Uzbekistan - Mainland China Trade 2024 Whole Year: Lopsided Resource-for-Tech Exchange

Key Market Takeaways: Uzbekistan - Mainland China Trade

The bilateral trade relationship between Uzbekistan and Mainland China remains structurally imbalanced, with Uzbekistan heavily dependent on Chinese imports in 2024.

• $11.5B Total Trade, $9.1B Deficit: Uzbekistan’s exports ($1.19B) are dwarfed by imports ($10.33B), reflecting a persistent trade deficit despite slight YoY narrowing.
• Resource-for-Tech Exchange: Uzbekistan - Mainland China trade statistics show a lopsided dynamic—copper (44.6% of exports) flows east, while machinery (24.4%) and electronics (22.3%) dominate imports.
• Asymmetric Interdependence: China holds the high-value position, supplying critical industrial inputs, while Uzbekistan remains a commodity supplier with limited export diversification.

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

Uzbekistan-Mainland China Trade Trend in Whole Year 2024

Uzbekistan Export Performance: Shipments to Mainland China

• Total Volume: $1.19B in 2024.
• Growth Trend & Context:
  • YoY declines dominated, with sharp contractions in July (-65.92%) and November (-38.04%). Only January (+171.61%) and February (+90.48%) saw growth, likely due to base effects or front-loaded contracts.
• Key Volatility: October had the highest MoM surge (+29.27%), while December posted the steepest drop (-27.18%).

Uzbekistan Import Performance: Sourcing from Mainland China

• Total Volume: $10.33B in 2024.
• Growth Trend & Context:
  • YoY trends were mixed but mostly negative, with November (-33.15%) and July (-31.32%) as the weakest months. April (+0.55%) and June (+1.16%) were rare positive outliers.
• Key Volatility: June saw the largest MoM decline (-28.52%), while May (+24.05%) and August (+25.27%) recorded significant rebounds.

Uzbekistan - Mainland China Trade Balance & Market Dynamics

• Net Position: Trade deficit of $9.14B (Imports $10.33B vs. Exports $1.19B).
• Relationship Status: Uzbekistan remains heavily dependent on Chinese imports, with exports failing to offset the imbalance. The deficit narrowed slightly YoY but remains structurally entrenched.

Uzbekistan Import Trend from Mainland China 2024 Whole Year (Source: yTrade)**

Uzbekistan Export Trend to Mainland China 2024 Whole Year (Source: yTrade)**

Get Historical Uzbekistan Mainland China Trade Records

Uzbekistan-Mainland China Top Trading Products in Whole Year 2024

Uzbekistan Export Profile: What Does Uzbekistan Sell to Mainland China

• Top Commodity: Copper (HS Code 74) dominates with a 44.57% share.
• Demand Driver: Mainland China uses these raw materials for industrial processing, particularly in electronics and construction.
• Concentration: High—copper alone accounts for nearly half of exports, indicating a narrow export base.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Mainland China

• Top Commodity: Machinery (HS Code 84) leads at 24.35%, followed closely by electrical equipment (HS Code 85) at 22.27%.
• Dependency Nature: Critical technology dependency, as these imports likely support Uzbekistan’s industrial and infrastructure development.

Uzbekistan - Mainland China Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan exports raw materials (copper, cotton) while importing high-value machinery and equipment.
• Value Chain Position: Mainland China holds the higher value-add position, supplying advanced manufactured goods, while Uzbekistan remains a supplier of primary commodities.

Import Analysis by Product: Mainland China to Uzbekistan (Source: yTrade)

Export Analysis by Product: Uzbekistan to Mainland China (Source: yTrade)

Check Detailed Uzbekistan-Mainland China Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Uzbekistan-Mainland China trade relationship is expected to remain structurally imbalanced in the near term, with Uzbekistan’s heavy reliance on Chinese machinery and technology imports outweighing its raw material exports. While copper demand may stabilize, the narrow export base leaves Uzbekistan vulnerable to commodity price swings. Traders should anticipate continued volatility, particularly if global industrial demand weakens. The $9.14B deficit is unlikely to shrink significantly unless Uzbekistan accelerates export diversification or secures higher-value trade terms.

Strategic Moves

• Diversify Export Markets: Reduce overreliance on copper by expanding into other high-demand commodities (e.g., rare earths, processed cotton) and targeting secondary Chinese industries like textiles or agro-processing.
• Lock in Long-Term Supply Contracts: Uzbek exporters must negotiate fixed-price agreements for copper to mitigate price volatility, while importers should secure favorable terms for machinery purchases to control costs.
• Boost Local Value-Add: Invest in domestic processing capabilities for raw materials (e.g., refining copper or manufacturing cotton yarn) to capture more value before export and reduce dependency on finished Chinese goods.

Frequently Asked Questions

How did Uzbekistan - Mainland China trade perform in 2024 Whole Year?

Uzbekistan exported $1.19B to Mainland China but imported $10.33B, resulting in a trade deficit. Exports saw YoY declines, while imports were mostly negative with rare growth months.

What are the top exports from Uzbekistan to Mainland China?

Copper (HS Code 74) dominates Uzbekistan’s exports to Mainland China, accounting for 44.57% of total shipments.

What does Uzbekistan import from Mainland China?

Top imports include machinery (HS Code 84, 24.35%) and electrical equipment (HS Code 85, 22.27%), reflecting a reliance on Chinese technology.

What is the trade balance between Uzbekistan and Mainland China?

Uzbekistan has a trade deficit of $9.14B with Mainland China, driven by high imports of machinery and equipment. The deficit slightly narrowed but remains significant.