Uzbekistan's Foreign Trade Surges in Early 2025, Exports Drive Growth

In January-February 2025, Uzbekistan's foreign trade turnover amounted to $10.84 billion, according to a report by the National Statistics Committee.

Compared to the same period last year, the figure increased by 9.9%, driven by a significant rise in exports ($4.64 billion, +27.7%) and a slight decrease in imports ($6.2 billion, -0.6%). As a result, the trade deficit shrank to $1.55 billion (compared to $2.6 billion last year), The Caspian Post reports, citing Uzbek media.

Last month, after a temporary pause in January, Uzbekistan resumed gold sales, exporting $1.73 billion worth of the precious metal (+31.3%). In 2024, total gold exports reached $7.48 billion, reflecting an 8.3% year-on-year decline.

China remains Uzbekistan's largest trading partner, with a turnover of $2.08 billion, and its top supplier of goods ($1.77 billion). Russia ranks second with $1.61 billion in trade, including $547.9 million in exports. However, trade with China fell by 2.36%, while trade with Russia declined by 8.3%.

Other key trade partners include Kazakhstan ($659.9 million), Türkiye ($418 million), and Afghanistan ($276.2 million), with trade volumes either increasing or remaining stable compared to last year. The top 10 trade partners also feature South Korea ($260.5 million), Germany ($256.4 million), India ($195.3 million), France ($184.1 million), and Kyrgyzstan ($163 million).