinery and equipment remain the main item - $8.56 billion (+16.2%) was spent on them in ten months. In particular, Uzbekistan imported industrial equipment for $1.92 billion (+11.1%), electrical engineering - for $912.7 million (+15.3%).

In the field of manufactured goods, imports reached $5.25 billion, an increase of 26.3%. Deliveries of steel and pig iron increased by 25.6% and exceeded $2.27 billion, while imports of fabrics and yarn grew by 44.4%, amounting to $497.7 million.

Imports of chemical products amounted to $3.81 billion (+17.3%), of which more than a third fell on medicines ($1.44 billion). Food imports reached $3.05 billion (+39.5%), with grains accounting for the largest share.

Energy imports amounted to $1.56 billion (+20.6%). The bulk of the amount fell on oil products, the demand for which increased by 17.9%. At the same time, Uzbekistan resumed gas imports in November - its amount exceeded $104.8 million.