According to preliminary data from the National Statistics Committee, exports fell 8.8% year-on-year to $15.86 billion, while imports rose 21% to $25.15 billion. As a result, the foreign trade deficit widened to $9.29 billion, compared with $3.38 billion a year earlier.
The export figures were heavily affected by a sharp decline in gold shipments. Excluding gold, Uzbekistan’s merchandise exports increased 28.7% year-on-year to $8.2 billion.
Gold exports fall more than fourfold
Uzbekistan exported $1.5 billion worth of gold in the first half of 2026, down from $6.49 billion in the same period of 2025. Gold exports therefore fell 4.3-fold.
Gold’s share of total exports dropped from 37.3% to 9.5%, significantly changing the overall structure of the country’s exports.
Services accounted for 39.1% of exports, up from 26.3% a year earlier. The share of industrial goods increased from 11.3% to 15.2%, while chemicals rose from 5.6% to 8.1% and various manufactured goods from 4% to 8.6%.
Services became Uzbekistan’s largest export category, with exports rising 35.7% to $6.2 billion from $4.57 billion a year earlier.
Travel services accounted for 52.9% of service exports, at around $3.3 billion. Transport services made up 31.6%, or $1.96 billion, while telecommunications, computer and information services accounted for 8.8%, or $545.3 million.
Exports of industrial goods increased 22.8% to $2.41 billion. Textile yarn, fabrics and finished textile products accounted for $975.9 million, up 20.7%, while non-ferrous metals brought in $882 million, up 12.7%. Exports of non-metallic mineral products increased 35.6% to $175.2 million.
Exports of various manufactured goods nearly doubled, rising 94.9% from $700 million to $1.36 billion. Clothing and clothing accessories accounted for $629.9 million, up 31.4%.
Exports of machinery and transport equipment increased 32.3% to $632.9 million. Exports of other transport equipment rose 64.2%, power-generating machinery increased 27.7%, and telecommunications and sound-recording equipment exports quadrupled. Car exports, however, fell 5.4%.





