2024 Apr Uzbekistan Trade Data Summary: Deficit Widens

Uzbekistan 2024 Apr Trade Data Key Takeaways

• Market Trend: Uzbekistan trade data shows exports fell 2.6% amid lower commodity prices, widening the deficit to $1.15B.
• Key Driver: Uzbekistan import export data reveals gems/metals (49% of exports) and machinery imports dominate, exposing structural gaps.
• Strategic Risk: Hyper-concentrated exports (53% to one market) and import reliance on China/Russia heighten supply chain fragility.

Analysis covers 2024 Apr based on sanitized customs records from the yTrade database.

Uzbekistan 2024 Apr Trade Data Trend Overview

• Uzbekistan, a Central Asian energy and commodity exporter, saw its April 2024 Uzbekistan global trade data reflect a challenging external environment with declining export revenue.
• The latest Uzbekistan import export data shows exports fell 2.6% year-on-year to $1.56 billion, while imports edged up 0.8% to $2.71 billion, indicating sustained domestic demand for foreign goods.
• This divergence drove the trade deficit to $1.15 billion for the month, widening from year-earlier levels.
• The export contraction was likely influenced by lower global prices for key natural gas and metal shipments, which remain central to the nation's export profile.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Uzbekistan Trade Data

Uzbekistan 2024 Apr Top Trading Products

Uzbekistan Global Trade Core Summary

Uzbekistan's exports are heavily concentrated in raw materials and low-processed goods, with gems and precious metals (HS 71) making up nearly half of total exports. Cotton (HS 52), copper (HS 74), and edible vegetables (HS 07) are other key exports, showing a reliance on agriculture and mining. Imports, however, are dominated by machinery (HS 84), fuels (HS 27), and electrical equipment (HS 85), indicating a need for industrial and energy inputs. The trade structure suggests a resource-driven economy with limited high-value manufacturing.

Key takeaways:

• Heavy dependence on gems/metals (49% of exports) poses concentration risk.
• Imports focus on machinery and energy, highlighting industrial gaps.
• Low-value agricultural/mineral exports dominate, with minimal processed goods.

Uzbekistan Export-Import Structural Gap

Uzbekistan exports raw materials but imports machinery and industrial goods, showing a classic resource-based trade pattern. The lack of overlap in top HS codes (except fuels) points to minimal processing trade. The country relies on foreign machinery and equipment to support its economy, while exporting mostly unprocessed commodities. This gap suggests opportunities to move up the value chain, such as processing cotton or copper domestically. The import-heavy energy sector (HS 27) also indicates potential for local energy development.

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

Check Detailed Uzbekistan Trade HS Code Breakdown

Uzbekistan 2024 Apr Top Trading Countries

Uzbekistan Global Trade Key Patterns

Uzbekistan's exports show extreme concentration, with one unnamed destination accounting for 52.86% of total exports ($824.79M). Other key export markets are Russia (14.17%), Turkey (5.47%), and Mainland China (5.47%), with Central Asian neighbors like Kazakhstan (5.11%) and Afghanistan (2.86%) also featuring. In contrast, imports are more balanced but still reliant on two major suppliers: Mainland China (27.30%) and Russia (26.68%), followed by Kazakhstan (7.14%) and Turkey (5.26%).

Key takeaways:

• Exports are heavily dependent on a single market.
• Imports are more diversified but still dominated by China and Russia.
• Regional trade with Central Asia is significant for both exports and imports.
• Limited trade volume with Western economies like the US and Germany.

Uzbekistan Export–Import Geographic Gap

Uzbekistan’s trade structure reveals a clear asymmetry: exports are hyper-concentrated, while imports are moderately diversified but still dependent on two key suppliers. The overlap of Russia, China, Turkey, and Kazakhstan in both export and import lists suggests regional processing trade. Exports skew toward neighboring countries, while imports draw from a slightly broader Asian and European base. This indicates upstream dependency on a few suppliers and downstream reliance on a narrow export market. The lack of major Western trade partners highlights a regional-focused 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 2024 Apr?

The top exports were natural or cultured pearls, precious or semi-precious stones (49.37% of exports, $770.26M), cotton (7.81%, $121.91M), and copper articles (5.91%, $92.24M).

What are the main products Uzbekistan imports in 2024 Apr?

Key imports included nuclear reactors and machinery (16.81%, $456.01M), mineral fuels (13.47%, $365.49M), and electrical machinery (9.74%, $264.27M).

Which countries are the top destinations for Uzbekistan's exports in 2024 Apr?

Mainland China (27.30%, $740.57M), Russia (26.68%, $723.87M), and Kazakhstan (7.14%, $193.62M) were the leading export destinations.

Which countries supply most of Uzbekistan's imports in 2024 Apr?

Russia (14.17%, $221.16M), Turkey (5.47%, $85.40M), and Mainland China (5.47%, $85.38M) were the primary import sources.

How balanced are Uzbekistan's export and import markets in 2024 Apr?

Uzbekistan faced a $1.15B trade deficit, with exports declining 2.6% ($1.56B) and imports rising 0.8% ($2.71B), reflecting weaker commodity prices and sustained import demand.