2023 Jan Uzbekistan Global Trade Data Summary: Export Surge & Deficit Risk

Uzbekistan 2023 Jan Trade Data Key Takeaways

• Market Trend: Uzbekistan trade data shows 48% export surge and 44% import growth, widening trade deficit to $1B in Jan 2023.
• Key Driver: Uzbekistan import export data reveals gems/metals (65% of exports) and machinery imports (36%) dominate trade flows.
• Strategic Risk: Extreme export concentration (67% to one buyer) creates vulnerability vs. diversified import sourcing.

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

Uzbekistan 2023 Jan Trade Data Trend Overview

• Uzbekistan, a Central Asian energy and commodity exporter, recorded robust year-on-year growth in its January 2023 global trade data, signaling strong external demand for its resource base.
• The country’s import-export data showed exports surging 48% to $1.81 billion, while imports climbed 44% to $2.81 billion, reflecting expansion in both foreign sales and domestic investment demand.
• This resulted in a trade deficit of $1.0 billion for the month, as import growth slightly outpaced export gains amid heightened capital goods and intermediate product inflows.
• With no specific trade policy announced, the double-digit growth likely stemmed from elevated global prices for key exports like natural gas, metals, and cotton, alongside sustained infrastructure and industrial modernization efforts driving import volumes.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Uzbekistan Trade Data

Uzbekistan 2023 Jan Top Trading Products

Uzbekistan Global Trade Core Summary

Uzbekistan’s exports are heavily concentrated in gems and precious metals (HS 71), making up 65% of total exports. Other key exports include cotton, copper, and knitted apparel, showing a mix of raw materials and light manufacturing. Imports are dominated by high-value machinery and transport equipment, led by aircraft (HS 88) and industrial machinery (HS 84), which together account for 36% of imports. The country also relies on imported fuels, pharmaceuticals, and cereals. Key takeaways:

• High export dependence on gems/metals, creating vulnerability to price swings.
• Limited export diversification beyond raw materials and basic textiles.
• Import-heavy in advanced machinery, suggesting reliance on foreign technology.

Uzbekistan Export-Import Structural Gap

Uzbekistan exports mostly raw materials (gems, cotton, copper) and low-value textiles, while importing high-tech machinery, vehicles, and aircraft. This gap highlights an economy reliant on resource extraction but needing foreign equipment for industrial and infrastructure development. Overlap in plastics (HS 39) and machinery (HS 84) suggests some processing trade, but the overall pattern shows limited industrial upgrading. The import of cereals and fuels points to gaps in domestic agriculture and energy production. The trade structure reflects a developing economy with untapped potential in higher-value manufacturing.

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

Check Detailed Uzbekistan Trade HS Code Breakdown

Uzbekistan 2023 Jan Top Trading Countries

Uzbekistan Global Trade Key Patterns

Uzbekistan's exports show extreme concentration, with one unnamed destination taking 67.2% of total exports ($1.22B). Other key markets are regional: Russia (10.3%), Turkey (5.8%), and Central Asian neighbors like Kazakhstan (2.6%) and Afghanistan (2.4%). Imports are more diversified, led by Germany (17.3%), China (16.4%), and Russia (16.2%), with additional supplies from Kazakhstan (9.8%) and Turkey (5.3%). The trade structure reveals two asymmetries: exports rely heavily on a single buyer, while imports draw from multiple global suppliers.

• Exports: Dominated by one market (>67%), with limited regional diversification
• Imports: Balanced sourcing from Europe (Germany), Asia (China), and regional partners
• Key Overlaps: Russia, Kazakhstan, and Turkey appear in both export and import top lists

Uzbekistan Export–Import Geographic Gap

Exports are hyper-concentrated in one destination, while imports show broad sourcing across continents. The export flow suggests downstream dependency on a single buyer, contrasting with upstream import diversification from major industrial hubs (Germany, China, South Korea). Regional partners like Russia and Kazakhstan play dual roles in both supply chains. The structure implies vulnerability in exports but resilience in import sourcing. No clear processing-trade pattern emerges from the overlapping countries.

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 Jan?

Uzbekistan's top exports in January 2023 were natural or cultured pearls (65.33% of exports, $1.18B), cotton (6.05%, $109.39M), and copper articles (3.74%, $67.64M), based on HS code data.

What are the main products Uzbekistan imports in 2023 Jan?

The country primarily imported aircraft/spacecraft parts (22.53%, $633.20M), nuclear reactors/machinery (13.39%, $376.26M), and vehicles (7.64%, $214.59M), per HS code analysis.

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

Germany (17.33%, $487.08M), Mainland China (16.35%, $459.55M), and Russia (16.22%, $455.78M) were the leading export destinations, according to trade data.

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

Russia (10.32%, $186.79M), Turkey (5.77%, $104.47M), and Kazakhstan (2.56%, $46.34M) were the top import origins, though 67.19% of imports lacked country attribution.

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

Uzbekistan had a $1.0 billion trade deficit, with imports ($2.81B, +44% YoY) outpacing exports ($1.81B, +48% YoY), driven by capital goods demand and commodity price trends.