In 10 years, Uzbekistan’s U.S. exports rose almost tenfold

A popular Pakistani outlet, Islamabad Post, published an analytical article noting that trade volume between Uzbekistan and the United States has been steadily growing over the past decade, reaching 431 million USD in 2024, which is nearly ten times higher than in 2014. The article also highlights that Uzbekistan’s export structure is diversifying toward high-value markets.

According to the correspondent of “Dunyo” Information Agency, an analytical article titled “Uzbekistan–U.S. Trade Cooperation: Active Growth Trends” was published in the popular Pakistani newspaper Islamabad Post.

The publication states that Uzbekistan’s trade relations with the United States have been consistently developing over the last ten years. In 2024, Uzbekistan exported goods and services worth 431 million USD to the U.S., almost ten times higher than the 42.4 million USD recorded in 2014.

It is highlighted that the U.S. share in Uzbekistan’s total exports increased from 0.3% in 2014 to 1.6% in 2024. This trend reflects the strengthening diversification of the country’s exports toward high-value markets.

The article notes that the services sector holds the leading position in Uzbekistan’s overall exports to the U.S., amounting to 274 million USD (63.6%) in 2024. However, in recent years, significant changes have been observed in the structure of goods exports.

Specifically, the export of mineral fuels and petroleum products rose from 287 thousand USD in 2020 to 117 million USD in 2024. According to the author, this category has become the second-largest export group after services, indicating growing demand for Uzbekistan’s processed energy products in the U.S. market.

In addition to traditional items, new product categories are also being introduced. For example:

• aluminum and aluminum products, almost nonexistent in 2020, reached 11.4 million USD in 2024;

• exports of aircraft and space equipment components rose to 10.6 million USD;

• exports of agricultural goods, including vegetables, coffee, tea, and spices, exceeded 3.5 million USD.

The author concludes that Uzbekistan’s exports to the U.S. are gradually shifting from raw materials toward industrial and agricultural products, although the dominance of services exports still remains.

According to the article, Uzbekistan’s imports from the United States amounted to 594 million USD in 2024, accounting for 1.5% of total imports. Although imports remain higher than exports, the gap is gradually narrowing due to the growth of exports in services, mineral fuels, aluminum, and aviation components.

The Islamabad Post analysis also notes that the United States remains not only a source of high-value products for Uzbekistan but also an important provider of technological expertise and capital needed for industrial modernization. Future prospects are directly linked to the goals outlined in the “Uzbekistan–2030” strategy: expanding the processing industry, developing digital services, and implementing joint innovative projects.

The publication also touches upon institutional shifts in Uzbekistan’s integration into the global trading system. It recalls that in December 2024, Uzbekistan announced the completion of bilateral negotiations on goods and services as part of its accession to the World Trade Organization.

The article concludes:
“Strengthening trade relations with the United States remains a key strategic goal in Uzbekistan’s long-term diversification agenda. With improved export potential and the new U.S. tariff regime, the country has an opportunity to become a competitive, tariff-neutral regional hub for manufacturing and re-export. Achieving this requires stable institutional coordination, improved logistics and certification systems, as well as active participation in regional and global trade partnerships.”

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