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Overview In 2022, Uzbekistan was the number 72 economy in the world in terms of GDP (current US$), the number 83 in total exports, the number 74 in total imports, the number 143 economy in terms of GDP per capita (current US$) and the number 79 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Uzbekistan are Gold ($5.18B), Non-Retail Pure Cotton Yarn ($1.39B), Petroleum Gas ($934M), Refined Copper ($596M), and Silver ($339M), exporting mostly to Switzerland ($4.29B), Russia ($2.6B), China ($1.98B), Turkey ($1.59B), and Kazakhstan ($1.25B).

Imports The top imports of Uzbekistan are Motor vehicles; parts and accessories (8701 to 8705) ($1.28B), Packaged Medicaments ($1.16B), Cars ($1.12B), Wheat ($831M), and Refined Petroleum ($775M), importing mostly from China ($7.26B), Russia ($5.62B), Kazakhstan ($3.68B), South Korea ($2.26B), and Turkey ($1.89B).

Location Uzbekistan borders Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan by land and Azerbaijan by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Uzbekistan.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Gold$5.18B
Top Destination (2022)Switzerland$4.29B

In 2022, Uzbekistan exported a total of $16.9B, making it the number 83 exporter in the world. During the last five reported years the exports of Uzbekistan have changed by $5.92B from $11B in 2017 to $16.9B in 2022.

The most recent exports are led by Gold ($5.18B), Non-Retail Pure Cotton Yarn ($1.39B), Petroleum Gas ($934M), Refined Copper ($596M), and Silver ($339M). The most common destination for the exports of Uzbekistan are Switzerland ($4.29B), Russia ($2.6B), China ($1.98B), Turkey ($1.59B), and Kazakhstan ($1.25B).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
Switzerland$1.88B (+ 78.3%)
Russia$890M (+ 52.1%)
Kazakhstan$227M (+ 22.1%)
Fastest Growing Import Markets (2021 - 2022)
China$1.68B (+ 30.1%)
Kazakhstan$910M (+ 32.9%)
Germany$661M (+ 94.3%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

Uzbekistan Exports Services (2018)$2.66B
Uzbekistan Imports Services (2018)$4.99B

In 2018, Uzbekistan exported $2.66B worth of services. The top services exported by Uzbekistan in 2018 were Personal travel ($1.13B), Other transport ($943M), Air transport ($308M), Telecommunications services ($150M), and Miscellaneous business, professional, and technical services ($51.2M).

The top services imported by Uzbekistan in 2018 were Other transport ($1.88B), Business travel ($1.2B), Personal travel ($1.04B), Air transport ($529M), and Construction in the compiling economy ($138M).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Overview

Economic Complexity (Trade)-0.28Rank 79 of 133
Economic Complexity (Technology)-0.86Rank 70 of 96
Economic Complexity (Research)-1.28Rank 129 of 135

Most Specialized Products by RCA Index

Uzbekistan has a high level of specialization in Non-Retail Pure Cotton Yarn (145), Silk Fabrics (76.2), Molybdenum (73.6), Wheat Flours (56), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) (38.1). 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

Export Opportunities by Relatedness

The top export opportunities for Uzbekistan according to the relatedness index, were Raw Cotton (0.24), Other Ores (0.24), Tea (0.23), Legumes (0.23), and Tropical Fruits (0.23). 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

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Uzbekistan. These are products that tend to be co-exported with the products that Uzbekistan exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Uzbekistan's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨62nd to the 79th⁩ 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.

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ECI (Trade) Ranking by Country

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