Uzbekistan’s Import of Passenger Cars Increased in the First Quarter of 2023
Uzbekistan has imported 10,489 passenger cars worth $283.7 million from 19 foreign countries in the first quarter of 2023, according to the Statistics Agency. The import of passenger cars has increased by 1,981 compared to the corresponding period of last year.
China is the top source of imported cars with 6,007 units delivered to Uzbekistan, followed by South Korea (3,643), the USA (460), Hong Kong (187), Japan (81), Germany (59), Austria (14), and the UAE (13).
The growth of the import of passenger cars is a positive development for Uzbekistan’s automotive industry, which has been undergoing significant reforms in recent years. In 2021, the government launched a series of measures to promote localization and boost the production of domestic cars. The measures include tax incentives, subsidies, and financial support for component manufacturers and automotive companies.
The increase in imports also reflects the growing demand for cars in Uzbekistan, which is one of the fastest-growing economies in Central Asia. The country is experiencing a demographic shift, with a growing middle class and increasing urbanization, leading to higher demand for personal transportation.
Despite the growth in imported cars, the government remains committed to promoting the local production of vehicles. Uzbekistan aims to increase the share of domestically produced cars to 50% by 2030 and is working on attracting foreign investment and technology for the automotive industry.
In summary, the increase in the import of passenger cars in Uzbekistan is a positive trend for the country’s economy and automotive industry. The government’s efforts to promote localization and attract foreign investment will create more opportunities for the development of the automotive sector and meet the growing demand for personal transportation.