2023 Feb Uzbekistan Global Trade Data Summary: Exports Plummet

Uzbekistan 2023 Feb Trade Data Key Takeaways

• Market Trend: Uzbekistan trade data shows exports plummeted 68.6% YoY in Feb 2023 while imports grew 12.4%, widening the deficit.
• Key Driver: Uzbekistan import export data reveals reliance on raw materials (cotton, copper) for exports and machinery/tech for imports.
• Strategic Risk: Export concentration in regional markets (Russia, Turkey) heightens exposure to commodity swings and geopolitical shifts.

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

Uzbekistan 2023 Feb Trade Data Trend Overview

• Uzbekistan, a Central Asian energy and commodity exporter, saw its global trade flows shift dramatically in February 2023, according to the latest Uzbekistan global trade data.
• The country's Uzbekistan import export data for the period shows exports collapsed 68.6% year-on-year to $793.5 million, while imports grew 12.4% to $2.68 billion.
• This divergence resulted in a significant trade deficit of approximately $1.89 billion for the month.
• The export slump, against a backdrop of no specific trade policy announcements, was likely driven by volatile global commodity prices and shifting regional demand for its key mineral and agricultural shipments.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Uzbekistan Trade Data

Uzbekistan 2023 Feb Top Trading Products

Uzbekistan Global Trade Core Summary

Uzbekistan’s exports are led by raw materials and low-value-added goods, with cotton (16.5%), copper (10.4%), and knitted apparel (10.2%) dominating. These three categories alone make up over 37% of total exports, showing heavy reliance on agriculture and basic manufacturing. Imports, however, are skewed toward machinery (16.6%), vehicles (10.3%), and electrical equipment (8.3%), reflecting a need for industrial inputs and technology. The trade structure suggests a resource-driven export economy with limited high-value exports, while imports support infrastructure and production.

Key takeaways:

• Exports are concentrated in raw materials (cotton, copper) and simple manufactured goods (apparel).
• Imports focus on machinery, vehicles, and energy (mineral fuels), indicating industrial dependency.
• Low export diversification raises vulnerability to commodity price swings.

Uzbekistan Export-Import Structural Gap

Uzbekistan’s trade gap highlights a classic developing-economy pattern: exporting raw materials (cotton, copper) and low-cost textiles while importing machinery and technology. The overlap in HS codes like vehicles (HS 87) and plastics (HS 39) shows some processing activity, but the high import value of these goods suggests reliance on foreign inputs. The absence of advanced exports in sectors like machinery or electronics points to limited industrial upgrading. To reduce dependency, Uzbekistan could focus on moving up the value chain in textiles or copper processing. The import-heavy energy and pharmaceutical sectors also signal critical supply chain gaps.

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

Check Detailed Uzbekistan Trade HS Code Breakdown

Uzbekistan 2023 Feb Top Trading Countries

Uzbekistan Global Trade Key Patterns

Uzbekistan's exports are heavily concentrated in neighboring regions, with Russia (25.6%), Turkey (14.1%), Kazakhstan (11.5%), and Kyrgyzstan (10.6%) accounting for over 60% of total exports. Imports show a similar reliance on regional partners but with greater diversity—Mainland China (25.6%) and Russia (19.2%) dominate, followed by Kazakhstan (9.7%) and Turkey (6.3%). Key asymmetries include:

• Exports are regionally focused, with Central Asia and Russia as primary markets.
• Imports depend heavily on China and Russia but include more distant suppliers like South Korea and Germany.
• No single export market exceeds 26%, but China alone supplies 26% of imports.

Uzbekistan Export–Import Geographic Gap

Uzbekistan’s trade flows reveal a partial overlap in key partners (Russia, Kazakhstan, Turkey, China), suggesting processing trade or re-export activity. Exports are regional, while imports are more globally diversified, with China as the dominant supplier. This structure indicates upstream dependency on a few critical import sources (China, Russia) and downstream diversification in exports across Central Asia and nearby markets. The gap highlights a reliance on external manufacturing hubs (China, South Korea) for imports, while exports serve neighboring economies.

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 Feb?

Uzbekistan's top exports in February 2023 were cotton ($131.01M, 16.51% of exports), copper ($82.44M, 10.39%), and apparel/knitted clothing ($81.29M, 10.25%), based on HS code data.

What are the main products Uzbekistan imports in 2023 Feb?

The country primarily imported nuclear reactors/machinery ($445.01M, 16.63% of imports), vehicles ($274.41M, 10.26%), and electrical machinery ($221.43M, 8.28%) during this period.

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

Mainland China received 25.58% ($684.47M) of Uzbekistan's exports, followed by Russia (19.20%, $513.73M) and Kazakhstan (9.70%, $259.57M).

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

Russia was the largest import source (25.55%, $202.74M), trailed by Turkey (14.07%, $111.61M) and Kazakhstan (11.48%, $91.10M).

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

Uzbekistan faced a $1.89B trade deficit, with exports dropping 68.6% to $793.5M and imports rising 12.4% to $2.68B, likely due to commodity price volatility and regional demand shifts.