Uzbekistan - Germany Trade 2024 Whole Year: Lopsided Deficit
Key Market Takeaways: Uzbekistan - Germany Trade
The bilateral trade relationship between Uzbekistan and Germany remains heavily skewed toward imports, with Uzbekistan running a significant deficit in 2024.
- Economic Pulse: Uzbekistan posted a $927.18M trade deficit with Germany ($980.11M imports vs. $52.93M exports), reflecting lopsided demand for German goods despite volatile export spikes.
- Exchange Structure: Bilateral trade statistics reveal a resource-for-tech dynamic—Uzbekistan supplies textiles (HS 61/62, 49.86% of exports) while importing high-value machinery (HS 84, 35% of imports).
- Strategic Interdependence: Germany holds the value-add advantage, supplying critical industrial equipment, while Uzbekistan’s export growth hinges on low-cost manufacturing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Uzbekistan-Germany Trade Trend in Whole Year 2024
Uzbekistan Export Performance: Shipments to Germany
- Total Volume: $52.93M in 2024.
- Growth Trend & Context:
- Exports surged in H2, with December (+249.08% YoY) and November (+181.99% YoY) posting explosive growth.
- Volatility was high: July (+153.65% MoM) and November (+47.06% MoM) saw sharp spikes, while March (-35.19% MoM) and April (-42.10% MoM) dropped significantly.
- Key Volatility: December’s $8.06M was the peak, while April’s $1.79M was the lowest.
Uzbekistan Import Performance: Sourcing from Germany
- Total Volume: $980.11M in 2024.
- Growth Trend & Context:
- Imports were erratic, with September (+141.52% YoY) standing out as an anomaly—likely a one-off shipment or data correction.
- Persistent YoY declines in H1 (e.g., April: -36.21%, May: -30.19%) suggest reduced demand or supply constraints.
- Key Volatility: September’s $162.16M was the peak; February ($63.56M) and August ($62.79M) were troughs.
Uzbekistan - Germany Trade Balance & Market Dynamics
- Net Position: Trade deficit of $927.18M (Imports $980.11M vs. Exports $52.93M).
- Relationship Status: Uzbekistan remains heavily import-dependent on Germany, with exports negligible in comparison. The September import spike may indicate a bulk order, but overall trade is lopsided.
Uzbekistan Import Trend from Germany 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 80.16M | -3.37% | -83.54% |
| Feb | 63.56M | -20.71% | -4.73% |
| Mar | 80.49M | 26.64% | -8.59% |
| Apr | 65.47M | -18.66% | -36.21% |
| May | 66.56M | 1.66% | -30.19% |
| Jun | 66.14M | -0.62% | 35.72% |
| Jul | 76.44M | 15.57% | -9.3% |
| Aug | 62.79M | -17.85% | -24.42% |
| Sep | 162.16M | 158.25% | 141.52% |
| Oct | 76.66M | -52.73% | -2.65% |
| Nov | 81.20M | 5.93% | 14.72% |
| Dec | 98.48M | 21.29% | 18.73% |
| Total | 980.11M | - | - |
Uzbekistan Export Trend to Germany 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 2.95M | 27.74% | -24.43% |
| Feb | 4.78M | 62.03% | 59.89% |
| Mar | 3.10M | -35.19% | -40.53% |
| Apr | 1.79M | -42.1% | -51.88% |
| May | 1.92M | 7.24% | -40.19% |
| Jun | 2.17M | 12.68% | -10.93% |
| Jul | 5.50M | 153.65% | 7.14% |
| Aug | 5.30M | -3.6% | 19.47% |
| Sep | 4.31M | -18.63% | 35.63% |
| Oct | 5.27M | 22.25% | 37.03% |
| Nov | 7.76M | 47.06% | 181.99% |
| Dec | 8.06M | 3.97% | 249.08% |
| Total | 52.93M | - | - |
Get Historical Uzbekistan Germany Trade Records
Uzbekistan-Germany Top Trading Products in Whole Year 2024
Uzbekistan Export Profile: What Does Uzbekistan Sell to Germany
- Top Commodity: Rank #1 export is HS 62 (Apparel and clothing accessories, not knitted), accounting for 26.60% of total exports to Germany.
- Demand Driver: Germany imports these consumer goods to serve its domestic retail market, indicating Uzbekistan's role as a supplier of finished textile products.
