Exports declined to $5.81bn, down 29.3% y/y, while imports rose 30.8% y/y to $12.21bn. As a result, the trade balance remained in deficit at –$6.40bn. Excluding special exports, goods exports demonstrated steady growth, rising by 26.2% y/y to $3.48bn.
Key trade partners
Uzbekistan maintained trade relations with 170 countries during January–March 2026. China, Russia, and Kazakhstan remained the country’s leading trading partners.
Trade turnover with China reached $4.62bn, up from $3.01bn in 2025 and $3.03bn in 2024, accounting for 25.6% of total FTT. Russia followed with $3.28bn, compared to $2.66bn last year and $2.81bn in 2024, representing 18.2% of total turnover. Trade with Kazakhstan amounted to $1.31bn, up from $1.03bn in 2025 and $937.2mn in 2024, making up 7.2% of total FTT. Other major partners included Turkiye (3.6%) and Afghanistan (2.8%).
On the export side, Russia remained Uzbekistan’s largest destination, accounting for 18.1% of total exports, followed by China (11.0%), Afghanistan (7.6%), France (7.0%), Kazakhstan (4.9%), Turkiye (4.0%), the UAE (3.0%), Kyrgyz Republic (2.9%), and Tajikistan (2.4%). Together, these countries accounted for 60.0% of total exports.
Source: Daryo
Sectoral insights
Sectoral data indicated growth in agriculture, textiles, and services, despite the overall decline in exports.
Exports of fruit and vegetable products reached 339.9 thousand tons, up 10.0% y/y. In value terms, shipments totaled $317.7mn, an increase of 12.4% compared to the same period in 2025, accounting for 5.5% of total exports.
Textile exports amounted to $739.9mn, accounting for 12.7% of total exports, up 17.6% y/y. Finished textiles made up 51.7% of textile exports, while yarn accounted for 31.4%.
Service exports increased 26.8% y/y to $2.33bn, representing 40.1% of total exports. Travel services dominated with 48.0%, followed by transport services (35.5%), telecommunications and IT services (10.3%), and other business services (2.1%).
Uzbekistan exported no non-monetary gold during the reporting period, compared to $3.57bn in the same period last year, while gold imports remained limited at $177.9mn.
In the overall export structure, goods accounted for 59.9% of total exports, including industrial goods (17.8%), chemical products (10.6%), food products and live animals (9.2%), and various finished goods (9.2%).
Trade in mineral fuels showed a pronounced imbalance. Exports of fuel and energy products declined 5.6% y/y to $243.8mn, while imports surged 64.4% to $1.17bn.
Import structure
Imports totaled $12.21bn in January–March 2026. Goods imports increased by $2.69bn y/y to $10.99bn, while service imports rose 17.9% y/y to $1.22bn.
Machinery and transport equipment dominated the import structure with a 33.8% share, followed by industrial goods (13.9%) and chemical products (12.0%).
Uzbekistan imported goods and services from over 140 countries during the period. The main suppliers were China (32.5%), Russia (18.3%), Kazakhstan (8.4%), the Republic of Korea (3.7%), Turkiye (3.5%), Turkmenistan (2.6%), and the UAE (2.3%). These countries accounted for more than 70% of total imports.
Service imports represented 10.0% of total imports. Travel services accounted for 49.8%, followed by transport services (19.8%), telecommunications, computer and information services (12.4%), and other business services (8.3%).