Uzbekistan - Germany Trade 2023 Q3: Deficit & Machinery Exchange

Key Market Takeaways: Uzbekistan - Germany Trade

The bilateral trade relationship between Uzbekistan and Germany shows deepening dependency amid volatile growth in Q3 2023.

• Deficit-Driven Trade: Uzbekistan’s imports from Germany ($234.51M) dwarf exports ($12.75M), creating a $221.76M deficit—imports exceed exports by 18.4x. Growth was erratic, with export drops (-51.82% YoY in September) offsetting import gains (+50.31% YoY in August).
• Resource-for-Tech Exchange: Uzbekistan - Germany trade statistics reveal a lopsided "apparel-for-machinery" dynamic: 34.2% of Uzbek exports are textiles (HS 62), while 37.3% of imports are German industrial equipment (HS 84).
• Asymmetrical Reliance: Germany holds the high-value position, supplying critical machinery, while Uzbekistan remains a niche supplier of low-value consumer goods.

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

Uzbekistan-Germany Trade Trend in Q3 2023

Uzbekistan Export Performance: Shipments to Germany

• Total Volume: $12.75M in Q3 2023.
• Growth Trend & Context:
  • YoY growth turned sharply negative in August (-17.71%) and September (-51.82%), offsetting July’s 29.19% gain.
  • No trade policy updates or external shocks were reported to explain the contraction.
• Key Volatility: July saw a 110.87% MoM surge, followed by a -28.32% drop in September—the steepest monthly decline.

Uzbekistan Import Performance: Sourcing from Germany

• Total Volume: $234.51M in Q3 2023.
• Growth Trend & Context:
  • YoY growth remained strong in July (+44.94%) and August (+50.31%) but slowed to +8.41% in September.
• Key Volatility: July’s imports spiked 72.94% MoM, while September recorded a -19.19% monthly drop.

Uzbekistan - Germany Trade Balance & Market Dynamics

• Net Position: Trade deficit of $221.76M (Imports exceeded exports by 18.4x).
• Relationship Status: Heavy reliance on German imports, with minimal export traction. The widening deficit suggests deepening dependency.

Uzbekistan Import Trend from Germany 2023 Q3 (Source: yTrade)**

Uzbekistan Export Trend to Germany 2023 Q3 (Source: yTrade)**

Get Historical Uzbekistan Germany Trade Records

Uzbekistan-Germany Top Trading Products in Q3 2023

Uzbekistan Export Profile: What Does Uzbekistan Sell to Germany

• Top Commodity: Rank #1 export is HS Code 62 (Apparel and clothing accessories, not knitted), accounting for 34.20% of exports to Germany.
• Demand Driver: Germany imports these consumer goods to serve its domestic retail market.
• Concentration: The trade is moderately concentrated, with the top 3 exports (HS 62, 71, 61) making up 63.20% of total exports.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Germany

• Top Commodity: Rank #1 import is HS Code 84 (Machinery and mechanical appliances), representing 37.30% of imports from Germany.
• Dependency Nature: Imports are dominated by high-tech machinery, indicating a critical technology dependency for Uzbekistan's industrial and manufacturing sectors.

Uzbekistan - Germany Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan exports low-value-added consumer goods (apparel, textiles) and agricultural products (nuts, fruits) while importing high-value machinery and equipment from Germany.
• Value Chain Position: Germany holds the higher value-add position, supplying advanced industrial goods, while Uzbekistan provides raw materials and labor-intensive products.

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 forecast suggests continued volatility in the near term, with exports likely to remain under pressure due to weak demand signals in Germany’s consumer market. The widening trade deficit signals deepening dependency on German machinery imports, which may persist given Uzbekistan’s industrial modernization needs. However, if export diversification efforts accelerate, particularly in high-value agricultural and textile products, Uzbekistan could mitigate downside risks. Without policy intervention, the current resource-for-tech imbalance will further entrench Germany’s dominance in this trade relationship.

Strategic Moves

• Diversify Export Markets: Uzbek exporters must reduce reliance on Germany by targeting alternative EU markets for textiles (HS 62) and agricultural goods, leveraging preferential trade agreements.
• Secure Long-term Tech Partnerships: Importers of German machinery (HS 84) should negotiate multi-year supply contracts to hedge against price volatility and ensure stable access to critical industrial inputs.
• Boost Value-Added Exports: The government and private sector must collaborate to upgrade textile and apparel production, moving beyond low-margin goods to branded, finished products that command higher prices in Germany.

Frequently Asked Questions

How did Uzbekistan - Germany trade perform in 2023 Q3?

Uzbekistan's exports to Germany totaled $12.75M in Q3 2023, with sharp YoY declines in August and September. Imports from Germany reached $234.51M, showing strong growth in July and August but slowing in September.

What are the top exports from Uzbekistan to Germany?

The top exports are HS Code 62 (Apparel and clothing accessories, not knitted), HS 71 (Pearls, precious stones), and HS 61 (Knitted apparel), accounting for 63.20% of total exports.

What does Uzbekistan import from Germany?

The top import is HS Code 84 (Machinery and mechanical appliances), representing 37.30% of imports, highlighting Uzbekistan's reliance on high-tech German machinery for industrial sectors.

What is the trade balance between Uzbekistan and Germany?

Uzbekistan recorded a trade deficit of $221.76M in Q3 2023, with imports exceeding exports by 18.4x, indicating a deepening dependency on German goods.