Uzbekistan - United Arab Emirates Trade 2023 Q4: Deficit & Growth
Key Market Takeaways: Uzbekistan - United Arab Emirates Trade
The bilateral trade relationship between Uzbekistan and United Arab Emirates surged with explosive export growth but remained in deficit in Q4 2023.
- Deficit with Volatile Trends: Uzbekistan posted a $17.8M trade deficit ($46.98M exports vs. $64.78M imports), though exports skyrocketed YoY (+403.91% in Oct) while imports declined sharply (-59.86% in Oct).
- Resource-for-Tech Exchange: Uzbekistan - United Arab Emirates trade statistics reveal a lopsided structure: mineral fuels (45.75% of exports) flow to the UAE, which supplies electrical machinery (34.72% of imports).
- Asymmetric Complementarity: The UAE holds the high-value position in this partnership, with Uzbekistan acting as a raw material supplier amid rapid export diversification efforts.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Uzbekistan-United Arab Emirates Trade Trend in Q4 2023
Uzbekistan Export Performance: Shipments to United Arab Emirates
- Total Volume: $46.98M in Q4 2023.
- Growth Trend & Context:
- Explosive YoY growth: +403.91% in Oct, +590.5% in Nov, and +197.56% in Dec, indicating a sharp recovery or new demand drivers.
- Key Volatility: December saw a near-doubling of exports (MoM +99.26%), marking the highest monthly value ($24.76M).
Uzbekistan Import Performance: Sourcing from United Arab Emirates
- Total Volume: $64.78M in Q4 2023.
- Growth Trend & Context:
- Persistent YoY declines: -59.86% (Oct), -31.36% (Nov), -60.14% (Dec), suggesting reduced reliance or supply constraints.
- Key Volatility: November peaked at $27.56M (MoM +34.04%), while December plummeted by -39.52% MoM to $16.67M.
Uzbekistan - United Arab Emirates Trade Balance & Market Dynamics
- Net Position: Trade deficit of $17.8M (Exports $46.98M vs. Imports $64.78M).
- Relationship Status: Uzbekistan remains a net importer from the UAE, though export growth signals diversification efforts. The deficit narrowed compared to prior years due to surging exports.
Uzbekistan Import Trend from United Arab Emirates 2023 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 20.56M | 38.23% | -59.86% |
| Nov | 27.56M | 34.04% | -31.36% |
| Dec | 16.67M | -39.52% | -60.14% |
| Total | 64.78M | - | - |
Uzbekistan Export Trend to United Arab Emirates 2023 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 9.79M | -20.69% | 403.91% |
| Nov | 12.43M | 26.91% | 590.5% |
| Dec | 24.76M | 99.26% | 197.56% |
| Total | 46.98M | - | - |
Get Historical Uzbekistan United Arab Emirates Trade Records
Uzbekistan-United Arab Emirates Top Trading Products in Q4 2023
Uzbekistan Export Profile: What Does Uzbekistan Sell to United Arab Emirates
- Top Commodity: Rank #1 Export is HS 27 (Mineral Fuels & Oils) at 45.75% of total exports.
- Demand Driver: United Arab Emirates uses these for industrial processing or energy needs.
- Concentration: Trade is highly concentrated, with HS 27 alone accounting for nearly half of exports.
Uzbekistan Import Profile: What Does Uzbekistan Buy from United Arab Emirates
- Top Commodity: Rank #1 Import is HS 85 (Electrical Machinery & Equipment) at 34.72% of total imports.
- Dependency Nature: Critical technology dependency, as HS 85 covers high-value electronics and machinery.
Uzbekistan - United Arab Emirates Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Uzbekistan exports raw materials (mineral fuels) and imports high-tech machinery.
- Value Chain Position: United Arab Emirates holds the higher value-add position, supplying advanced equipment while Uzbekistan provides energy resources.
Import Analysis by Product: United Arab Emirates to Uzbekistan (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 22.49M | 34.72% |
| 84 | 10.67M | 16.46% |
| 39 | 6.38M | 9.85% |
| 20 | 6.00M | 9.26% |
| 34 | 3.46M | 5.35% |
| 70 | 2.27M | 3.51% |
| 27 | 1.94M | 2.99% |
| 33 | 1.72M | 2.66% |
| 90 | 1.45M | 2.24% |
| 30 | 1.40M | 2.16% |
Export Analysis by Product: Uzbekistan to United Arab Emirates (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 21.49M | 45.75% |
| 71 | 6.92M | 14.73% |
| 84 | 5.91M | 12.58% |
| 24 | 4.08M | 8.68% |
| 08 | 2.38M | 5.06% |
| 85 | 2.15M | 4.57% |
| 87 | 1.60M | 3.41% |
| 90 | 867.59K | 1.85% |
| 74 | 455.45K | 0.97% |
| 07 | 337.46K | 0.72% |
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 further expansion in 2024, driven by Uzbekistan’s surging mineral fuel exports and the UAE’s sustained demand for energy resources. While the trade deficit remains, the explosive YoY export growth (+403.91% in Oct 2023) signals a strong recovery and potential for rebalancing. However, import volatility (-60.14% YoY decline in Dec 2023) suggests supply chain adjustments or shifting procurement strategies. If Uzbekistan maintains this export momentum while diversifying its import sources, the deficit could narrow further, strengthening bilateral trade resilience.
Strategic Moves
- Lock in Long-Term Fuel Contracts: Uzbek exporters should secure multi-year agreements with UAE buyers to stabilize revenue streams and mitigate price fluctuations in the volatile energy market.
- Diversify Tech Imports: Reduce dependency on UAE’s HS 85 (electrical machinery) by exploring alternative suppliers in China or Turkey to avoid supply bottlenecks and enhance cost efficiency.
- Expand Export Portfolio: Capitalize on the UAE’s industrial demand by promoting non-fuel exports like textiles (HS 50-63) or agricultural products (HS 07-15) to reduce commodity concentration risks.
Frequently Asked Questions
How did Uzbekistan - United Arab Emirates trade perform in 2023 Q4?
Uzbekistan exported $46.98M to the UAE, with explosive YoY growth (+403.91% in Oct), while imports fell (-59.86% in Oct), totaling $64.78M.
What are the top exports from Uzbekistan to United Arab Emirates?
HS 27 (Mineral Fuels & Oils) dominated, accounting for 45.75% of Uzbekistan’s exports to the UAE.
What does Uzbekistan import from United Arab Emirates?
HS 85 (Electrical Machinery & Equipment) was the top import, making up 34.72% of total imports from the UAE.
What is the trade balance between Uzbekistan and United Arab Emirates?
Uzbekistan had a trade deficit of $17.8M in Q4 2023, though the gap narrowed due to surging exports.
Uzbekistan - United Arab Emirates Trade 2023 Q3: Deficit & Tech Exchange
Uzbekistan's United Arab Emirates trade trend shows a $40.93M deficit despite a 2,610% export surge. Mineral fuels dominate exports, while aircraft/spacecraft lead imports. Data via yTrade.
Uzbekistan - United Arab Emirates Trade 2024 Whole Year: Volatile Deficit & Tech Exchange
Uzbekistan's United Arab Emirates trade trend shows a $90.83M deficit, driven by mineral fuels and electrical machinery. Explore the yTrade data for insights on Uzbekistan United Arab Emirates top trading products.
