Uzbekistan - Germany Trade 2023 Whole Year: Extreme Volatility & Deficit

Key Market Takeaways: Uzbekistan - Germany Trade

The bilateral trade relationship between Uzbekistan and Germany is marked by extreme volatility and a structural deficit in 2023.

• $1.36B Deficit: Uzbekistan’s imports from Germany ($1.36B) dwarf its exports ($43.15M), with erratic monthly swings—January’s 1177% YoY import surge contrasted with December’s -60% plunge.
• Apparel for Aircraft: Uzbekistan - Germany trade statistics reveal a Resource-for-Tech exchange: textiles (33.56% of exports) flow west, while aerospace components (31.14% of imports) dominate inbound shipments.
• Asymmetric Dependency: Germany holds the high-value position, supplying critical tech, while Uzbekistan remains a niche supplier of labor-intensive goods.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Uzbekistan-Germany Trade Trend in Whole Year 2023

Uzbekistan Export Performance: Shipments to Germany

• Total Volume: $43.15M in 2023.
• Growth Trend & Context:
  • YoY fluctuations were erratic, with notable declines in Feb (-31.58%), Apr (-46.87%), and Sep (-51.82%), offset by spikes in Mar (26.72%) and Jul (29.19%).
  • No specific trade news to contextualize trends.
• Key Volatility: July saw the highest MoM surge (+110.87%), while September had the sharpest drop (-28.32%).

Uzbekistan Import Performance: Sourcing from Germany

• Total Volume: $1.36B in 2023.
• Growth Trend & Context:
  • Extreme YoY swings: January’s 1177.06% surge contrasted with December’s -60.01% plunge.
  • No relevant news to explain volatility.
• Key Volatility: January’s imports peaked at $487.08M (MoM +134.83%), while February collapsed to $66.71M (-86.3% MoM).

Uzbekistan - Germany Trade Balance & Market Dynamics

• Net Position: Trade deficit of $1.32B (Imports $1.36B > Exports $43.15M).
• Relationship Status: Heavy reliance on German imports, with exports playing a marginal role. The deficit underscores structural import dependency.

Uzbekistan Import Trend from Germany 2023 Whole Year (Source: yTrade)**

Uzbekistan Export Trend to Germany 2023 Whole Year (Source: yTrade)**

Get Historical Uzbekistan Germany Trade Records

Uzbekistan-Germany Top Trading Products in Whole Year 2023

Uzbekistan Export Profile: What Does Uzbekistan Sell to Germany

• Top Commodity: Rank #1 export is HS 62 (Articles of apparel and clothing accessories, not knitted or crocheted) at 33.56% of total exports to Germany.
• Demand Driver: Germany imports these consumer goods to serve its domestic retail market.
• Concentration: The top export category holds a dominant share (>30%), indicating moderate concentration.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Germany

• Top Commodity: Rank #1 import is HS 88 (Aircraft, spacecraft, and parts) at 31.14% of total imports from Germany.
• Dependency Nature: High-tech machinery and aerospace components suggest critical technology dependency for Uzbekistan.

Uzbekistan - Germany Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan exports low-value consumer goods (apparel, textiles) and imports high-value capital goods (aircraft, machinery).
• Value Chain Position: Germany clearly holds the higher value-add position, supplying advanced industrial products while Uzbekistan provides labor-intensive goods.

Import Analysis by Product: Germany to Uzbekistan (Source: yTrade)

Export Analysis by Product: Uzbekistan to Germany (Source: yTrade)

Check Detailed Uzbekistan-Germany Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Uzbekistan-Germany trade relationship is likely to remain imbalanced in the near term, with Uzbekistan’s heavy reliance on German high-tech imports sustaining the $1.32B deficit. However, erratic export performance—marked by sharp monthly swings—suggests untapped potential in apparel and textiles (HS 62), provided Uzbek exporters stabilize supply chains. Germany’s demand for cost-competitive consumer goods could drive modest export growth, but without structural shifts, the resource-for-tech complementarity will keep Uzbekistan in a subordinate value chain position.

Strategic Moves

• Diversify Export Basket: Uzbek exporters must expand beyond apparel (HS 62) into higher-margin categories like processed agricultural goods or handicrafts to reduce reliance on a single commodity.
• Secure Tech Transfer Agreements: Given Uzbekistan’s dependency on German aerospace imports (HS 88), negotiate joint ventures or licensing deals to build domestic high-tech capacity and reduce long-term import costs.
• Mitigate Volatility Risks: Traders should hedge against erratic monthly trade flows by locking in forward contracts, especially for critical German machinery imports prone to extreme price swings (e.g., January’s 1177% YoY surge).

Frequently Asked Questions

How did Uzbekistan - Germany trade perform in 2023 Whole Year?

Uzbekistan exported $43.15M to Germany and imported $1.36B, resulting in erratic growth trends with notable monthly fluctuations.

What are the top exports from Uzbekistan to Germany?

The top export is HS 62 (Articles of apparel and clothing accessories, not knitted or crocheted), accounting for 33.56% of total exports.

What does Uzbekistan import from Germany?

The top import is HS 88 (Aircraft, spacecraft, and parts), making up 31.14% of total imports.

What is the trade balance between Uzbekistan and Germany?

Uzbekistan recorded a trade deficit of $1.32B with Germany, reflecting heavy reliance on German imports.