2023 Sep Uzbekistan Global Trade Data Summary: Deficit Widens

Uzbekistan 2023 Sep Trade Data Key Takeaways

• Market Trend: Uzbekistan trade data shows exports up 7.5% but imports surge 37%, widening deficit to -$2.2B in Sep 2023.
• Key Driver: Uzbekistan import export data reveals machinery (17.8% of imports) and cotton (11.7% of exports) as top traded products.
• Strategic Risk: Export reliance on Russia (29.9%) and China (13.4%) creates regional concentration risks.

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

Uzbekistan 2023 Sep Trade Data Trend Overview

• Uzbekistan, a Central Asian energy and commodity exporter, posted mixed results in its September 2023 Uzbekistan global trade data, reflecting its ongoing economic transformation.
• The Uzbekistan import export data showed exports grew 7.5% year-on-year to $974 million, while imports surged 37% to $3.17 billion, indicating robust domestic investment and consumer demand.
• This resulted in a significant trade deficit of approximately -$2.2 billion for the month.
• The import spike, with no specific trade news announced, is consistent with heavy capital goods and machinery inflows for major infrastructure and industrial modernization projects.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Uzbekistan Trade Data

Uzbekistan 2023 Sep Top Trading Products

Uzbekistan Global Trade Core Summary

Uzbekistan's exports are heavily resource-driven, with cotton (11.67%), copper (10.94%), and mineral fuels (7.92%) leading the list. Light manufacturing, like knitted apparel (7.8%) and fabrics (4.2%), also plays a key role, alongside agricultural products such as edible fruits (4.87%). Imports, however, are dominated by machinery (17.83%), vehicles (12.06%), and electrical equipment (10.3%), reflecting reliance on industrial inputs. Mineral fuels (12.74%) appear in both export and import lists, suggesting processing or re-export activity.

Key Takeaways:

• Exports depend on raw materials and low-value-added goods.
• Imports focus on machinery and transport equipment, indicating industrial needs.
• Overlap in mineral fuels hints at potential refining or transit trade.

Uzbekistan Export-Import Structural Gap

Uzbekistan exports raw materials (cotton, copper) and light manufactures but imports high-value machinery and vehicles. The gap shows an economy reliant on basic commodities while needing foreign technology for industrial growth. The presence of mineral fuels in both lists may point to energy trade or processing. Limited export diversification raises risks if global commodity prices shift. Upgrading to higher-value manufacturing could reduce import dependence.

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

Check Detailed Uzbekistan Trade HS Code Breakdown

Uzbekistan 2023 Sep Top Trading Countries

Uzbekistan Global Trade Key Patterns

Uzbekistan’s exports show strong regional concentration, with Russia (29.9%), China (13.4%), and Kazakhstan (11.1%) as top destinations, accounting for over half of total exports. Imports are more diversified but heavily reliant on China (33%) and Russia (15.7%), with smaller shares from Turkmenistan (9.5%) and Kazakhstan (6.7%). Key asymmetries include:

• Exports are heavily skewed toward neighboring and regional partners.
• Imports depend heavily on China for over a third of inbound trade.
• Russia is a critical partner for both exports and imports.
• Central Asian neighbors (Kazakhstan, Turkmenistan) play a larger role in imports than exports.

Uzbekistan Export–Import Geographic Gap

Exports are regionally focused, while imports show a mix of regional and global sourcing. Overlapping trade partners (China, Russia, Kazakhstan, Turkey) suggest processing trade or re-export activity. The structure indicates upstream dependency on China and Russia for imports, while exports rely on regional demand. The lack of major Western export markets highlights a narrower downstream reach compared to import sources. Trade ties with Central Asia and Turkey reinforce a Eurasian-centric trade network.

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 Sep?

Uzbekistan's top exports in September 2023 were cotton ($113.65M, 11.67%), copper articles ($106.56M, 10.94%), and mineral fuels ($77.17M, 7.92%), based on HS code data.

What are the main products Uzbekistan imports in 2023 Sep?

The country primarily imported nuclear reactors/machinery ($565.08M, 17.83%), mineral fuels ($403.63M, 12.74%), and vehicles ($382.28M, 12.06%) during this period.

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

Mainland China received 32.97% ($1.04B) of Uzbekistan's exports, followed by Russia (15.74%, $498.79M) and Turkmenistan (9.52%, $301.79M).

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

Russia accounted for 29.93% ($291.56M) of Uzbekistan's imports, with Mainland China (13.39%, $130.42M) and Kazakhstan (11.12%, $108.33M) as other key suppliers.

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

Uzbekistan had a trade deficit of -$2.2 billion, with imports surging 37% to $3.17 billion and exports growing 7.5% to $974 million, reflecting heavy capital goods inflows for infrastructure projects.