Uzbekistan (UZB) and India (IND) Trade | The Observatory of Economic Complexity

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Uzbekistan-India Trade: In 2023, Uzbekistan exported $119M to India. The main products that Uzbekistan exported to India were Uranium and Thorium Ore ($53.5M), Raw Copper ($23.4M), and Insect Resins ($11.7M). Over the past 5 years the exports of Uzbekistan to India have increased at an annualized rate of 2.8%, from $103M in 2018 to $119M in 2023.

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

India-Uzbekistan Trade: In 2023, India exported $656M to Uzbekistan. The main products that India exported to Uzbekistan were Packaged Medicaments ($281M), Frozen Bovine Meat ($48.5M), and Textile Fiber Machinery ($37.5M). Over the past 5 years the exports of India to Uzbekistan have increased at an annualized rate of 6.73%, from $264M in 2018 to $656M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uzbekistan exported $119M to India. The main products exported from Uzbekistan to India were Uranium and Thorium Ore ($53.5M), Raw Copper ($23.4M), and Insect Resins ($11.7M). During the last 5 years the exports of Uzbekistan to India have increased at an annualized rate of 2.8%, from $103M in 2018 to $119M in 2023.

In 2018, India exported $656M to Uzbekistan. The main products exported from India to Uzbekistan were Packaged Medicaments ($281M), Frozen Bovine Meat ($48.5M), and Textile Fiber Machinery ($37.5M). During the last 5 years the exports of India to Uzbekistan have increased at an annualized rate of 6.73%, from $264M in 2023 to $656M in 2018.

Exports from Uzbekistan () to India () (2023)

Exports from India () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and India ()

Uzbekistan Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$8.18B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Uzbekistan than India included Switzerland ($8.18B), Kazakhstan ($1.37B), and Kyrgyzstan ($769M).

In 2023, countries that imported more from India than Uzbekistan included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Uzbekistan - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uzbekistan had a large net trade with India in the exports of Mineral Products ($54M), Metals ($28.7M), and Vegetable Products ($13.7M).

During 2018, India had a large net trade with Uzbekistan in the exports of Chemical Products ($368M), Machines ($121M), and Animal Products ($49.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan India+$16MSilver

Top Product Potential India Uzbekistan+$62.3MPackaged 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 India. This means that a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Uzbekistan.

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Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to India () (2023)

Exports from India () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and India ()

Uzbekistan Exports

India Exports

Market Competitiveness

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

Comparative Advantage Uzbekistan - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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