Uzbekistan - Turkey Trade 2024 Whole Year: Growing Deficit & Resource-Tech Exchange
Key Market Takeaways: Uzbekistan - Turkey Trade
The bilateral trade relationship between Uzbekistan and Turkey reflects a volatile but growing trade deficit in 2024.
- $2.65B total trade volume masks a $706M deficit for Uzbekistan, driven by Turkey’s stronger import demand (+$1.68B vs. $973M exports).
- Resource-for-Tech exchange: Uzbekistan’s copper and cotton (68% of exports) fund Turkish machinery and electrical imports (43% share), per Uzbekistan - Turkey trade statistics.
- Asymmetric interdependence: Turkey holds the value-add advantage, while Uzbekistan remains a critical upstream supplier.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Uzbekistan-Turkey Trade Trend in Whole Year 2024
Uzbekistan Export Performance: Shipments to Turkey
- Total Volume: $973.79M in 2024.
- Growth Trend & Context:
- YoY declines dominated H1 (e.g., -29.93% in Feb, -28.01% in Mar), with partial recovery in H2 (e.g., +12.0% in May, +16.28% in Dec).
- No news context provided to explain volatility.
- Key Volatility: March saw the highest MoM surge (+25.54%), while July recorded the steepest YoY drop (-61.19%).
Uzbekistan Import Performance: Sourcing from Turkey
- Total Volume: $1.68B in 2024.
- Growth Trend & Context:
- Mixed YoY performance: contractions in Jan (-16.42%) and Dec (-31.52%) offset by growth in Apr (+6.56%) and Jul (+19.15%).
- Key Volatility: July posted the highest monthly value ($175.82M, +36.08% MoM), while November had the sharpest MoM fall (-21.97%).
Uzbekistan - Turkey Trade Balance & Market Dynamics
- Net Position: Trade deficit of $706.21M (Imports $1.68B > Exports $973.79M).
- Relationship Status: Uzbekistan remains heavily dependent on Turkish imports, with no sustained export recovery to offset the gap.
Uzbekistan Import Trend from Turkey 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 125.15M | -31.16% | -16.42% |
| Feb | 130.15M | 4.0% | -22.23% |
| Mar | 124.67M | -4.21% | -5.24% |
| Apr | 142.61M | 14.39% | 6.56% |
| May | 155.70M | 9.18% | 6.9% |
| Jun | 129.20M | -17.02% | 1.91% |
| Jul | 175.82M | 36.08% | 19.15% |
| Aug | 165.07M | -6.11% | 10.58% |
| Sep | 135.02M | -18.21% | -7.31% |
| Oct | 151.06M | 11.88% | -7.94% |
| Nov | 117.87M | -21.97% | -22.41% |
| Dec | 124.49M | 5.62% | -31.52% |
| Total | 1.68B | - | - |
Uzbekistan Export Trend to Turkey 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 75.83M | -7.16% | -27.42% |
| Feb | 78.21M | 3.14% | -29.93% |
| Mar | 98.18M | 25.54% | -28.01% |
| Apr | 85.40M | -13.02% | -0.41% |
| May | 92.18M | 7.95% | 12.0% |
| Jun | 76.77M | -16.72% | 1.49% |
| Jul | 70.56M | -8.08% | -61.19% |
| Aug | 75.74M | 7.35% | -29.47% |
| Sep | 69.12M | -8.75% | -16.82% |
| Oct | 79.55M | 15.1% | -3.26% |
| Nov | 77.29M | -2.85% | 6.02% |
| Dec | 94.97M | 22.88% | 16.28% |
| Total | 973.79M | - | - |
Get Historical Uzbekistan Turkey Trade Records
Uzbekistan-Turkey Top Trading Products in Whole Year 2024
Uzbekistan Export Profile: What Does Uzbekistan Sell to Turkey
- Top Commodity: Copper (HS 74) dominates exports, accounting for 34.18% of total value.
- Demand Driver: Turkey likely uses Uzbek copper for industrial processing, given its high share and raw material nature.
