Uzbekistan
2019 Economic Complexity : -0.44, Rank 91 of 146
2019 Product Exports | Imports: $14.1B | $21.5B, 81 of 225 | 75 of 225
2019 Per Capita Product Exports | Imports: $419 | $640, 159 of 219 | 167 of 219
Overview: In 2019 Uzbekistan was the number 80 economy in the world in terms of GDP (current US$), the number 81 in total exports, the number 75 in total imports, the number 147 economy in terms of GDP per capita (current US$) and the number 91 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Uzbekistan are Gold ($5.25B), Petroleum Gas ($2.3B), Non-Retail Pure Cotton Yarn ($923M), Refined Copper ($595M), and Ethylene Polymers ($389M), exporting mostly to Switzerland ($2.61B), United Kingdom ($2.39B), Russia ($2.04B), China ($1.91B), and Kazakhstan ($1.21B).
Imports: The top imports of Uzbekistan are Vehicle Parts ($952M), Packaged Medicaments ($740M), Refined Petroleum ($548M), Cars ($544M), and Planes, Helicopters, and/or Spacecraft ($493M), importing mostly from China ($5.01B), Russia ($3.84B), South Korea ($2.44B), Kazakhstan ($1.98B), and Turkey ($1.24B).
Location: Uzbekistan borders Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan by land and Azerbaijan by sea.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2019): Gold, $5.25B
Top Destination (2019): Switzerland, $2.61B
In 2019, Uzbekistan exported a total of $14.1B, making it the number 81 exporter in the world. During the last five reported years the exports of Uzbekistan have changed by $7.79B from $6.3B in 2014 to $14.1B in 2019.
The most recent exports are led by Gold ($5.25B), Petroleum Gas ($2.3B), Non-Retail Pure Cotton Yarn ($923M), Refined Copper ($595M), and Ethylene Polymers ($389M). The most common destination for the exports of Uzbekistan are Switzerland ($2.61B), United Kingdom ($2.39B), Russia ($2.04B), China ($1.91B), and Kazakhstan ($1.21B).
Yearly Imports
#permalink to sectionTop Import (2019): Vehicle Parts, $952M
Top Origin (2019): China, $5.01B
In 2019 Uzbekistan imported $21.5B, making it the number 75 trade destination in the world. During the last five reported years the imports of Uzbekistan changed by $8.21B from $13.3B in 2014 to $21.5B in 2019.
The most recent imports of Uzbekistan are led by Vehicle Parts ($952M), Packaged Medicaments ($740M), Refined Petroleum ($548M), Cars ($544M), and Planes, Helicopters, and/or Spacecraft ($493M). The most common import partners for Uzbekistan are China ($5.01B), Russia ($3.84B), South Korea ($2.44B), Kazakhstan ($1.98B), and Turkey ($1.24B).
Monthly Trade
#permalink to sectionMarket Growth
#permalink to sectionFastest Growing Export Markets (2018 - 2019)
- United Kingdom, $2.25B (+ 1.67k%)
- Russia, $399M (+ 24.3%)
- Kyrgyzstan, $383M (+ 152%)
Fastest Growing Import Markets (2018 - 2019)
- China, $1.24B (+ 32.7%)
- Russia, $511M (+ 15.4%)
- South Korea, $353M (+ 16.9%)
Tariffs
#permalink to sectionTariffs by Product
#permalink to sectionThe 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:
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionUzbekistan has a high level of specialization in Non-Retail Pure Cotton Yarn (96.8), Molybdenum (45.9), Pitted Fruits (34.2), Glycosides (30.7), and Wheat Flours (27.6). Specialization is measured using RCA, an index that takes the ratio between Uzbekistan observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Uzbekistan according to the product complexity index (PCI) are Molybdenum and articles thereof, waste or scrap (1.34), Artificial waxes and prepared waxes (0.77), Agricultural machinery, soil preparation, cultivation (0.68), Woven fabric of silk or of silk waste (0.58), and Wallpaper and similar wall coverings etc of paper (0.57). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Uzbekistan according to the relatedness index, are Other Oily Seeds (0.17), Other Ores (0.17), Tropical Fruits (0.17), Crude Petroleum (0.16), and Chromium Ore (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.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
Economic Complexity Ranking
#permalink to sectionDuring the last 20 years Uzbekistan's economy has become relatively less complex, moving from the 58th to the 91st 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.
