Uzbekistan's foreign trade turnover reached $59.4 billion.

Kazakhstan has emerged as one of Uzbekistan's largest foreign economic partners (following China and Russia). This is attributed to several factors: the shared border, trade within the CIS free trade zone, and the liberalization of mutual economic relations.

As of now, the Republic of Uzbekistan engages in trade with 195 countries worldwide. The highest volume of external trade is recorded with China (19.0%), Russia (18.0%), Kazakhstan (6.5%), Turkey (4.4%), and South Korea (3.0%).

In the structure of the republic's external trade turnover, a significant portion is noted in Tashkent, accounting for 38.8% or $23.02 billion, while the smallest share is recorded at 0.6%, or $365.1 million, in the Surkhandarya region.

The share of external trade turnover with CIS countries during the reviewed period, compared to the same period in 2023, increased by 3.0%, totaling 35.4% overall.

The economic growth of countries trading with Uzbekistan may lead to an increased demand for the republic's exports from consumers in these states.

The volume of external trade turnover with other countries worldwide from January to November 2024, compared to the same period in 2023, decreased by 3.0% and constituted 64.6% of the total external trade turnover.

From January to November 2024, Uzbekistan's external trade turnover with CIS countries reached $21.03 billion, with exports totaling $8.266.2 million and imports amounting to $12.76 billion.

Trade within the CIS free trade zone positively impacts Uzbekistan's overall external trade turnover. The largest volume of external trade turnover with CIS countries was recorded with Russia (50.8%), Kazakhstan (18.3%), and Turkmenistan (5.1%).

During the reviewed period, Uzbekistan's external trade turnover with EAEU countries amounted to $15.95 billion, with exports at $5.36 billion and imports at $10.58 billion.

It should be noted that a common economic area with a unified customs system has been established among the EAEU member states (Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan), ensuring the free movement of goods and services, migration, and capital.

The number of exporters reached 7,251, and the volume of goods and services exported amounted to $17.6 billion (excluding non-monetary gold), which represents a 16.9% increase compared to the same period in 2023.

In the export structure, goods account for 73.4%, including other goods – 27.7%, industrial goods – 16.0%, food products and live animals – 8.1%, and chemical substances and similar products – 6.2%.

The share of exports to CIS countries from January to November 2024, compared to the same period in 2023, increased by 1.9%.

Our main partners in the export of goods and services during the external trade turnover from January to November 2024 included countries such as Russia, China, Kazakhstan, Turkey, Afghanistan, France, and Tajikistan. Their share in the total export volume reached 40.5%.

A significant portion of the republic's exports is noted in Tashkent, accounting for 20.7% or $5 billion, while the smallest share is recorded at 0.8% or $184.2 million in the Jizzakh region.

From January to November 2024, 1,899.0 thousand tons of fruit and vegetable products were exported, which represents a 16.6% increase or 269.9 thousand tons compared to the same period in 2023.

The volume of fruit and vegetable product exports during the reviewed period amounted to $1.41 billion (the growth rate compared to the same period in 2023 was 30.0%). In total, exports constituted 5.8%.

The main markets for fruit and vegetable product exports were Russia (42.1%), Kazakhstan (12.7%), Pakistan (12.6%), and Afghanistan (8.0%).

As of January to November 2024, the highest value of fruit and vegetable product exports is attributed to Russia (42.1% of the total volume), exceeding the export volume from Pakistan by 3.4 times.

During the period from January to November 2024, textile product exports amounted to $2.65 billion, which constituted 10.9% of its total volume and decreased by 6.4% compared to the same period in 2023.

In the structure of textile product exports, the main share is also held by yarn (43.3%) and finished textile products (39.2%).

As a result of widespread adoption of new production technologies and modern equipment in the country, along with the implementation of quality management systems, labor productivity is increasing, enabling finished products to find their place in global markets.

The export volume of services from January to November 2024 amounted to $6.43 billion, or 26.6% of the total trade export volume, and increased by 33.4% compared to the same period in 2023.

In the composition of service exports, travel (tourism) accounted for the lion's share (48.6%), followed by transport services (36.7%), telecommunications, computer, and information services (8.2%), and other business services (3.1%). Meanwhile, the largest share of other services (3.4%) includes financial services (1.0%), insurance and pension services (0.9%), construction services (0.6%), and others.

During the reporting period, imports amounted to $35.14 billion (an increase in growth rates compared to January-November 2023 was 3.0%). The main share in its structure is occupied by machinery and transport equipment (34.6%), industrial goods (15.7%), and chemical substances and similar products (12.2%).

Analysis of the dynamics of goods imports also showed that from January to November 2024, compared to the same period in 2023, the volume of goods imports increased by $75.5 million, reaching $31.89 billion, while service imports reached $3.25 billion.

The share of imports from CIS countries, compared to the same period in 2023, increased by 3.7%, totaling 36.3% as of January to November 2024.

In total, from January to November 2024, Uzbekistan imported goods and services from 169 countries. More than two-thirds of imports came from major partner countries such as China, Russia, Kazakhstan, South Korea, Turkey, Turkmenistan, and Germany.

A significant portion of the republic's imports is noted in Tashkent, accounting for 51.3% or $18.02 billion, while the smallest share is recorded in the Surkhandarya region at 0.3% or $121.7 million.

The volume of service imports from January to November 2024 amounted to $3.25 billion, or 9.3% of the total volume, and increased by 42.2% compared to the same period in 2023.

In the composition of service imports, the main share is held by travel (tourism – 52.6%), transport services (20.1%), telecommunications, computer, and information services (9.4%), and other business services (6.0%).

In addition, other services accounted for 11.9% of total imports, including a significant share from fees for the use of intellectual property not categorized elsewhere (3.9%), technical maintenance and repair services not categorized elsewhere (3.4%), construction services (2.1%), and others.

As of January to November 2024, in the structure of imports, the volume of industrial goods reached $5.52 billion, decreasing by 3.5% compared to the same period in 2023, and the overall share in total imports was 15.7%.

Most industrial goods imports are comprised of cast iron and steel ($2.45 billion), metal products ($739.2 million), textile yarn, fabrics, finished products ($530.5 million), rubber products ($400.3 million), and others.