Uzbekistan (UZB) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Uzbekistan-Italy Trade: In 2023, Uzbekistan exported $198M to Italy. The main products that Uzbekistan exported to Italy were Gold ($76.6M), Light Rubberized Knitted Fabric ($38.2M), and Non-Retail Pure Cotton Yarn ($26.6M). Over the past 5 years the exports of Uzbekistan to Italy have increased at an annualized rate of 60.6%, from $18.5M in 2018 to $198M in 2023.

In 2023, Uzbekistan did not export any services to Italy.

Italy-Uzbekistan Trade: In 2023, Italy exported $464M to Uzbekistan. The main products that Italy exported to Uzbekistan were Centrifuges ($25.9M), Electric Furnaces ($21.9M), and Gas Turbines ($16.8M). Over the past 5 years the exports of Italy to Uzbekistan have increased at an annualized rate of 7.81%, from $319M in 2018 to $464M in 2023.

In 2023, Italy did not export any services to Uzbekistan.

Comparison: In 2023, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uzbekistan exported $198M to Italy. The main products exported from Uzbekistan to Italy were Gold ($76.6M), Light Rubberized Knitted Fabric ($38.2M), and Non-Retail Pure Cotton Yarn ($26.6M). During the last 5 years the exports of Uzbekistan to Italy have increased at an annualized rate of 60.6%, from $18.5M in 2018 to $198M in 2023.

In 2018, Italy exported $464M to Uzbekistan. The main products exported from Italy to Uzbekistan were Centrifuges ($25.9M), Electric Furnaces ($21.9M), and Gas Turbines ($16.8M). During the last 5 years the exports of Italy to Uzbekistan have increased at an annualized rate of 7.81%, from $319M in 2023 to $464M in 2018.

Exports from Uzbekistan () to Italy () (2023)

Exports from Italy () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Italy ()

Uzbekistan Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$8.18B

Italy
Top DestinationGermany$71.4B

This map shows whether countries import more from Uzbekistan or Italy. Each country is colored based on the difference in imports they receive from Uzbekistan and Italy or the difference in the growth in imports.

In 2023, countries that imported more from Uzbekistan than Italy included Afghanistan ($766M), Kyrgyzstan ($769M), and Tajikistan ($489M).

In 2023, countries that imported more from Italy than Uzbekistan included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy () and Uzbekistan () (2023)

Comparative Advantage Uzbekistan - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Uzbekistan and Italy by product, considering products traded by both, Uzbekistan and Italy.

During 2023, Uzbekistan had a large net trade with Italy in the exports of Precious Metals ($86.6M), Textiles ($75.1M), and Chemical Products ($11.3M).

During 2018, Italy had a large net trade with Uzbekistan in the exports of Machines ($285M), Chemical Products ($37.2M), and Textiles ($21.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan Italy+$39.1MGold

Top Product Potential Italy Uzbekistan+$14.2MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Uzbekistan and Italy. This means that a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Uzbekistan.

About

Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to Italy () (2023)

Exports from Italy () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Italy ()

Uzbekistan Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Uzbekistan () (2023)

Comparative Advantage Uzbekistan - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uzbekistan () and Italy () (2023)

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