Uzbekistan - United Arab Emirates Trade 2024 Whole Year: Volatile Deficit & Tech Exchange
Key Market Takeaways: Uzbekistan - United Arab Emirates Trade
The bilateral trade relationship between Uzbekistan and United Arab Emirates is marked by volatility and a structural deficit in 2024.
- Economic Pulse: Uzbekistan runs a $90.83M trade deficit with UAE ($278.77M imports vs. $187.94M exports), with extreme monthly swings in both flows.
- Exchange Structure: Resource-for-Tech Complementarity dominates bilateral trade data: Uzbekistan supplies mineral fuels (59% of exports) while UAE delivers electrical machinery (36% of imports).
- Strategic Interdependence: High commodity concentration risks for Uzbekistan, while UAE secures energy inputs and exports high-value tech.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Uzbekistan-United Arab Emirates Trade Trend in Whole Year 2024
Uzbekistan Export Performance: Shipments to United Arab Emirates
- Total Volume: $187.94M in 2024.
- Growth Trend & Context:
- Volatile YoY swings, ranging from -77.03% (August) to +370.7% (July). No clear directional trend.
- Key Volatility: July saw a 219.54% MoM surge ($64.54M), while August collapsed by 88.72% MoM ($7.28M).
Uzbekistan Import Performance: Sourcing from United Arab Emirates
- Total Volume: $278.77M in 2024.
- Growth Trend & Context:
- Mixed YoY performance, with August (+179.18%) and July (-63.63%) extremes.
- Key Volatility: August peaked at $55.73M (140.03% MoM growth), while March hit a low of $9.20M (-65.37% MoM).
Uzbekistan - United Arab Emirates Trade Balance & Market Dynamics
- Net Position: Trade deficit of $90.83M (Imports $278.77M > Exports $187.94M).
- Relationship Status: Uzbekistan remains a net importer from UAE, with imports 48% higher than exports. Volatility in both flows suggests unstable commodity or energy trade.
Uzbekistan Import Trend from United Arab Emirates 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 30.39M | 82.31% | 57.92% |
| Feb | 26.57M | -12.56% | 42.97% |
| Mar | 9.20M | -65.37% | -50.82% |
| Apr | 25.45M | 176.62% | 12.14% |
| May | 18.55M | -27.12% | -21.76% |
| Jun | 8.78M | -52.69% | -40.88% |
| Jul | 23.22M | 164.56% | -63.63% |
| Aug | 55.73M | 140.03% | 179.18% |
| Sep | 16.92M | -69.63% | 13.8% |
| Oct | 23.46M | 38.63% | 14.13% |
| Nov | 19.91M | -15.16% | -27.77% |
| Dec | 20.59M | 3.47% | 23.57% |
| Total | 278.77M | - | - |
Uzbekistan Export Trend to United Arab Emirates 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 7.27M | -70.66% | 1.9% |
| Feb | 7.24M | -0.33% | -10.17% |
| Mar | 11.89M | 64.23% | 32.89% |
| Apr | 9.68M | -18.58% | -23.81% |
| May | 9.28M | -4.14% | 16.22% |
| Jun | 20.20M | 117.58% | 166.95% |
| Jul | 64.54M | 219.54% | 370.7% |
| Aug | 7.28M | -88.72% | -77.03% |
| Sep | 10.80M | 48.34% | -12.53% |
| Oct | 14.13M | 30.87% | 44.34% |
| Nov | 10.20M | -27.83% | -17.92% |
| Dec | 15.42M | 51.2% | -37.71% |
| Total | 187.94M | - | - |
Get Historical Uzbekistan United Arab Emirates Trade Records
Uzbekistan-United Arab Emirates Top Trading Products in Whole Year 2024
Uzbekistan Export Profile: What Does Uzbekistan Sell to United Arab Emirates
- Top Commodity: Rank #1 Export is HS 27 (Mineral Fuels & Oils) at 59.00% of total exports.
- Demand Driver: United Arab Emirates uses these for industrial processing or energy needs.
- Concentration: Trade is heavily dominated by HS 27, indicating a high reliance on a single commodity.
