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Exports in Uzbekistan increase by 13.6%, China remaining top trading partner

Uzbekistan's foreign trade increased by 13.6%. Imports, however, grew by 8.7%, reflecting the country's rising need for foreign commodities and resources. Gold makes up the majority of exports, while engineering products make up the majority of imports. 

During this period, the trade deficit slightly widened, reaching $2.65 billion. Gold exports played a crucial role in boosting Uzbekistan's trade numbers. In the last month alone, gold exports made up $1.31 billion. In the same period of the previous year, gold exports stood at $1.18 billion.

China continues to maintain its position as Uzbekistan's largest trading partner, with trade turnover nearly doubling to reach $2.13 billion. Russia holds the second position among Uzbekistan's trading partners, with a trade volume of $1.76 billion. The export of Uzbek products to Russia accounted for $493.4 million, making it the primary destination for goods produced in Uzbekistan.

Manufactured goods are the second largest commodity export item, totaling over $610. million. The revenue from the export of textiles and fabrics increased by 5.6%, reaching $360 million. The next come chemical products at $240.90 million and food products at $236.9 million, with fruits and vegetables contributing the most to this figure.

In terms of imports, engineering products lead with a total value of $2.44 billion. The import of automobiles tripled, reaching $718.3 million. Additionally, imports of electrical equipment experienced a substantial growth of 84.4%, amounting to $324.2 million. There is also a growth in the import of natural gas from Russia and Turkmenistan, making up $166.7 million.

 

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