Uzbekistan’s foreign trade turnover makes up US$34.73 billion.
20/11/2019 10:52
Uzbekistan’s foreign trade turnover makes up US$34.73 billion.
20/11/2019 10:52
Tashkent, Uzbekistan (UzDaily.com) – In January-October 2019, the foreign trade turnover of Uzbekistan made up US$34.73 billion and grew by US$8.89 billion, or 34.4% more than the corresponding period of last year. Of this number, exports reached US$14.81 billion (growth rate - 43.3%), and imports - US$19.92 billion (growth rate - 28.5%). A passive balance of foreign trade turnover in the amount of US$5.12 billion was noted.
Uzbekistan maintains trade relations with more than 189 countries of the world. The largest volume of its foreign trade turnover among them was recorded with China (19.1%), the Russian Federation (15.1%), Kazakhstan (8.4%), the Republic of Korea (6.5%), Turkey (5.9%), Germany (2.4%) and Kyrgyzstan (2.0%).
The share of other countries in foreign trade turnover in the reporting period reached 65.8% (US$22.84 billion), the growth rate of foreign trade turnover, compared to the same period last year, amounted to 52.0%.
Among the 20 major partner countries in foreign economic activity, there is an active balance of foreign trade with two countries, in particular with Tajikistan (US$120.6 million) and Iran (US$5.7 million). In the remaining 18 countries, a passive balance of foreign trade is maintained.
The volume of exports of the Republic of Uzbekistan in January-October 2019 made up US$14.81 billion (growth, compared with the same period last year, reached 43.3%). The share of exported goods was 80.8%, of which energy carriers and oil products - 16.6%, textiles and textile products - 8.9%, food products - 8.7%, non-ferrous metals and products from them - 5.3 %, chemical products and products from it - 5.0%.
An analysis of the structure of exported goods and services in January-September 2019 also showed that, compared to the corresponding period of the last year, there were no significant changes, however, it should be noted that the volume of exports of all types of goods and services, except for chemical products and products from it , in January-October 2019, compared with the corresponding period last year, increased.
Over the past three years, the dynamics of diversification of the export structure has been observed. Thus, the share of energy carriers and oil products increased by 4.0 percentage points and amounted to 16.6%, food products - 2.3%, ferrous metals and products from them - 0.3%, textiles and textile products - 0.2 , services - 0.4. The remaining positions show a decrease in the share due to a substantial increase in the share of food products, energy and oil products in the export structure.
The largest share of exports of goods is natural gas (18.7% of the total export of goods), textiles (11.0%), copper and its products (4.8%), fruits and berries (3.9%) . Over the past three years, the volume of exports to the CIS countries has increased and their share in total exports has increased from 31.7% in 2017 to 35.0% in 2019. Accordingly, the share in the total exports of other foreign countries amounted to 65.0%.
Compared to last year, our main partners in the export of goods and services in foreign trade in January-October 2019 were countries such as the PRC (16.8% of total exports), the Russian Federation (13.4%), and Kazakhstan (8.5%), Turkey (6.6%), Kyrgyzstan (3.9%), Afghanistan (3.3%) and Tajikistan (1.8%). Their share in total exports exceeded 50%. This year, among seven major partner countries for the export of goods and services, Tajikistan has regained its place in terms of the share of exports instead of Iran. Along with this, Kyrgyzstan strengthens its position from year to year, ahead of Iran and Afghanistan.
The geography of partner countries for the export of goods and services, compared with the same period last year, increased from 148 to 174 countries.
The largest volume of exported goods among large partner countries is made up of energy carriers and oil products, chemical products and products from it, as well as food products.
The volume of export of services in January-October 2019 reached US$2.84 billion, or 19.2% of its total volume, and increased by 12.9% compared to the same period last year. In the export of services, the lion’s share is transport services and travel (tourism).
