Uzbekistan Export Data in 2024

Posted in CategoryGeneral Discussion Posted in CategoryGeneral Discussion
  • Lucky sippy 6 days ago

    In the year 2024, Uzbekistan's export industry experienced significant growth. As a crucial player in the global market, Uzbekistan has been making strides in boosting its exports across various sectors. Uzbekistan imports have also seen significant growth in 2024. According to Uzbekistan export data and customs data on Uzbekistan exports, Uzbekistan exported goods worth $31.85 billion in 2024, an increase of 52% from 2023. In this article, we will delve into Uzbekistan's export data for 2024, focusing on the Harmonized System (HS) Code and the country's top export partners.

    List of Top Uzbekistan Export Products: Uzbekistan Exports by HS Code

    Uzbekistan's top export products can be categorized under various Harmonized System (HS) codes, representing a diverse range of goods traded internationally. From agricultural commodities like cotton and fruits to mineral products such as gold and copper ores, Uzbekistan's exports highlight its significance in the global market. The top 10 Uzbekistan exports as per Uzbekistan export statistics and Uzbekistan export data for 2024 include:

    1. Precious stones and metals (HS code 71): $13.95 billion

    Uzbekistan has emerged as a major player in the global precious stones and metals market, with exports worth $13.95 billion in 2024. The country is known for its rich reserves of gold, silver, and other precious metals, making it a lucrative destination for investors and traders.

    2. Cotton (HS code 52): $2.31 billion

    Cotton has been a traditional export commodity for Uzbekistan, and in 2024, the country exported cotton worth $2.31 billion. Uzbekistan is one of the largest cotton producers in the world, known for its high-quality cotton products that are in demand globally.

    3. Mineral fuels and oils (HS code 27): $1.84 billion

    The export of mineral fuels and oils contributed significantly to Uzbekistan's economy in 2024, with exports valued at $1.84 billion. The country has vast reserves of natural resources, including oil and gas, which have helped drive its export growth in this sector.

    4. Copper and articles thereof (HS code 74): $1.77 billion

    Uzbekistan's exports of copper and related articles reached $1.77 billion in 2024, highlighting the country's strong presence in the global copper market. With a focus on mining and metallurgy, Uzbekistan has established itself as a key player in the copper industry.

    5. Commodities not elsewhere specified (HS code 99): $1.39 billion

    Uzbekistan's diverse export portfolio includes commodities not elsewhere specified, with exports totaling $1.39 billion in 2024. This category encompasses a wide range of products, reflecting Uzbekistan's expanding trade relationships with other countries.

    6. Articles of apparel and clothing, knitted (HS code 61): $1.18 billion

    The export of knitted apparel and clothing from Uzbekistan amounted to $1.18 billion in 2024, showcasing the country's growing textile industry. Uzbekistan is known for its quality textiles and garments, which are popular in international markets.

    7. Edible vegetables (HS code 07): $1.05 billion

    Uzbekistan's export of edible vegetables reached $1.05 billion in 2024, highlighting the country's agricultural prowess. With fertile lands and a favorable climate, Uzbekistan produces a variety of vegetables that are in demand globally.

    8. Edible fruit and nuts (HS code 08): $903.70 million

    The export of edible fruit and nuts contributed $903.70 million to Uzbekistan's economy in 2024. Uzbekistan is known for its diverse range of fruits and nuts, including pistachios, almonds, and apricots, which are prized for their quality.

    9. Vehicles (HS code 87): $636.54 million

    Uzbekistan's export of vehicles, including cars and trucks, amounted to $636.54 million in 2024. The country has seen growth in its automotive industry, with an increasing number of international buyers choosing Uzbekistan-made vehicles.

    10. Nuclear reactors and machinery (HS code 84): $630.02 million

    Uzbekistan's export of nuclear reactors and machinery reached $630.02 million in 2024, reflecting the country's investments in infrastructure and technology. Uzbekistan is focusing on expanding its industrial capacity, including in the nuclear energy sector.

    Top Export Partners of Uzbekistan: Uzbekistan Exports by Country

    Uzbekistan's top export partners play a crucial role in driving the country's export economy. As per the latest data on Uzbekistan exports by country, key trade relationships include China, Russia, and Kazakhstan. The top 10 Uzbekistan export partners, as per Uzbekistan customs export data and Uzbekistan shipment data for 2024, include:

    1. Russia: $4.47 billion (14%)

    Russia stands out as Uzbekistan's top export partner, with a total trade value of $4.47 billion in 2024. The strong economic ties between the two countries have been bolstered by strategic partnerships in various industries, including energy, agriculture, and manufacturing.

    2. China: $1.85 billion (5.8%)

    As one of the largest economies in the world, China has become a crucial export destination for Uzbekistan, with a trade value of $1.85 billion in 2024. The growing demand for Uzbekistani goods in the Chinese market has created new opportunities for collaboration and expansion.

    3. Kazakhstan: $1.83 billion (5.8%)

    Kazakhstan continues to be a key trade partner for Uzbekistan, with a total trade value of $1.83 billion in 2024. The close geographical proximity and shared cultural ties between the two countries have facilitated seamless trade relations and mutual economic benefits.

    4. Turkey: $1.58 billion (5%)

    Turkey has emerged as a significant export partner for Uzbekistan, with a trade value of $1.58 billion in 2024. The robust trade relationship between the two countries has been driven by collaborations in the textile, construction, and food industries.

    5. Afghanistan: $1.39 billion (4.4%)

    Despite being faced with various geopolitical challenges, Afghanistan remains a vital export partner for Uzbekistan, with a trade value of $1.39 billion in 2024. The shared border between the two countries has facilitated the movement of goods and strengthened economic ties.

    6. Kyrgyzstan: $740.74 million (2.3%)

    Kyrgyzstan plays a crucial role in Uzbekistan's export landscape, with a trade value of $740.74 million in 2024. The strategic partnerships between the two countries have opened up new avenues for trade and investment in various sectors.

    7. Tajikistan: $540.08 million (1.7%)

    Tajikistan maintains a steady trade relationship with Uzbekistan, with a trade value of $540.08 million in 2024. The cooperation in the energy, transportation, and agriculture sectors has strengthened the economic ties between the two nations.

    8. Pakistan: $408.24 million (1.3%)

    This country has become an increasingly important export partner for Uzbekistan, with a trade value of $408.24 million in 2024. The collaborative efforts between the two countries have resulted in the growth of trade relations and the expansion of market opportunities.

    9. Azerbaijan: $270.02 million (0.8%)

    Azerbaijan continues to be a valuable export partner for Uzbekistan, with a trade value of $270.02 million in 2024. The bilateral trade agreements and strategic partnerships have paved the way for enhanced economic cooperation and shared prosperity.

    10. United Arab Emirates: $250.54 million (0.8%)

    The United Arab Emirates has become an increasingly important export destination for Uzbekistan, with a trade value of $250.54 million in 2024. The growing demand for Uzbekistani products in the UAE market has created new opportunities for trade expansion and diversification.

    Conclusion

    In conclusion, Uzbekistan's export industry is poised for growth in 2024, with the country's diverse range of products finding markets in various countries around the world. By understanding the HS Code system and identifying key export partners with the latest Uzbekistan export data, Businesses can further strengthen their position in the global market. With strategic partnerships and effective trade policies, Uzbekistan is well-positioned to capitalize on its export potential in the coming year.

     

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