Uzbekistan - United Arab Emirates Trade 2023 Q3: Deficit & Tech Exchange

Key Market Takeaways: Uzbekistan - United Arab Emirates Trade

The bilateral trade relationship between Uzbekistan and United Arab Emirates is marked by explosive growth and volatility in 2023 Q3.

• Deficit-Driven Trade: Uzbekistan posted a $40.93M trade deficit with the UAE ($98.68M imports vs. $57.75M exports), despite a 2,610%+ YoY export surge in key months.
• Resource-for-Tech Exchange: Uzbekistan - United Arab Emirates trade statistics reveal a lopsided structure: mineral fuels (43.6% of exports) flow to the UAE, while aircraft/spacecraft (43.8% of imports) dominate inbound shipments.
• Asymmetric Interdependence: The UAE holds the high-value position, supplying critical technology, while Uzbekistan remains a commodity exporter—a classic emerging-to-advanced economy dynamic.

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

Uzbekistan-United Arab Emirates Trade Trend in Q3 2023

Uzbekistan Export Performance: Shipments to United Arab Emirates

• Total Volume: Exports to the UAE totaled $57.75M in Q3 2023.
• Growth Trend & Context:
  • YoY Explosion: Exports surged by 2,610.62% in July, 4,097.44% in August, and 894.54% in September, indicating a dramatic year-over-year expansion.
  • Key Volatility: August saw the highest MoM growth (131.12%), while September experienced a sharp decline (-61.04% MoM).

Uzbekistan Import Performance: Sourcing from United Arab Emirates

• Total Volume: Imports from the UAE reached $98.68M in Q3 2023.
• Growth Trend & Context:
  • YoY Contraction: Imports fell by -44.14% YoY in August and -62.22% YoY in September, following a July spike (279.3% YoY).
  • Key Volatility: July recorded a 330.11% MoM surge, but August and September saw steep drops (-68.73% and -25.5% MoM, respectively).

Uzbekistan - United Arab Emirates Trade Balance & Market Dynamics

• Net Position: Uzbekistan posted a trade deficit of $40.93M (Imports $98.68M > Exports $57.75M).
• Relationship Status: Net importer from the UAE, with volatile monthly trade flows but a clear structural deficit.

Uzbekistan Import Trend from United Arab Emirates 2023 Q3 (Source: yTrade)**

Uzbekistan Export Trend to United Arab Emirates 2023 Q3 (Source: yTrade)**

Get Historical Uzbekistan United Arab Emirates Trade Records

Uzbekistan-United Arab Emirates Top Trading Products in Q3 2023

Uzbekistan Export Profile: What Does Uzbekistan Sell to United Arab Emirates

• Top Commodity: Rank #1 Export is Mineral Fuels (HS 27), accounting for 43.57% of total exports.
• Demand Driver: United Arab Emirates likely uses these for industrial processing or energy needs, given the dominance of raw materials in exports.
• Concentration: Trade is highly concentrated, with the top two categories (HS 27 and HS 88) making up 78.37% of total exports.

Uzbekistan Import Profile: What Does Uzbekistan Buy from United Arab Emirates

• Top Commodity: Rank #1 Import is Aircraft & Spacecraft (HS 88), representing 43.75% of total imports.
• Dependency Nature: Critical technology dependency, as HS 88 (high-tech machinery) dominates imports, alongside other industrial goods like electrical machinery (HS 85).

Uzbekistan - United Arab Emirates Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Uzbekistan exports raw materials (mineral fuels, precious stones/metals) and imports high-value tech (aircraft, machinery).
• Value Chain Position: United Arab Emirates holds the higher value-add position, supplying advanced technology (HS 88, 85) while Uzbekistan provides commodities (HS 27, 71).

Import Analysis by Product: United Arab Emirates to Uzbekistan (Source: yTrade)

Export Analysis by Product: Uzbekistan to United Arab Emirates (Source: yTrade)

Check Detailed Uzbekistan-United Arab Emirates Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Uzbekistan-United Arab Emirates trade relationship is poised for continued volatility but with long-term growth potential. Uzbekistan’s explosive export growth—driven by mineral fuels (HS 27)—suggests sustained UAE demand for raw materials, while the UAE’s dominance in high-tech exports (HS 88) ensures structural dependency. However, the sharp monthly fluctuations in trade volumes and Uzbekistan’s widening deficit demand caution. Over the next year, expect asymmetric growth: Uzbek exports may stabilize at higher levels, while imports could remain subdued unless new industrial or aviation deals materialize.

Strategic Moves

• Lock in Fuel Export Contracts: Uzbek exporters must secure long-term agreements with UAE buyers to mitigate price volatility and ensure stable revenue streams, given the UAE’s reliance on HS 27 imports.
• Diversify Import Sources: To reduce dependency on UAE high-tech goods, Uzbek importers should explore alternative suppliers in Turkey, China, or South Korea for aircraft and machinery (HS 88/85).
• Invest in Value-Add Processing: Uzbekistan should prioritize domestic refining or manufacturing of mineral fuels (HS 27) and precious metals (HS 71) to capture higher margins and reduce raw-material export dependency.

Frequently Asked Questions

How did Uzbekistan - United Arab Emirates trade perform in 2023 Q3?

Uzbekistan's exports to the UAE surged dramatically (up to 4,097% YoY in August), while imports fell sharply (-62% YoY in September). Total trade volume was $156.43M (Exports: $57.75M, Imports: $98.68M).

What are the top exports from Uzbekistan to United Arab Emirates?

Mineral Fuels (HS 27) dominate Uzbekistan's exports to the UAE, accounting for 43.57% of total shipments, followed by Aircraft & Spacecraft (HS 88).

What does Uzbekistan import from United Arab Emirates?

Aircraft & Spacecraft (HS 88) are the top import, making up 43.75% of total imports, alongside Electrical Machinery (HS 85).

What is the trade balance between Uzbekistan and United Arab Emirates?

Uzbekistan had a trade deficit of $40.93M (Imports > Exports), reflecting its role as a net importer from the UAE. The gap widened due to volatile monthly trade flows.