Uzbekistan’s foreign trade turnover makes up US$17.8 billion in Jan-Jul

Tashkent, Uzbekistan (UzDaily.com) -- According to the results of January-July of 2018, Uzbekistan’s foreign trade turnover made up US$17.8 billion and increased by 24.2% compared to the same period of the previous year.

State Statistics Committee of Uzbekistan said that the volume of exports reached US$7.6 billion (growth rate 15.7%), the volume of imports made up US$10.2 billion (growth rate of 31.4%). The balance of foreign trade was minus US$2.5 billion.

As a result, the increase in the production of products that replaced imported goods and the diversification of the industrial structure achieved significant changes in the structure of exports.

The order of the states having the largest share in the republic’s commodity turnover remained unchanged in January-July 2018 as well as in January-June of this year. The share of the CIS countries in January-July 2018 was 34.5%.

As a result of measures taken to strengthen cooperation with the CIS countries and comprehensive support for foreign trade, the share of CIS countries in foreign trade turnover in January-July 2018 made up 38.5%.

The share of other countries in the foreign trade turnover in January-July 2017 was 65.5%. In the current year, the foreign trade turnover with them decreased by 61.5%.

The volume of exports in January-July 2018 reached US$7.6 billion (growth rate of 15.7%). As a part of exports, the share of goods reached 77.8%, of which energy and oil products 19.2%, food products 8.7%, chemical products and products thereof 6.9%.

The volume of export services amounted to US$1.69 billion, or 22.2% of the total volume of exports and increased, compared to the same period last year, by 20.3%.

In the export of services, the major share is occupied by transport services, tourism services, as well as telecommunications, information, computer and financial services.

China and Russia have the largest share in the export of goods and services to the Republic of Uzbekistan. The share of these countries in total exports is 34.9%.

The composition of exported goods to China and Russia includes a group of energy carriers and petroleum products, chemical products and products from it, as well as food products.

The volume of exports of fruit and vegetable products amounted to more than 690,500 tonnes and reached US$527.4 million (growth rate 74.0%).

More than 463 tons of vegetables from the structure of fruit and vegetable products were exported to US$204.4 million and increased, as compared to the same period last year, 2.1 times, as well as 171.7 tons of fruits and berries exported for US$270.8 million (compared to the same period last year increased by 93.1%).

In January-June 2018, the volume of exports of textile products made up US$762.2 million and increased compared to the same period in 2017 by 16.6%, which is 10.0% of total exports. Of the structure of exports of textile products, the main share is occupied by cotton yarn (58.0%), ready knitted and garments (22.6%). Since the beginning of the year, more than 297 types of goods have been exported in 52 countries of the world.

For the first half of this year, the volume of imports was US$10.2 billion (growth rate - 31.4%). In the import structure, the main share is occupied by machinery and equipment (39.4%), chemical products and products made of it (13.4%), as well as food products (9.6%).

The volume of imports of services amounted to US$1.25 billion, or 12.4% from total amount of import and, in comparison with the similar period of the last year, has increased in 24.5 times.

In the structure of import of services, the main share is occupied by tourism services, transport services, as well as telecommunications, information, computer and construction services.

According to the results of January-July 2018, more than 145 types of goods and services were imported to Uzbekistan.

Five large partner countries (the Russian Federation, the People’s Republic of China, Kazakhstan, the Republic of Korea and Turkey) account for 61.7% of total imports, or US$6.26 billion.

At the same time, it should be noted that during the last period of 2018, the number of imported goods was more in June than in the other months. And in July the number of imported goods decreased by US$146.7 million, compared to June, and amounted to US$1.41 billion.

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