According to data from the National Statistical Committee of the Republic of Uzbekistan, industrial production in Uzbekistan increased by 8% from January to August 2026 compared to the same period last year, reaching a volume of 926.5 trillion soums.
Over eight months, consumer sector inflation was 3.4%, while foreign trade turnover grew by 7.6%, reaching 57.4 billion US dollars.
Structure of Industrial Production
Production in the manufacturing industry accounted for 87% of the total industrial output. This sector saw a growth of 9.1%, and the production of electricity, gas, steam, and air conditioning increased by 11.8%. Growth was also noted in water supply, sewerage, waste collection, and disposal by 10.2%.
Within the manufacturing industry, the production of other transport equipment increased 1.4 times, and the output of leather goods, other finished goods, and basic pharmaceutical products increased 1.3 times. However, tobacco production decreased to 88.9% of the previous year's level, and the repair and installation of machinery and equipment decreased to 78.9%.
Price Dynamics and Retail Trade
The average annual increase in food prices was 1.9%, while prices for non-food items rose by 4.3%, and services by 4.7%. Housing and communal services and payments, food and non-alcoholic beverages, and transport contributed the most to price increases, accounting for 2.33 percentage points or 68.3% of the total index increase.
The most significant price increase since December 2025 was recorded in insurance and financial services, where the indicator reached 143.7% of the December level. The smallest increase was shown by educational services, which grew to 100.6%.
The volume of retail trade increased by 18.8%, reaching 370.6 trillion soums. Small businesses accounted for 69.8% of retail sales, large enterprises for 19.9%, and informal trade for 10.3%.
Trade and Market Services
The volume of market services grew by 17%, amounting to 908.6 trillion soums. The main driver of growth was trade services, which increased by 16.5%, financial services by 22.5%, accommodation and catering services by 14.4%, transport services by 15.9%, and communication and information technology services by 21.2%.
Construction works increased by 11.8%, reaching 259.4 trillion soums. Small enterprises and microfirms accounted for the largest share in construction (54.8%), followed by large organizations (25.7%) and the informal sector (19.5%).
Enterprises and Investments
As of September 1, 2026, there were 613,500 enterprises and organizations operating in Uzbekistan, excluding farms and dehqan farms. Of these, 451,900 were small enterprises and microfirms. The highest number of enterprises is registered in Tashkent (116,818), followed by Tashkent region (58,299) and Samarkand region (56,529).
During the first eight months of 2026, 60,500 new enterprises were created. The number of enterprises with foreign capital reached 21,490, including 4,758 joint ventures and 16,732 foreign-owned enterprises.
Exports and Imports
From January to August, exports decreased by 3.4%, amounting to 22.9 billion US dollars, while imports increased by 16.3%, reaching 34.5 billion US dollars. Goods accounted for 62.6% of exports, with industrial goods making up 14.1%. Machinery and transport equipment constituted the largest share of imports (32.6%), followed by industrial goods (13.9%) and chemical products (12.1%).
