Uzbekistan's foreign trade volume reached $57.4 billion from January to August 2026
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Uzbekistan's foreign trade volume reached $57.4 billion from January to August 2026

According to data from the National Statistical Committee of Uzbekistan, the volume of Uzbekistan's foreign trade for the period from January to August 2026 amounted to $57.4 billion USD. This figure exceeds the sum for the same period last year by $4 billion, corresponding to a growth of 7.6%.

During this period, exports decreased by 3.4% to $22.9 billion, while imports increased by 16.3%, reaching $34.5 billion. Consequently, Uzbekistan recorded a foreign trade deficit of $11.7 billion.

Non-monetary gold exports fell by 66.3%, decreasing from $8.3 billion to $2.8 billion, and its share in total exports decreased from 35.2% to 12.3%. Meanwhile, the export of goods, excluding gold, showed a growth of 28.7%, reaching $11.5 billion.

Export of services grew by 33.8%, amounting to $8.5 billion and accounting for 37.4% of total exports. More than half of this amount, specifically 54.1%, was received from tourism or travel services, totaling $4.6 billion. Transport services brought in $2.6 billion, while telecommunication, computer, and information services generated revenue of $716.4 million.

Among commodity supplies, various industrial products showed the largest increase, growing by 88.1% to $2.1 billion. Finished goods exports increased by 25.6% to $3.4 billion, chemical products grew by 32.3% to $1.8 billion, and mechanical and transport equipment grew by 43% to $899.8 million. Food product exports remained at the level of the previous year—$1.8 billion.

Exports of petroleum products increased by 46.3%, while natural gas exports decreased by 34.8%. Uzbekistan exported textiles worth $2.1 billion, which is 26.9% more than the previous year; textiles accounted for 9.4% of total exports, with finished textile products making up 51.4% and yarn 32.2%.

Fruit and vegetable exports decreased by 6.6% in value to $1.18 billion and by 1.4% in physical terms to 1.44 million tons. They accounted for 5.2% of total exports. Fruit exports decreased from $416.9 million to $384 million, while vegetable exports increased from $168.6 million to $203.4 million. Onion exports amounted to $91.3 million, and peach exports to $114.7 million.

The largest buyers of Uzbekistan's goods and services were Russia, which purchased goods worth $3.2 billion, accounting for 14% of exports, followed by China with $2 billion (8.7%), Afghanistan ($1.2 billion, 5.4%), Kazakhstan ($1 billion, 4.5%), and France ($927.4 million, 4.1%).

Goods imports increased by $4.3 billion, reaching $30 billion, while service imports grew by 14%, amounting to $4.6 billion. Mechanical and transport equipment accounted for the largest share of imports—$11.3 billion, which is 17.3% more and constitutes 32.6% of total imports. Passenger car imports grew by 72.6% to $1.1 billion, and telecommunications equipment imports increased by 78.5% to $1.1 billion. At the same time, imports of equipment for specific industries decreased by 17.5%.

Food product imports increased by 39.3% to $3.7 billion. Grain imports grew by 58.9% to $967.4 million, and meat imports by 34.2% to $677.4 million. Gasoline imports increased by 48.6%, while diesel fuel imports decreased by 12.3%. Liquefied gas imports increased threefold. Imports of medicines and pharmaceuticals remained almost unchanged at $1.3 billion.

The main suppliers were China with $11.2 billion (32.4% of imports), Russia ($6 billion, 17.4%), and Kazakhstan ($2.7 billion, 7.9%). Overall, Uzbekistan imported goods and services from over 160 countries.

During the reporting period, Uzbekistan traded with more than 200 countries. China maintained its status as the largest trading partner, with bilateral trade with it increasing by 30.2% to $13.2 billion, accounting for 23% of total foreign trade. Trade with Russia increased by 9.7% to $9.2 billion, and with Kazakhstan by 23.4% to $3.7 billion. Trade with Afghanistan grew by 41% to $1.4 billion. Trade volume with Hong Kong increased more than tenfold, from $93.9 million to $980.1 million. Conversely, trade with Germany and India decreased by 1.9% and 5.2%, respectively.

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World Bank reports significant increase in the share of the middle class in Uzbekistan
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World Bank reports significant increase in the share of the middle class in Uzbekistan

The World Bank has presented data indicating a substantial increase in the proportion of the population belonging to the middle class in Uzbekistan during the period from 2021 to 2025. This share rose from 37% to over 72%.

Specifically, in the country's capital, Tashkent, the share of residents falling into the upper-middle class category reached 71.5%. The World Bank's analysis showed that over this period, the share of the upper-middle class in the republic increased from 8% to 31%, while the share of the lower-middle class grew from 29% to 41%.

Experts note that the growth rates in the capital were noticeably higher than in other regions of Uzbekistan. One of the key factors contributing to the expansion of the middle class is recognized as the growth in wages in the private sector.

Furthermore, Tashkent concentrates 29% of all official jobs in the country's private sector that require a high level of qualification.

Uzbekistan's Industrial Production Grew by 8% Over Eight Months
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uzdaily.uz

Uzbekistan's Industrial Production Grew by 8% Over Eight Months

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%).

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