Overview: In 2018 Uzbekistan was the number 86 economy in the world in terms of GDP (current US$), the number 86 in total exports, the number 81 in total imports,
the number 160 economy in terms of GDP per capita (current US$) and the number 85 most complex economy according to the Economic Complexity Index (ECI)
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.
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.
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 tariffs applied to imports for Uzbekistan are:136: Most Favoured Nation duty rate treatement141: Non-MFN tariff190: Preferential tariff for Commonwealth of Independent States (CIS) countries242: Preferential tariff for Iran
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 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.