2023 Jun Uzbekistan Trade Data Summary: Deficit Narrows

Uzbekistan 2023 Jun Trade Data Key Takeaways

• Market Trend: Uzbekistan trade data shows exports up 6.1% while imports fall 6.1%, narrowing deficit to $970M.
• Key Driver: Uzbekistan import export data reveals cotton (13.3%) and copper (10.7%) dominate exports, machinery (18.8%) leads imports.
• Strategic Risk: Heavy reliance on Russia (22.4% exports) and China (31% imports) creates regional dependency risks.

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

Uzbekistan 2023 Jun Trade Data Trend Overview

• Uzbekistan, a Central Asian energy and commodity exporter, saw its June 2023 Uzbekistan global trade data reflect a mixed performance against the previous year's figures.
• The Uzbekistan import export data for the period shows exports grew 6.1% year-on-year to $1.13 billion, while imports contracted 6.1% to $2.10 billion.
• This resulted in a trade deficit of $970 million, a significant narrowing from prior periods due to the combination of rising export earnings and lower import spending.
• The import contraction, despite no specific trade policy news, likely reflects subdued domestic demand for foreign goods and a strategic pivot towards import substitution in key sectors.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Uzbekistan Trade Data

Uzbekistan 2023 Jun Top Trading Products

Uzbekistan Global Trade Core Summary

Uzbekistan's exports are led by raw materials and low-value-added goods, with cotton (13.3%), copper (10.7%), and knitted apparel (9.8%) as top categories. Edible fruits (9.1%) and mineral fuels (9.0%) also play key roles, showing a reliance on agriculture and mining. Imports are dominated by machinery (18.8%), vehicles (13.9%), and electrical equipment (7.5%), reflecting a need for industrial inputs. The trade structure suggests a resource-driven export economy with high dependence on imported machinery and technology.

Key takeaways:

• Exports rely heavily on cotton, copper, and basic agriculture.
• Imports focus on machinery, vehicles, and industrial goods.
• Limited high-value manufacturing in exports.
• Potential vulnerability to commodity price swings.
• Industrial upgrade needed to reduce import dependence.

Uzbekistan Export-Import Structural Gap

Uzbekistan exports raw materials but imports finished industrial goods, highlighting an unfinished supply chain. Cotton and copper dominate exports, while machinery and vehicles lead imports, showing a gap in local manufacturing capacity. Overlap in mineral fuels (both exported and imported) suggests processing trade potential. The lack of advanced exports like machinery or electronics points to limited industrial upgrading. This imbalance indicates reliance on foreign technology for economic growth.

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

Check Detailed Uzbekistan Trade HS Code Breakdown

Uzbekistan 2023 Jun Top Trading Countries

Uzbekistan Global Trade Key Patterns

Uzbekistan's exports show strong regional concentration, with Russia (22.4%), Mainland China (13.5%), and Kazakhstan (10.1%) as top destinations—together accounting for over 46% of exports. Imports are more diversified but heavily reliant on Mainland China (31%) and Russia (16.5%), with Kazakhstan (8.1%) and South Korea (6.7%) as secondary suppliers. Key asymmetries include:

• Exports lean toward neighboring CIS states (Russia, Kazakhstan, Kyrgyzstan, Tajikistan) and Turkey.
• Imports depend heavily on China for manufactured goods, while Russia and Kazakhstan supply energy or raw materials.
• Regional trade dominates both flows, with limited Western market penetration.

Uzbekistan Export–Import Geographic Gap

Uzbekistan’s exports target regional neighbors, while imports rely on a mix of regional and global suppliers—notably China. Overlapping trade partners (Russia, Kazakhstan, China, Turkey) suggest processing trade or re-export activities. The structure reveals upstream dependency (China for inputs) and downstream diversification (CIS markets for exports). Imports are more globally sourced but still regional-heavy, while exports remain tightly clustered in Central Asia and Russia.

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 Jun?

Uzbekistan's top exports in June 2023 were cotton (13.30%), copper and articles thereof (10.71%), and articles of apparel and clothing accessories (9.81%), based on HS code data.

What are the main products Uzbekistan imports in 2023 Jun?

The country primarily imported nuclear reactors and machinery (18.78%), vehicles (13.87%), and electrical machinery (7.53%) during June 2023, according to HS code classifications.

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

Mainland China (30.97%), Russia (16.48%), and Kazakhstan (8.13%) were the leading export destinations for Uzbekistan's goods in June 2023.

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

Uzbekistan sourced most imports from Russia (22.44%), Mainland China (13.49%), and Kazakhstan (10.05%) during the same period.

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

Uzbekistan recorded a $970 million trade deficit in June 2023, with exports growing 6.1% to $1.13 billion while imports fell 6.1% to $2.10 billion, reflecting narrowed imbalances.