Uzbekistan’s foreign trade hits $10.84 billion in two months as gold exports surge

Exports of fuel and energy resources rose by one-third to $143.6 million. Petroleum product exports fell slightly (-0.5%) to $66.8 million, but electricity exports doubled to $34.3 million. Gas exports more than doubled, exceeding $42 million compared to last year.

Machinery exports dropped 7.8% to $116.3 million, with automobile and auto parts exports leading the category at $37.1 million (-4.5%). Electrical equipment exports rose 14.4% to $33.7 million, while power generator exports soared 80.4% to $24.1 million.

Additionally, service exports reached $1.17 billion, accounting for 27.3% of Uzbekistan’s total trade exports. This sector saw a 61.5% year-on-year increase, with tourism ($472.2 million), transport ($465 million), and IT services ($151.7 million) leading the way.

Imports

Machinery remains Uzbekistan’s largest import category, totaling $2.19 billion (-10%). Key imports included:

• Specialized machinery – $468.7 million (+20.1%)
• Passenger vehicles – $459.5 million (-36.3%)
• Industrial non-specialized equipment – $422.8 million (+20%)
• Electrical equipment – $328.4 million (-0.3%)
• Communication devices – $169.3 million (-1.2%)

Car imports collapsed fivefold to just $76 million over two months, while imports of auto parts and accessories rose 23.7% to $253.9 million.

Industrial goods ranked second among imports at $989.9 million (-12.4%). The import of iron and steel ($466.1 million, -20.5%) and metal products ($131.1 million, -14.4%) declined, while imports of rubber products ($81 million, +16.1%) and textile goods ($89.3 million, +1.2%) increased.

Imports of chemical products grew 6.1% to $783.4 million, with medical supplies reaching $309.5 million (+1.6%) and primary plastics surging 33.8% to $141 million.

Foreign food imports amounted to $645.9 million (+20.8%), with key items including:

• Grain – $152.1 million (+2.3%)
• Sugar and confectionery – $99.4 million (+63.8%)
• Meat and meat products – $89.1 million (+56.9%)

Imports of fuel and energy resources fell 20.4% to $403.4 million. Oil and petroleum product imports dropped 3.6% to $291 million, with gasoline imports falling 18.8% to $78.8 million. Natural gas imports from Turkmenistan and Russia plunged threefold, totaling $35.8 million.

Spending on electricity imports fell 23.9% to $43.5 million, while coal imports declined 21.3% to $33.1 million.

Additionally, service imports, which account for over 10% of Uzbekistan’s total trade imports, surged 45.4%, exceeding $660 million. The leading service import categories were tourism ($398.2 million), transport ($128.7 million), and IT services ($56.2 million).