2024 Sep Uzbekistan Trade Data: Export Boom

Uzbekistan 2024 Sep Trade Data Key Takeaways

• Market Trend: Uzbekistan trade data shows exports surged 87.3% YoY, while imports fell 12.3%, narrowing the deficit to -$960M.
• Key Driver: Uzbekistan import export data reveals gems (HS 71) dominate exports (44%), with machinery (HS 84) leading imports (16%).
• Strategic Risk: Overreliance on raw material exports and regional partners (Russia, China) exposes trade to commodity volatility.

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

Uzbekistan 2024 Sep Trade Data Trend Overview

• Uzbekistan, a Central Asian energy and commodity exporter, posted robust Uzbekistan global trade data for September 2024, reflecting its ongoing economic transition and integration efforts.
• The Uzbekistan import export data for the period shows exports surged 87.3% YoY to $1.82B, while imports contracted 12.3% to $2.78B, indicating a significant shift in trade flows.
• This resulted in a trade deficit of -$960M, a notable improvement driven by the combination of soaring export receipts and declining import expenditures.
• The export boom was likely fueled by strong external demand for its key commodities, supported by policy reforms aimed at trade liberalization and WTO accession preparations [UNECE].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Uzbekistan Trade Data

Uzbekistan 2024 Sep 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) dominating at 44% of total exports. Mineral fuels (HS 27), copper (HS 74), and cotton (HS 52) add to this resource-driven profile, while limited manufactured goods like apparel (HS 61) and vehicles (HS 87) appear further down the list. Imports skew toward machinery (HS 84, 16%) and electrical equipment (HS 85, 11%), alongside significant fuel (HS 27, 9%) and vehicle (HS 87, 9%) purchases. Key takeaways:

• High dependence on gemstone exports poses volatility risks.
• Mineral/fuel trade is nearly balanced but reveals refining gaps.
• Manufacturing imports (machinery, vehicles) outpace local production capacity.
• Cotton exports suggest untapped textile industry potential.

Uzbekistan Export-Import Structural Gap

Uzbekistan exports raw materials (gems, copper, cotton) but relies on imports for machinery, electronics, and transport equipment—a classic resource economy pattern. The overlap in mineral fuels (HS 27) hints at some domestic processing, but the high import share of machinery (HS 84) signals limited industrial upgrading. The absence of advanced exports (e.g., pharmaceuticals, high-tech) versus their presence in imports underscores a technology gap. To move up the value chain, Uzbekistan must shift from selling raw cotton to producing textiles or from exporting copper to manufacturing wire and components.

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

Check Detailed Uzbekistan Trade HS Code Breakdown

Uzbekistan 2024 Sep Top Trading Countries

Uzbekistan Global Trade Key Patterns

Uzbekistan's exports show high concentration, with 53.6% going to an unnamed top destination, likely a regional or domestic market. Russia (13.4%), Kazakhstan (5.9%), and Mainland China (4.9%) are other key buyers, indicating a strong regional focus in Central Asia and neighboring economies. Imports are more diversified but still rely heavily on Mainland China (30.8%) and Russia (20.4%), followed by Kazakhstan (8.8%) and Germany (5.8%). Key asymmetries include:

• Exports are dominated by one market, while imports are split among multiple suppliers.
• Regional players (Russia, Kazakhstan, China) feature prominently in both trade flows.
• Limited trade with distant economies like the U.S. or EU, except for German imports.

Uzbekistan Export–Import Geographic Gap

Exports are heavily concentrated, while imports show broader sourcing but still depend on China and Russia. Both flows overlap with regional partners (Russia, Kazakhstan, China, Turkey), suggesting processing trade or re-export activity. The structure implies upstream dependency on a few suppliers for imports but limited downstream diversification for exports. Trade remains largely regional, with minimal global reach beyond neighboring markets.

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 Sep?

The top exports include natural or cultured pearls (44.19%, $806.38M), mineral fuels (7.32%, $133.53M), and copper articles (6.29%, $114.71M), based on HS code data.

What are the main products Uzbekistan imports in 2024 Sep?

Key imports are nuclear reactors/machinery (16.12%, $447.74M), electrical equipment (11.47%, $318.57M), and mineral fuels (9.18%, $254.96M), per HS code analysis.

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

Mainland China (30.82%, $856.17M), Russia (20.37%, $565.77M), and Kazakhstan (8.77%, $243.66M) were the leading export markets.

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

Unspecified origin countries dominated imports (53.62%, $978.54M), followed by Russia (13.35%, $243.55M) and Kazakhstan (5.93%, $108.23M).

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

Uzbekistan had a $960M trade deficit, with exports surging 87.3% YoY to $1.82B and imports declining 12.3% to $2.78B, reflecting shifting trade dynamics.