Uzbekistan’s Foreign Trade Turnover Reaches $44.7 Billion in Nine Months
Uzbekistan’s Foreign Trade Turnover Reaches $44.7 Billion in January-September 2023
The foreign trade turnover (FTT) of Uzbekistan has reached $44.7 billion in the period of January-September 2023, as reported by the Statistics Agency. This amount marks a significant increase of 22.1% compared to the same period in the previous year.
During this nine-month period, Uzbekistan exported goods and services worth $17.7 billion, while imports amounted to $27 billion, resulting in a negative trade balance of $9.3 billion.
China held the highest share in Uzbekistan’s foreign trade with 21.1%, followed by Russia at 15.7%, Kazakhstan at 7.2%, Türkiye at 5.3%, and the Republic of Korea at 3.8%. The agency also noted that Uzbekistan conducted trade relations with 193 countries around the world during this time.
These figures indicate a positive trend in Uzbekistan’s foreign trade performance, reflecting the country’s growing presence in the global market. As the year progresses, it will be interesting to see how Uzbekistan’s foreign trade continues to evolve and contribute to the country’s economic growth.
