2023 Apr Uzbekistan Global Trade Data Summary: Surge & Deficit

Uzbekistan 2023 Apr Trade Data Key Takeaways

• Market Trend: Uzbekistan trade data shows exports surged 53.5% YoY to $1.6B, widening deficit to $1.09B in Apr 2023.
• Key Driver: Uzbekistan import export data reveals gems/metals (HS71) dominate exports (40.8%), while machinery/vehicles lead imports (32% combined).
• Strategic Risk: Overreliance on single export destination (45.6% share) and raw materials exposes trade volatility risks.

Analysis covers 2023 Apr based on sanitized customs records from the yTrade database.

Uzbekistan 2023 Apr Trade Data Trend Overview

• Uzbekistan, a developing Central Asian economy with a strategic focus on commodity exports and industrial inputs, posted significant trade expansion in its April 2023 global trade data.
• The country's import export data showed exports surging 53.5% year-on-year to $1.60 billion, while imports grew 7.4% to $2.69 billion, reflecting strong external demand for key goods and steady domestic consumption of foreign products.
• This resulted in a trade deficit of $1.09 billion for the month, underscoring Uzbekistan’s structural reliance on imported machinery, equipment, and consumer goods.
• The export spike was likely driven by elevated global prices and volumes for natural gas, metals, and cotton—core Uzbek exports—with no specific trade policies or disruptions reported during the period.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Uzbekistan Trade Data

Uzbekistan 2023 Apr Top Trading Products

Uzbekistan Global Trade Core Summary

Uzbekistan's exports are heavily concentrated in raw materials and low-processed goods. Gems and precious metals (HS71) dominate with 40.8% share, followed by mineral fuels (8.1%) and copper (6.5%). Cotton and knitted apparel show light manufacturing activity. Imports focus on machinery (17.2%), vehicles (14.8%), and industrial inputs like iron/steel (6.5%) and plastics (4.5%). Key takeaways:

• Resource dependence: 55% of exports come from gems, fuels, and metals.
• Industrial gaps: High import reliance on machinery/vehicles signals weak domestic production.
• Food security risks: Cereals rank 9th in imports (3.1%), exposing vulnerability.

Uzbekistan Export-Import Structural Gap

The trade structure shows a clear resource-for-technology exchange. Uzbekistan exports raw gems, metals, and cotton but imports finished machinery, vehicles, and aircraft. Overlap in HS84/85/87 codes reveals processing trade potential—importing components for assembly. The lack of high-value exports (except HS71) and heavy machinery imports suggests early-stage industrialization. Priority areas include upgrading cotton/textile value chains and reducing fuel import dependence (5% of imports).

Table: Uzbekistan Top Import & Export Product Categories (Source: yTrade)

Check Detailed Uzbekistan Trade HS Code Breakdown

Uzbekistan 2023 Apr Top Trading Countries

Uzbekistan Global Trade Key Patterns

Uzbekistan's exports show high concentration, with one unnamed destination accounting for 45.6% of total exports ($730.8M). Other key export markets are Russia (11.2%), Mainland China (10.7%), and Kazakhstan (7.3%), indicating strong regional ties to neighboring and CIS countries. Imports are more diversified, led by Mainland China (27.4%), Russia (17.9%), and Kazakhstan (9.9%), with additional sourcing from South Korea, Turkey, and Germany. Key asymmetries include:

• Heavy reliance on a single export destination (risk of overexposure).
• Imports draw from a broader mix of Asian and European suppliers.
• Russia and Kazakhstan appear in both top export and import lists, suggesting processing trade or re-export activity.

Uzbekistan Export–Import Geographic Gap

Exports are heavily skewed toward a few regional partners, while imports show wider sourcing from both nearby and distant economies. Overlapping countries (China, Russia, Kazakhstan) hint at integrated supply chains, but the export structure lacks diversification compared to imports. The gap suggests downstream market concentration and upstream supplier flexibility, with Europe and East Asia supplementing regional trade flows.

Table: Uzbekistan Top Destiantion & Origin Countries (Source: yTrade)

Get Complete Uzbekistan Trading Patner Countries Profile

Frequently Asked Questions

What are the major products exported by Uzbekistan in 2023 Apr?

The top exports were natural or cultured pearls, precious or semi-precious stones (40.78% of total exports), mineral fuels (8.11%), and copper articles (6.52%). Cotton and apparel items also featured prominently.

What are the main products Uzbekistan imports in 2023 Apr?

Key imports included nuclear reactors and machinery (17.23% of total imports), vehicles (14.76%), and iron/steel products (6.49%). Electrical machinery and mineral fuels were also significant.

Which countries are the top destinations for Uzbekistan's exports in 2023 Apr?

Mainland China received 27.37% of exports, followed by Russia (17.87%) and Kazakhstan (9.94%). South Korea and Turkey were other major destinations.

Which countries supply most of Uzbekistan's imports in 2023 Apr?

Russia was the largest import source (11.16%), followed by Mainland China (10.70%) and Kazakhstan (7.33%). Turkey and Afghanistan also supplied notable shares.

How balanced are Uzbekistan's export and import markets in 2023 Apr?

Uzbekistan had a $1.09 billion trade deficit, with exports growing 53.5% to $1.60 billion and imports rising 7.4% to $2.69 billion, reflecting reliance on foreign machinery and consumer goods.