- Concentration: The top two categories (HS 62 and HS 61, knitted apparel) combine for 49.86%, showing moderate concentration in textiles.
Uzbekistan Import Profile: What Does Uzbekistan Buy from Germany
- Top Commodity: Rank #1 import is HS 84 (Nuclear reactors, boilers, machinery), making up 35.00% of total imports from Germany.
- Dependency Nature: Uzbekistan relies heavily on high-tech machinery and equipment, reflecting critical technology dependency for industrial modernization.
Uzbekistan - Germany Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan exports low-value-added textiles (HS 61/62) while importing high-value machinery (HS 84/87).
- Value Chain Position: Germany holds the higher value-add position, supplying capital goods, while Uzbekistan remains a supplier of labor-intensive manufactures.
Import Analysis by Product: Germany to Uzbekistan (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 343.01M | 35.00% |
| 87 | 123.27M | 12.58% |
| 30 | 85.23M | 8.70% |
| 88 | 79.22M | 8.08% |
| 90 | 66.92M | 6.83% |
| 85 | 41.75M | 4.26% |
| 33 | 31.68M | 3.23% |
| 39 | 27.86M | 2.84% |
| 34 | 20.49M | 2.09% |
| 48 | 17.31M | 1.77% |
Export Analysis by Product: Uzbekistan to Germany (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 62 | 14.08M | 26.60% |
| 61 | 12.31M | 23.26% |
| 52 | 5.25M | 9.91% |
| 08 | 3.92M | 7.41% |
| 63 | 2.66M | 5.03% |
| 07 | 2.55M | 4.81% |
| 84 | 2.00M | 3.78% |
| 71 | 1.99M | 3.77% |
| 12 | 1.12M | 2.11% |
| 74 | 960.84K | 1.82% |
Check Detailed Uzbekistan-Germany Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Uzbekistan’s trade with Germany in 2025 is likely to remain volatile but with potential for export growth, particularly in textiles (HS 61/62), given the explosive YoY surges in late 2024. However, the persistent trade deficit ($927.18M) underscores Uzbekistan’s heavy reliance on German machinery (HS 84), a dependency that will continue unless domestic industrial capacity improves. The September 2024 import spike suggests occasional bulk orders, but without structural shifts, Germany will retain its high-value position while Uzbekistan remains a supplier of low-value-added goods. Traders should prepare for fluctuating demand, especially in machinery imports, which may face further YoY declines if global supply chain pressures persist.
Strategic Moves
- Expand Textile Exports Aggressively: Capitalize on Germany’s steady demand for apparel (HS 61/62) by securing long-term contracts with German retailers and investing in quality certifications to justify premium pricing.
- Diversify Import Sources for Machinery: Reduce over-reliance on German high-tech equipment (HS 84) by exploring alternative suppliers in South Korea or Japan, mitigating supply chain risks and potential price volatility.
- Push for FDI in Industrial Upgrading: Attract German manufacturing investment into Uzbekistan’s textile and machinery sectors to move up the value chain, turning the current resource-for-tech model into a more balanced partnership.
Frequently Asked Questions
How did Uzbekistan - Germany trade perform in 2024 Whole Year?
Uzbekistan's exports to Germany totaled $52.93M, with explosive growth in H2, while imports from Germany reached $980.11M, showing erratic trends and persistent declines in H1.
What are the top exports from Uzbekistan to Germany?
The top exports are HS 62 (Apparel and clothing accessories, not knitted) and HS 61 (knitted apparel), together accounting for 49.86% of total exports.
What does Uzbekistan import from Germany?
The top import is HS 84 (Nuclear reactors, boilers, machinery), making up 35.00% of total imports, reflecting Uzbekistan's reliance on high-tech machinery.
What is the trade balance between Uzbekistan and Germany?
Uzbekistan recorded a trade deficit of $927.18M, as imports from Germany far exceeded exports, highlighting a lopsided trade relationship.
Uzbekistan - Germany Trade 2023 Q4: Deficit & Tech Reliance
Uzbekistan's Germany trade trend shows a $223.56M deficit, with textiles and agricultural goods exchanged for high-tech machinery. Explore Uzbekistan Germany top trading product insights via yTrade data.
Uzbekistan - Germany Trade 2024 Q2: Deficit Narrows
Uzbekistan's trade deficit with Germany eased in Q2 2024 as exports declined less sharply. Explore Uzbekistan-Germany trade trends and top trading products like knitted apparel and machinery via yTrade data.
