However, exports of fertilizers, oil and gas have increased.
Photo: Economictimes
The volume of Uzbekistan’s foreign trade in January-July was $28.1 billion. This is 29% more than the same period in 2021, the State Statistics Committee said.
Exports for seven months amounted to $11.27 billion, an increase of 38% compared to last year’s level. At the same time, imports showed an increase of 24% and reached $16.83 billion.
The amount of proceeds from the export of gold has not changed for the fourth month – $2.97 billion. Since March, Uzbekistan has not sold the precious metal abroad.
The deficit of the foreign trade balance since the beginning of the year amounted to $5.56 billion. In relation to the same period last year, it increased by $119 million – for comparison, at the end of June it was $275 million, and in May – $350 million.
China retains the status of the largest trading partner with 18.6% of the total turnover, as well as the main supplier of goods and services ($3.72 billion).
Export
Industrial goods continue to bring the largest share of export earnings – $2.7 billion (+14%). Sales of fabrics, yarn and textile products rose by 23.6%, metal products – by 9.7%.
Next comes food exports with $780.9 million in revenue (+10.9%). Deliveries of dairy products and eggs increased by 61%, while the main item of the food sector – vegetables and fruits – increased by 14%.
Revenue from chemical products rose to $722.5 million (+25.4%). Here, the largest increase is observed, as before, in fertilizers (+99%, to $234 million), and plastics (2.3 times to $27.5 million).
Hydrocarbons and their derivatives brought another $676 million (+74.6%). The export of oil and oil products has doubled, gas – rose by 87%.
Sales of machinery and equipment increased by 24% year-on-year to $479.8 million. Vehicle sales fell 17% year-on-year (to $187 million), but exports of power generators rose almost twenty-fold ($92 million).
Import
Cars remain the largest import item — $5.6 billion (+23.6%). Of these, industrial equipment accounted for almost a quarter ($1.3 billion), another $960 million for other industrial machines.
The volume of purchases of manufactured goods reached $3.18 billion (+28%). Imports of iron and steel are currently the major part of spending ($1.44 billion, +38%), while imports of yarn and fabrics are growing the fastest ($415 million, +39%).
The chemical industry accounted for $2.29 billion (+21.3%), primarily for medicines and polymers. Food imports increased by 41% to $1.83 billion. The increase in costs for fruits and vegetables amounted to 77%, for cereals – 25.5%.
Fuel imports amounted to $824 million (+9.5%). The growth was most noticeable in oil and oil products — 29% ($626 million). On the other hand, gas supplies fell by almost a third ($76 million).
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