Uzbekistan - Germany Trade 2023 Q2: Heavy Import Reliance

Key Market Takeaways: Uzbekistan - Germany Trade

The bilateral trade relationship between Uzbekistan and Germany is marked by a heavy import dependence on Germany, with exports negligible by comparison in Q2 2023.

• Economic Pulse: Uzbekistan posted a $237.34M trade deficit with Germany, driven by imports ($246.72M) dwarfing exports ($9.38M). Exports fell sharply YoY, while imports showed volatile growth.
• Exchange Structure: Uzbekistan - Germany trade statistics reveal a resource-for-tech complementarity—Uzbekistan supplies low-value textiles (HS 62-63), while Germany dominates with high-tech machinery (HS 84).
• Strategic Interdependence: The partnership is lopsided, with Germany holding the high-value position in capital goods, while Uzbekistan remains a supplier of labor-intensive manufactured goods.

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

Uzbekistan-Germany Trade Trend in Q2 2023

Uzbekistan Export Performance: Shipments to Germany

• Total Volume: $9.38M in Q2 2023.
• Growth Trend & Context:
  • YoY declines persisted across all months, with June recording the sharpest drop (-47.96%).
  • No mitigating news to explain the contraction.
• Key Volatility: Exports fell MoM in all months, with the steepest drop in June (-24.33%).

Uzbekistan Import Performance: Sourcing from Germany

• Total Volume: $246.72M in Q2 2023.
• Growth Trend & Context:
  • Mixed YoY trends: May saw a 146.05% surge, but June growth nearly flatlined (+2.79%).
• Key Volatility: April posted the highest value ($102.64M), while June halved MoM (-48.88%).

Uzbekistan - Germany Trade Balance & Market Dynamics

• Net Position: Deficit of $237.34M (Imports dwarfed exports).
• Relationship Status: Heavy import dependence on Germany, with exports negligible by comparison.

Uzbekistan Import Trend from Germany 2023 Q2 (Source: yTrade)**

Uzbekistan Export Trend to Germany 2023 Q2 (Source: yTrade)**

Get Historical Uzbekistan Germany Trade Records

Uzbekistan-Germany Top Trading Products in Q2 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) with a 35.59% share.
• Demand Driver: Germany imports these consumer goods to serve its domestic retail market.
• Concentration: The top 3 exports (HS 62, 61, 63) account for 56.38% of total exports, indicating moderate concentration in textiles and apparel.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Germany

• Top Commodity: Rank #1 import is HS 84 (Nuclear reactors, boilers, machinery) with a 36.49% share.
• Dependency Nature: Imports are dominated by high-tech machinery and equipment, reflecting critical technology dependency for Uzbekistan's industrial base.

Uzbekistan - Germany Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Uzbekistan exports low-value-added textiles (HS 61-63) while importing high-value machinery (HS 84, 87, 90) from Germany.
• Value Chain Position: Germany holds the higher value-add position, supplying capital goods, while Uzbekistan remains a supplier of labor-intensive manufactured 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

Uzbekistan’s trade deficit with Germany is likely to persist in Q3 2023, driven by continued reliance on high-value German machinery imports and stagnant textile exports. The sharp YoY decline in Uzbek exports signals weakening competitiveness in Germany’s consumer market, while import volatility—especially the June 2023 halving—suggests potential supply chain disruptions or demand softening. Without structural shifts, the Uzbekistan-Germany trade forecast remains skewed toward deficit, with German capital goods dominating bilateral exchanges.

Strategic Moves

• Diversify Export Basket: Uzbek exporters must move beyond textiles (HS 62-63) by targeting niche German demand for processed agricultural goods or light industrial products to reduce overconcentration risk.
• Lock in Machinery Contracts: Importers should negotiate long-term supply agreements for German machinery (HS 84) to hedge against price volatility and ensure stable industrial input flows.
• Leverage FDI for Upgrading: Uzbekistan’s government must attract German manufacturing investment to upgrade local production capabilities, reducing dependency on finished capital goods imports.

Frequently Asked Questions

How did Uzbekistan - Germany trade perform in 2023 Q2?

Uzbekistan's exports to Germany totaled $9.38M, with YoY declines across all months, while imports from Germany reached $246.72M, showing mixed YoY growth.

What are the top exports from Uzbekistan to Germany?

The top exports are HS 62 (Articles of apparel and clothing accessories, not knitted or crocheted), HS 61 (Knitted apparel), and HS 63 (Other textiles), accounting for 56.38% of total exports.

What does Uzbekistan import from Germany?

The top import is HS 84 (Nuclear reactors, boilers, machinery), representing 36.49% of imports, followed by other high-tech machinery and equipment.

What is the trade balance between Uzbekistan and Germany?

Uzbekistan recorded a trade deficit of $237.34M, as imports from Germany far exceeded exports. The gap remains significant, reflecting heavy import dependence.