Uzbekistan Exported Over $2 Billion Worth of Textile Products

According to reports, Uzbekistan earned over $2 billion in revenue from textile product exports in the first eight months of this year. This information was provided by the State Statistics Agency of the Republic of Uzbekistan.

As per the data, from January to August 2023, Uzbekistan exported $2.1 billion worth of textile products abroad. This figure represents a 3.7% decrease compared to the same period last year.

In the structure of textile exports, the main share was held by finished textile products (41.8%) and yarn (40.0%).

The department's report noted that during the analyzed period, Uzbekistan sold 571 types of textile products to 54 countries worldwide.

Exporting Uzbek textile products is one of the key sectors of the country's economy. Uzbekistan is recognized as a major producer and exporter of textile products.

One of the primary reasons for the success of Uzbekistan's textile exports is the high quality of its products. Uzbek cotton is renowned for its strength, softness, and natural properties. Additionally, Uzbek manufacturers actively incorporate modern technology and innovations into the production process, enabling them to create competitive products for the global market.

Uzbekistan is actively developing trade relations with various countries. Major partners for exporting Uzbek textile products include Russia, China, Turkey, Kazakhstan, and other CIS countries.

To further develop textile exports, it is essential to continue modernizing the industry and increasing productivity. Furthermore, actively attracting investments and developing international cooperation are necessary to expand trade markets and establish long-term partnerships.

Overall, exporting Uzbek textile products is a significant and promising direction for the development of the country's economy. Maintaining high-quality products, modernizing the industry, and fostering international collaboration will help Uzbekistan strengthen its position in the global textile market.

All information taken from www.caitme.uz