Exports topped $20B, including $7.7B from gold

In the first seven months of 2025, Uzbekistan’s trade turnover with the UAE, India, Afghanistan, and the Netherlands improved significantly, while it deteriorated considerably with Lithuania, Turkmenistan, South Korea, the USA, and Turkey. During the reporting period, gold sales amounted to $7.7 billion, which is a record figure. Dependence on China further increased, with this country accounting for 18.2% of total foreign trade turnover.

From January to July 2025, Uzbekistan’s foreign trade turnover reached $44.4 billion, an increase of $7.37 billion or 19.9% compared to the same period in 2024.

Exports amounted to $20.1 billion (+34.8%), while imports reached $24.3 billion (+9.9%). The negative foreign trade balance narrowed to $4.2 billion.

During the reporting period, the main share of foreign trade turnover was with China (18.2%), Russia (16.1%), Kazakhstan (5.9%), Turkey (3.6%), and South Korea (2.2%).

Among major partner countries, trade turnover declined with Lithuania (-46.9%), Turkmenistan (-22.5%), South Korea (-17.7%), USA (-8.7%), and Turkey (-6.5%). Meanwhile, it increased significantly with UAE (+71.4%), India (+57.1%), Afghanistan (+50.9%), Netherlands (+45.8%), Belarus (+28.4%), Pakistan (+25.9%), Germany (+24.5%), China (+17.9%), Kazakhstan (+15.9%), and France (+15%).

Exports

During the reporting period, $7.6 billion (+80.9%) worth of gold was sold, accounting for 37.7% of total exports. In addition, exports of industrial goods (11.1%), food products and live animals (7.5%), chemical products (5.8%), mineral fuels (4.4%), and various manufactured goods (4.3%) also had a significant share.

All information was obtained from the website www.kun.uz