According to data from the National Statistics Committee, during the first 11 months of the year, Uzbekistan’s total foreign trade turnover reached $72.78 billion, up 21.8 percent year on year. Exports rose to $30.8 billion, an increase of 26.2 percent, while imports grew by 16.9 percent to $41.88 billion. As a result, the trade deficit widened slightly to $10.99 billion, compared with $10.78 billion a year earlier.
In November, Uzbekistan fully suspended gold sales. Despite this pause, gold exports totaled $9.9 billion over January–November, up 49.4 percent year on year and surpassing the previous record of $8.15 billion set in 2023.
China remained Uzbekistan’s largest trading partner, with bilateral trade reaching $14.64 billion, followed by Russia at $11.79 billion. Trade with China increased by 30.1 percent, while trade with Russia grew by 10.9 percent. Kazakhstan ranked third with $4.36 billion, ahead of Turkey at $2.68 billion and South Korea at $1.56 billion. Other major partners included Afghanistan ($1.47 billion), France ($1.24 billion), India ($1.2 billion), Germany ($1.16 billion), and the United Arab Emirates ($1.12 billion).
Exports
Excluding gold, industrial goods remained the largest export category, although revenues declined by 10.2 percent to $3.49 billion. Textile and fabric exports fell sharply to $1.4 billion, down 23.8 percent, while shipments of non-ferrous metals edged down to $1.3 billion, a decrease of 6.9 percent. At the same time, exports of non-metallic mineral products rose to $272.7 million, metal products to $197.5 million, and pig iron and steel to $182.4 million.
Food products ranked second, totaling $2.68 billion, a 36.2 percent increase. Exports were dominated by fruits and vegetables at $2.01 billion, up 39.1 percent, and cereals at $501.3 million, up 41.8 percent.
Chemical exports reached $1.86 billion, growing by 19.2 percent. Inorganic chemicals increased by 21.3 percent to $1.04 billion, while fertilizer exports rose by 33.7 percent to $426 million.
Exports of various finished goods surged to $1.54 billion, up 52.9 percent. Clothing exports amounted to $936.6 million, an increase of 18.7 percent, while exports classified as “other finished goods” jumped 3.5 times to $538.9 million.
Fuel and energy exports grew by 13.7 percent to $1.38 billion. Natural gas exports reached $624.1 million, up 5.2 percent, while oil and petroleum products totaled $604.5 million, up 15.2 percent. Electricity exports increased by more than half, exceeding $152.2 million.
