Top Uzbekistan Exports 2024 Q1: Commodity Dominance
Uzbekistan Export Portfolio Overview in 2024 Q1
- Dominated by precious metals and stones (HS 71, 52.1%) and cotton (HS 52, 7.6%).
- High concentration risk: top two sectors account for nearly 60% of exports, heavily reliant on resource extraction.
- Reflects an economy anchored in raw commodity exports, with limited downstream processing or manufacturing diversification.
Table: Uzbekistan Top Export Product in 2024 Q1 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 71 | Natural or cultured pearls, precious or semi-precious sto... | 2.75B | 52.12% |
| 52 | Cotton | 400.09M | 7.59% |
| 74 | Copper and articles thereof | 241.59M | 4.58% |
| 99 | Description not available | 229.88M | 4.36% |
| 27 | Mineral fuels, mineral oils and products of their distill... | 210.41M | 3.99% |
| 61 | Articles of apparel and clothing accessories, knitted or ... | 196.27M | 3.72% |
| 07 | Edible vegetables and certain roots and tubers | 152.90M | 2.90% |
| 87 | Vehicles other than railway or tramway rolling-stock, and... | 100.94M | 1.91% |
| 84 | Nuclear reactors, boilers, machinery and mechanical appli... | 93.26M | 1.77% |
| 11 | Products of the milling industry; malt; starches; inulin;... | 81.81M | 1.55% |
Get Complete Uzbekistan Export HS Code Breakdown
Key Driver: Precious Metals and Stones
- Driven by unwrought gold (HS 7108, 96.9% of sector value).
- Pure raw material export, with minimal local value-addition (e.g., refining, jewelry making).
- Dominance stems from Uzbekistan’s substantial gold reserves and mining capacity, not labor or tech—pure resource endowment.
Table: HS Code 71 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 7108 | 2.66B | 96.93% |
| 7106 | 74.00M | 2.69% |
| 7113 | 8.70M | 0.32% |
| 7110 | 883.91K | 0.03% |
| 7112 | 653.10K | 0.02% |
| 7103 | 54.62K | 0.00% |
| 7117 | 3.02K | 0.00% |
| 7116 | 362.00 | 0.00% |
Get Complete Uzbekistan Export HS Code Breakdown
Key Driver: Cotton
- Dominated by cotton yarn (HS 5205, 85.9% of sector value).
- Acts as a counterweight: slightly more processed than gold, but still a low-value intermediate good.
- Strategic as a legacy sector with established supply chains, though vulnerable to commodity price swings and water scarcity.
Table: HS Code 52 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 5205 | 343.47M | 85.85% |
| 5208 | 34.82M | 8.70% |
| 5202 | 15.56M | 3.89% |
| 5206 | 4.33M | 1.08% |
| 5209 | 1.68M | 0.42% |
| 5201 | 100.35K | 0.03% |
| 5211 | 72.77K | 0.02% |
| 5212 | 43.45K | 0.01% |
| 5210 | 11.98K | 0.00% |
| 5207 | 7.54K | 0.00% |
Get Complete Uzbekistan Export HS Code Breakdown
Key Driver: Copper and Articles
- Led by refined copper (HS 7403, 43.6%) and copper wire (HS 7408, 27.8%).
- Mix of raw and semi-processed exports; indicates some mid-stream capacity.
- Stable legacy sector with growth potential if downstream production (e.g., cables, components) expands.
Table: HS Code 74 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 7403 | 105.34M | 43.60% |
| 7408 | 67.19M | 27.81% |
| 7411 | 51.97M | 21.51% |
| 7407 | 6.73M | 2.79% |
| 7413 | 5.10M | 2.11% |
| 7409 | 3.15M | 1.30% |
| 7410 | 972.77K | 0.40% |
| 7412 | 840.80K | 0.35% |
| 7419 | 291.77K | 0.12% |
| 7418 | 2.15K | 0.00% |
Access Uzbekistan Complete Export Profile
Frequently Asked Questions
What is Uzbekistan's largest export commodity in 2024 Q1?
The largest export category is Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin (HS 71), valued at $2.75B. This sector is primarily driven by exports of Gold (including gold plated with platinum) in unwrought forms (HS 7108), which accounts for 96.93% of the sector's total value.
Which specific precious metals and stones products does Uzbekistan export most in 2024 Q1?
Within the HS 71 sector, the top exports are:
- Gold (including gold plated with platinum) in unwrought forms (HS 7108) - $2.66B
- Silver in unwrought forms (HS 7106) - $74.00M
- Articles of jewellery and parts thereof, of precious metal (HS 7113) - $8.70M
Does Uzbekistan export cotton in 2024 Q1?
Yes, cotton (HS 52) is the second-largest export sector, valued at $400.09M. The primary product is Cotton yarn (not put up for retail sale) (HS 5205), which accounts for 85.85% of the sector's exports.
What are the main industries driving Uzbekistan's economy?
Uzbekistan's economy is heavily reliant on precious metals and stones (HS 71, $2.75B), followed by cotton (HS 52, $400.09M) and copper (HS 74, $241.59M). These top three sectors dominate the export landscape, indicating a concentrated economic structure.
How to find Uzbekistan precious metals and stones suppliers?
You can access a list of active suppliers and exporters for precious metals and stones (HS 71) using the yTrade database, which provides detailed shipment records and company contacts.
Top Uzbekistan Exports 2023 Q4: Commodity Dominance
Uzbekistan's top export product in Q4 2023 was dominated by precious metals and cotton, highlighting a reliance on raw materials. Discover the top export destinations with yTrade.
Top Uzbekistan Exports 2024 Q2: Commodity Dominance
Uzbekistan's top export product in Q2 2024 was dominated by precious metals and cotton, reflecting high reliance on raw materials. Discover key trends and top export destinations with yTrade.
