Uzbekistan - Germany Trade 2024 Q4: Deficit & Textile Boom

Key Market Takeaways: Uzbekistan - Germany Trade

The bilateral trade relationship between Uzbekistan and Germany shows explosive export growth amid heavy reliance on German imports in Q4 2024.

• Deficit-Driven Trade: Uzbekistan posted a $235.25M trade deficit, with exports ($21.09M) dwarfed by imports ($256.34M), despite a 249% YoY surge in textile shipments to Germany.
• Resource-for-Tech Exchange: Uzbekistan - Germany trade statistics reveal a lopsided dynamic: textiles (HS 61-62) make up 56% of Uzbek exports, while machinery (HS 84) dominates 39% of imports.
• Asymmetric Complementarity: Germany anchors the high-value end of the supply chain, supplying critical industrial inputs, 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 Q4 2024

Uzbekistan Export Performance: Shipments to Germany

• Total Volume: $21.09M in Q4 2024.
• Growth Trend & Context:
  • Explosive YoY growth, peaking at +249.08% in December.
  • No specific trade news to explain the surge.
• Key Volatility: November saw the sharpest MoM jump (+47.06%), while December’s growth moderated to +3.97%.

Uzbekistan Import Performance: Sourcing from Germany

• Total Volume: $256.34M in Q4 2024.
• Growth Trend & Context:
  • Steady YoY expansion (+18.73% in December), though October started weak (-2.65%).
  • No relevant news to contextualize trends.
• Key Volatility: December recorded the highest monthly value ($98.48M) with a +21.29% MoM spike.

Uzbekistan - Germany Trade Balance & Market Dynamics

• Net Position: Trade deficit of $235.25M (Exports $21.09M vs. Imports $256.34M).
• Relationship Status: Heavy reliance on German imports, with exports growing from a low base.

Uzbekistan Import Trend from Germany 2024 Q4 (Source: yTrade)**

Uzbekistan Export Trend to Germany 2024 Q4 (Source: yTrade)**

Get Historical Uzbekistan Germany Trade Records

Uzbekistan-Germany Top Trading Products in Q4 2024

Uzbekistan Export Profile: What Does Uzbekistan Sell to Germany

• Top Commodity: Apparel and clothing accessories (HS 61) dominate exports, accounting for 37.68% of total shipments to Germany.
• Demand Driver: Germany sources textiles and garments (HS 61, 62) to serve its consumer market, reflecting Uzbekistan’s role as a supplier of labor-intensive goods.
• Concentration: The top two categories (HS 61 and 62) make up 56.14% of exports, indicating high reliance on textile trade.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Germany

• Top Commodity: Machinery and mechanical appliances (HS 84) lead imports, capturing 38.77% of total purchases from Germany.
• Dependency Nature: Imports of machinery (HS 84), vehicles (HS 87), and medical/optical equipment (HS 90) highlight critical technology dependency for industrial and infrastructure development.

Uzbekistan - Germany Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan exports low-value textiles (HS 61, 62) while importing high-value machinery (HS 84, 87) and pharmaceuticals (HS 30).
• Value Chain Position: Germany holds the higher value-add position, supplying advanced capital goods, while Uzbekistan remains a supplier of raw materials and consumer 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 poised for continued expansion, driven by surging textile exports and steady demand for German machinery. The explosive 249% YoY export growth in December 2024 signals untapped potential in labor-intensive sectors, while Germany’s reliance on Uzbek textiles and Uzbekistan’s dependency on high-value German imports will reinforce the resource-for-tech complementarity. However, the widening trade deficit ($235.25M in Q4) demands strategic adjustments to balance the relationship. Expect volatility in textile shipments but stable machinery imports as Uzbekistan’s industrial modernization persists.

Strategic Moves

• Diversify Export Basket: Uzbek exporters must reduce reliance on textiles (HS 61-62) by targeting niche German demand for agricultural goods (HS 07-08) or processed minerals (HS 25-26) to mitigate concentration risk.
• Lock In Technology Transfers: Importers should negotiate long-term supply agreements with German machinery (HS 84) and vehicle (HS 87) manufacturers to secure stable pricing amid global supply chain fluctuations.
• Leverage Trade Financing: Uzbek banks and traders must adopt structured trade finance instruments (e.g., letters of credit with deferred payment) to bridge the deficit gap and ease cash flow pressures for SMEs.

Frequently Asked Questions

How did Uzbekistan - Germany trade perform in 2024 Q4?

Uzbekistan's exports to Germany surged by 249.08% YoY in December, totaling $21.09M, while imports from Germany grew steadily (+18.73% YoY) to $256.34M.

What are the top exports from Uzbekistan to Germany?

Apparel and clothing accessories (HS 61) dominate, making up 37.68% of exports, followed by textiles (HS 62), together accounting for 56.14% of total shipments.

What does Uzbekistan import from Germany?

Machinery and mechanical appliances (HS 84) lead imports at 38.77%, alongside vehicles (HS 87) and medical/optical equipment (HS 90), reflecting a reliance on advanced technology.

What is the trade balance between Uzbekistan and Germany?

Uzbekistan recorded a trade deficit of $235.25M in Q4 2024, driven by heavy imports of high-value German machinery against lower-value textile exports.