- Concentration: Trade is highly concentrated, with copper and cotton (HS 52) jointly making up 67.56% of exports.
Uzbekistan Import Profile: What Does Uzbekistan Buy from Turkey
- Top Commodity: Machinery (HS 84) leads imports at 36.05% of total value.
- Dependency Nature: Critical technology dependency, as machinery and electrical equipment (HS 85) combined account for 43.41% of imports.
Uzbekistan - Turkey Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Uzbekistan exports raw materials (copper, cotton) to Turkey, while importing high-value machinery and equipment.
- Value Chain Position: Turkey holds the higher value-add position, supplying advanced industrial goods, while Uzbekistan provides upstream inputs.
Import Analysis by Product: Turkey to Uzbekistan (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 604.45M | 36.05% |
| 85 | 123.46M | 7.36% |
| 39 | 100.51M | 5.99% |
| 73 | 59.51M | 3.55% |
| 38 | 58.84M | 3.51% |
| 87 | 51.62M | 3.08% |
| 32 | 47.21M | 2.82% |
| 54 | 41.91M | 2.50% |
| 30 | 40.95M | 2.44% |
| 34 | 37.26M | 2.22% |
Export Analysis by Product: Uzbekistan to Turkey (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 74 | 332.83M | 34.18% |
| 52 | 325.06M | 33.38% |
| 39 | 87.33M | 8.97% |
| 27 | 34.76M | 3.57% |
| 79 | 33.47M | 3.44% |
| 08 | 29.97M | 3.08% |
| 84 | 25.30M | 2.60% |
| 85 | 20.55M | 2.11% |
| 31 | 15.70M | 1.61% |
| 28 | 14.84M | 1.52% |
Check Detailed Uzbekistan-Turkey Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Uzbekistan-Turkey trade relationship is expected to remain volatile in the near term, with Uzbekistan’s persistent trade deficit likely to widen further unless export diversification efforts intensify. Given Turkey’s strong demand for Uzbek raw materials like copper and cotton, exports may stabilize but will struggle to offset the high-value machinery imports driving the deficit. Without structural shifts, the Uzbekistan-Turkey trade forecast suggests continued asymmetry, with Turkey retaining the upper hand in value-added trade.
Strategic Moves
- Diversify Export Basket: Uzbek exporters must reduce reliance on copper and cotton by targeting secondary sectors like textiles (processed goods) or agricultural products with higher margins.
- Negotiate Tech Transfer Agreements: To counter dependency, Uzbekistan should secure joint ventures or licensing deals with Turkish machinery suppliers, boosting local production capabilities.
- Monitor Turkish Demand Cycles: Traders should align shipments with Turkey’s industrial procurement cycles (e.g., pre-infrastructure booms) to capitalize on peak copper and cotton demand periods.
Frequently Asked Questions
How did Uzbekistan - Turkey trade perform in 2024 Whole Year?
Uzbekistan exported $973.79M to Turkey and imported $1.68B, with mixed growth trends and a trade deficit of $706.21M.
What are the top exports from Uzbekistan to Turkey?
Copper (HS 74) and cotton (HS 52) dominate, jointly accounting for 67.56% of Uzbekistan's exports to Turkey.
What does Uzbekistan import from Turkey?
Machinery (HS 84) and electrical equipment (HS 85) lead imports, making up 43.41% of total value from Turkey.
What is the trade balance between Uzbekistan and Turkey?
Uzbekistan recorded a trade deficit of $706.21M in 2024, remaining heavily dependent on Turkish imports.
Uzbekistan - Turkey Trade 2023 Q4: Widening Deficit Crisis
Uzbekistan's trade deficit with Turkey deepens as exports drop 30.72% YoY. Explore Uzbekistan Turkey trade trends and top trading products like copper and machinery via yTrade data.
Uzbekistan - Turkey Trade 2024 Q3: Lopsided Deficit Deepens
Uzbekistan's $260.49M Turkey trade deficit highlights lopsided resource-for-tech exchange. Explore Uzbekistan Turkey trade trends and top trading products via yTrade data.
