Uzbekistan - Germany Trade 2024 Q3: Deficit-Driven Exchange

Key Market Takeaways: Uzbekistan - Germany Trade

The bilateral trade relationship between Uzbekistan and Germany shows mixed growth with high volatility in Q3 2024.

• Deficit-Driven Trade: Uzbekistan runs a $286.28M trade deficit with Germany, importing $301.40M (mostly machinery and aircraft) while exporting just $15.12M (primarily textiles).
• Resource-for-Tech Exchange: Uzbekistan - Germany trade statistics reveal a lopsided structure: textiles (65% of exports) for high-value capital goods (55% of imports).
• Asymmetrical Dependence: Germany holds the strategic edge, supplying advanced industrial inputs, while Uzbekistan remains a niche supplier of low-value apparel.

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

Uzbekistan-Germany Trade Trend in Q3 2024

Uzbekistan Export Performance: Shipments to Germany

• Total Volume: $15.12M in Q3 2024.
• Growth Trend & Context:
  • YoY growth was mixed: +7.14% in July, +19.47% in August, and +35.63% in September.
  • No specific trade news to explain trends.
• Key Volatility: July saw a sharp MoM surge (+153.65%), followed by declines in August (-3.6%) and September (-18.63%).

Uzbekistan Import Performance: Sourcing from Germany

• Total Volume: $301.40M in Q3 2024.
• Growth Trend & Context:
  • YoY swings: -9.3% in July, -24.42% in August, then a sharp rebound (+141.52%) in September.
  • No relevant news to contextualize fluctuations.
• Key Volatility: September imports spiked 158.25% MoM, dwarfing the prior months’ declines.

Uzbekistan - Germany Trade Balance & Market Dynamics

• Net Position: Trade Deficit of $286.28M (Imports exceed exports).
• Relationship Status: Heavy reliance on German imports, with exports remaining a minor fraction of bilateral trade.

Uzbekistan Import Trend from Germany 2024 Q3 (Source: yTrade)**

Uzbekistan Export Trend to Germany 2024 Q3 (Source: yTrade)**

Get Historical Uzbekistan Germany Trade Records

Uzbekistan-Germany Top Trading Products in Q3 2024

Uzbekistan Export Profile: What Does Uzbekistan Sell to Germany

• Top Commodity: Apparel and clothing accessories (HS 62) dominate, accounting for 34.89% of exports.
• Demand Driver: Germany imports these consumer goods to serve its retail market, indicating Uzbekistan’s role as a supplier of low-value-added textiles.
• Concentration: The top 3 categories (HS 62, 61, 52) make up 65% of exports, showing heavy reliance on textile trade.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Germany

• Top Commodity: Machinery and mechanical appliances (HS 84) lead imports at 29.49%, followed closely by aircraft (HS 88) at 26.28%.
• Dependency Nature: High-tech and capital goods dominate, reflecting Uzbekistan’s reliance on German engineering for industrial modernization and infrastructure.

Uzbekistan - Germany Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan exports textiles (low-value) while importing machinery and aircraft (high-value).
• Value Chain Position: Germany holds the higher value-add position, supplying advanced equipment, while Uzbekistan remains a supplier of 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

Uzbekistan’s trade with Germany is likely to remain volatile in the near term, with exports continuing their uneven growth trajectory while imports fluctuate due to high-value capital goods demand. The persistent trade deficit underscores Uzbekistan’s reliance on German machinery and aircraft, a trend that will deepen as industrial modernization accelerates. However, the textile sector—Uzbekistan’s primary export to Germany—faces pressure to diversify beyond low-value-added goods to sustain long-term growth. Without structural shifts, the resource-for-tech imbalance will persist, leaving Uzbekistan vulnerable to external demand shocks.

Strategic Moves

• Diversify Export Basket: Uzbek exporters must reduce dependence on textiles by targeting higher-value segments like processed agricultural goods or light manufacturing, leveraging Germany’s demand for sustainable products.
• Lock in Capital Goods Supply: Importers should negotiate long-term contracts with German machinery suppliers to mitigate price volatility and secure stable access to critical industrial equipment.
• Pursue Trade Facilitation: The Uzbek government must prioritize bilateral agreements to ease non-tariff barriers, particularly in sectors like aerospace (HS 88), where German technology is indispensable for infrastructure development.

Frequently Asked Questions

How did Uzbekistan - Germany trade perform in 2024 Q3?

Uzbekistan exported $15.12M to Germany, with mixed YoY growth, while imports totaled $301.40M, showing sharp swings, including a 141.52% YoY rebound in September.

What are the top exports from Uzbekistan to Germany?

Apparel and clothing accessories (HS 62) dominate, making up 34.89% of exports, followed by other textiles (HS 61, 52), which together account for 65% of total shipments.

What does Uzbekistan import from Germany?

Machinery (HS 84) and aircraft (HS 88) lead imports, representing 29.49% and 26.28% respectively, reflecting Uzbekistan’s reliance on German high-tech and capital goods.

What is the trade balance between Uzbekistan and Germany?

Uzbekistan recorded a trade deficit of $286.28M, with imports far exceeding exports, highlighting heavy dependence on German industrial goods.