Uzbekistan Import Profile: What Does Uzbekistan Buy from United Arab Emirates
- Top Commodity: Rank #1 Import is HS 85 (Electrical Machinery & Equipment) at 36.44% of total imports.
- Dependency Nature: Critical technology dependency, as HS 85 covers high-tech and industrial machinery.
Uzbekistan - United Arab Emirates Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Uzbekistan exports raw materials (HS 27) and imports high-tech goods (HS 85).
- Value Chain Position: United Arab Emirates holds the higher value-add position, supplying advanced machinery while Uzbekistan provides raw inputs.
Import Analysis by Product: United Arab Emirates to Uzbekistan (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 101.58M | 36.44% |
| 84 | 40.82M | 14.64% |
| 88 | 40.52M | 14.53% |
| 30 | 10.06M | 3.61% |
| 33 | 9.18M | 3.29% |
| 27 | 8.63M | 3.10% |
| 34 | 8.29M | 2.97% |
| 73 | 7.17M | 2.57% |
| 70 | 6.80M | 2.44% |
| 39 | 6.75M | 2.42% |
Export Analysis by Product: Uzbekistan to United Arab Emirates (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 110.89M | 59.00% |
| 24 | 15.77M | 8.39% |
| 71 | 14.99M | 7.98% |
| 52 | 12.90M | 6.87% |
| 08 | 7.53M | 4.01% |
| 74 | 4.18M | 2.22% |
| 85 | 4.08M | 2.17% |
| 87 | 3.62M | 1.93% |
| 84 | 2.94M | 1.56% |
| 90 | 2.88M | 1.53% |
Check Detailed Uzbekistan-United Arab Emirates Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Uzbekistan-United Arab Emirates trade relationship is expected to remain volatile in the near term, driven by fluctuating commodity prices and uneven demand for high-tech imports. Given Uzbekistan’s heavy reliance on mineral fuel exports (HS 27) and the UAE’s dominance in supplying electrical machinery (HS 85), the trade deficit is likely to persist unless structural shifts occur. However, strategic partnerships in energy and technology could stabilize flows, particularly if Uzbekistan secures long-term supply agreements. Traders should prepare for continued swings in monthly trade volumes, with potential upside if global energy markets rebound.
Strategic Moves
- Diversify Export Markets: Uzbekistan must reduce dependence on HS 27 exports by expanding into other high-potential sectors like agriculture or textiles, mitigating risks from commodity price volatility.
- Negotiate Tech Transfer Agreements: To counterbalance the trade deficit, Uzbek importers should push for joint ventures or local production partnerships with UAE firms in the electrical machinery sector (HS 85).
- Lock In Energy Contracts: Given the erratic performance of mineral fuel exports, Uzbek exporters should secure fixed-price, long-term contracts with UAE buyers to stabilize revenue streams and reduce monthly volatility.
Frequently Asked Questions
How did Uzbekistan - United Arab Emirates trade perform in 2024 Whole Year?
Uzbekistan exported $187.94M to the UAE and imported $278.77M, with volatile growth trends in both directions.
What are the top exports from Uzbekistan to United Arab Emirates?
Mineral Fuels & Oils (HS 27) dominate, accounting for 59.00% of Uzbekistan's exports to the UAE.
What does Uzbekistan import from United Arab Emirates?
Electrical Machinery & Equipment (HS 85) is the top import, making up 36.44% of total imports from the UAE.
What is the trade balance between Uzbekistan and United Arab Emirates?
Uzbekistan has a trade deficit of $90.83M, with imports 48% higher than exports.
Uzbekistan - United Arab Emirates Trade 2023 Q4: Deficit & Growth
Uzbekistan's United Arab Emirates trade trend shows a $17.8M deficit despite 403.91% export surge. Top trading products: mineral fuels (45.75%) and electrical machinery (34.72%). Data via yTrade.
Uzbekistan - United States Trade 2024 Q1: Deficit Widens
Uzbekistan's United States trade trend shows a $117.02M deficit in Q1 2024, driven by surging imports. Top trading products include fuels and aircraft, per yTrade data.