The volume of export of fruits and vegetables in physical terms amounted to more than 1.16 million tons and, in value terms, 1.05 billion (the growth rate compared to the same period last year was 13.4% and 42.2%, respectively). Of these, more than 667.2 thousand tons of vegetables were exported in the amount of US US$476.2 million, as well as 492.5 thousand tons of fruits and berries in the amount of US$575.7 million (growth rates in value terms, compared with the same period last year, respectively, amounted to 83.6% and 19.8%).
Due to the fact that our management pays considerable attention to the development of agriculture and horticulture, the quality and volume of exported goods are increasing from year to year. So, in January-October 2019, the share of fruits and vegetables in the total export amounted to 7.1%.
In January-October 2019, the volume of textile exports amounted to US$1.31 billion and increased, compared to the same period in 2018, by 23.2%, which reached 8.9% of its total volume. The main share in the structure of textile exports is cotton yarn (56.7%), as well as finished knitwear and garments (22.4%). Since the beginning of the year, more than 384 types of textile products have been exported to 56 countries.
As a result of practical work to diversify the textile industry of the republic and stimulate the export of finished products, our country’s potential in this area is growing. The largest share of textile exports is to the Russian Federation (US$489.2 million - 37.2%), China (US$352.6 million - 26.8%) and Turkey (US$153.1 million - 11.6%).
In January-October 2019, the volume of imports in the Republic of Uzbekistan made up US$19.92 billion (growth rate - 28.5%). The main share in its structure is occupied by machinery and equipment, including parts and accessories (44.3%), chemical products and products from it (12.9%), as well as food products (7.5%).
In January-October 2019, the volume of imports in the Republic of Uzbekistan reached US$19.92 billion (growth rate - 28.5%). The main share in its structure is occupied by machinery and equipment, including parts and accessories (44.3%), chemical products and products from it (12.9%), as well as food products (7.5%).
An analysis of the dynamics of imports of goods and services also showed that in January-October 2019, compared with the corresponding period last year, the volume of imports of goods increased by US$4.27 billion and amounted to US$17.93 billion. Import of services reached US$1.99 billion.
The largest share of imports of energy and oil products (94.6%), non-ferrous metals and products from them (60.1%), food products (65.8%), as well as ferrous metals and products from them (64.7%) accounted for by the CIS countries, while in other foreign countries the lion’s share falls on machinery and equipment (88.2%), as well as on chemical products and products from it (78.9%).
An analysis of the structure of imported goods and services in January-October 2019 also showed that, compared to the corresponding period of last year, the share of imports of machinery and equipment, including parts and accessories, in its total volume increased from 41.3% to 44.3 %, and the share of food imports decreased from 8.4% to 7.5%.
In dynamics, a stable ratio of the share of imports with the CIS countries and other foreign countries remains, which is 33.7: 66.3.
According to the results of the reporting period, China ranked first among the major import partner countries with a share of imports in the total volume of 20.7%, ahead of the Russian Federation with a share of 16.3%. The Czech Republic entered the top twenty major import partner countries due to the accelerated growth in imports from the Republic of Uzbekistan (with a growth rate of 2.3 rubles more compared to the same period last year).
According to the results of January-October 2019, goods and services from 154 countries were imported to the Republic of Uzbekistan.
Seven major partner countries (China, the Russian Federation, the Republic of Korea, Kazakhstan, Turkey, Germany, and the United States) share 68.2% of the total imports, which amounts to more than US$13.58 billion.
The volume of imports of services in January-October 2019 amounted to 1.99 billion, or 10.0% of the total volume of imports and increased by 7.5% compared to the same period last year. The main share in the import of services is travel (tourism).
In January-October 2019, the volume of imports of building materials amounted to US$1.1 billion and increased by 12.1% compared to the same period in 2018. The share of imports of building materials in their total volume reached 5.6%. The main share in the structure of imports of building materials is made up of wood and wood products (48.5%), cement (12.6%), glass and wood products (5.0%), and asbestos (2.5%).
The volume of imports of building materials in January-October 2019, compared with the corresponding period in 2018, increased significantly. The growth in imports of these materials is primarily associated with large-scale construction and reconstruction work carried out in the republic.
$ 1 | 12570.00 | +0.024% |
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