UzbekistanEcon Complexity (2018): -0.47, Rank 85 of 137
Product Exports (2018): $10.5B, Rank 86 of 222
Exports Per Capita (2018): $319, Rank 99 of 219
Product Imports (2018): $18.1B, Rank 81 of 221
Imports Per Capita (2018): $550, Rank 97 of 219
GDP (2018): $50.5B, CURRENT US$Rank 86 of 196
GDP growth (2008 - 2018): 70.9%, CURRENT US$Rank 55 of 196
GDP PC (2018): $1,532, CURRENT US$Rank 160 of 196
GDP PC GROWTH (2008 - 2018): 41.6%, CURRENT US$Rank 57 of 196
Overview: In 2018 Uzbekistan was the number 86 economy in the world in terms of GDP (current US$), the number 86 in total exports, the number 81 in total imports, and the number 85 most complex economy according to the Economic Complexity Index (ECI). In 2018, Uzbekistan exported $10.5B and imported $18.1B, resulting in a negative trade balance of -$7.61B. In 2018, Uzbekistan's exports per capita were $319 and its imports per capita were $550.
Trade: The top exports of Uzbekistan are Gold ($2.49B), Petroleum Gas ($2.45B), Non-Retail Pure Cotton Yarn ($726M), Refined Copper ($510M), and Ethylene Polymers ($432M). The top imports of Uzbekistan are Vehicle Parts ($892M), Packaged Medicaments ($660M), Refined Petroleum ($505M), Cars ($399M), and Textile Fiber Machinery ($389M).
Destinations: Uzbekistan exports mostly to Switzerland ($2.48B), China ($2.24B), Russia ($1.64B), Kazakhstan ($1.22B), and Turkey ($882M), and imports mostly from China ($3.78B), Russia ($3.33B), South Korea ($2.09B), Kazakhstan ($1.65B), and Turkey ($997M).
Location: Uzbekistan borders Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan by land and Azerbaijan by sea.
Top Export (2018): Gold, $2.49B
Top Destination (2018): Switzerland, $2.48B
In 2018 Uzbekistan exported a total of $10.5B, making it the number 86 exporter in the world. During the last five reported years the exports of Uzbekistan have changed by $3.1B from $7.42B in 2013 to $10.5B in 2018.
The most recent exports are led by Gold ($2.49B), Petroleum Gas ($2.45B), Non-Retail Pure Cotton Yarn ($726M), Refined Copper ($510M), and Ethylene Polymers ($432M). The most common destination for the exports of Uzbekistan are Switzerland ($2.48B), China ($2.24B), Russia ($1.64B), Kazakhstan ($1.22B), and Turkey ($882M).
Top Import (2018): Vehicle Parts, $892M
Top Origin (2018): China, $3.78B
In 2018 Uzbekistan imported $18.1B, making it the number 81 trade destination in the world. During the last five reported years the imports of Uzbekistan changed by $5.94B from $12.2B in 2013 to $18.1B in 2018.
The most recent imports of Uzbekistan are led by Vehicle Parts ($892M), Packaged Medicaments ($660M), Refined Petroleum ($505M), Cars ($399M), and Textile Fiber Machinery ($389M). The most common import partners for Uzbekistan are China ($3.78B), Russia ($3.33B), South Korea ($2.09B), Kazakhstan ($1.65B), and Turkey ($997M).
Fastest Growing Export Markets (2017 - 2018)
Fastest Growing Import Markets (2017 - 2018)
This section shows forecasts for total product exports and imports for Uzbekistan. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
The top product import tariffs by their MFN Ad Valorem value for Uzbekistan are Abrasive powder or grain on a base of other material (30%) and Abrasive powder, grain on paper or paperboard support (30%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Uzbekistan are:
During the last 20 years Uzbekistan's economy has become relatively less complex, moving from the 62nd to the 85th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Uzbekistan has a high level of specialization in Non-Retail Pure Cotton Yarn (93.8), Molybdenum (65.6), Pitted Fruits (64.2), Cotton Waste (53), and Glycosides (38). Specialization is measured using RCA, an index that takes the ratio between Uzbekistan observed and expected exports in each product.
The highest complexity exports of Uzbekistan according to the product complexity index (PCI) are Molybdenum and articles thereof, waste or scrap (1.16), Electrical apparatus for voltage over 1 kV (0.63), Medical wadding, gauze, dressings etc (0.63), Refractory cements, mortars, concretes except graphite (0.6), and Artificial waxes and prepared waxes (0.57). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Uzbekistan according to the relatedness index, are Crude Petroleum (0.18), Chromium Ore (0.17), Other Ores (0.17), Other Oily Seeds (0.16), and Tropical Fruits (0.16). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Uzbekistan is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
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