In the first 2M24, Uzbekistan’s textile exports amounted to $519.4 mn, as reported by the State Statistics Agency. The primary components of these exports were finished textile products, accounting for 37.4% of the total, and yarn, making up 47.7%. During this period, a diverse range of 496 textile types were exported to 52 countries worldwide.
The breakdown of the total textile exports is as follows:
- Yarn: $247.8mn
- Finished textile products: $194.4mn
- Knitted fabrics: $42.8mn
- Fabrics: $26.8mn
- Hosiery: $7.7mn
Review of 2023 textile exports
In 11M23, Uzbekistan exported a wide variety of textile goods worth $2.8bn, according to the Statistics Agency under the President of the Republic of Uzbekistan. This figure represents a 3.3% decrease compared to the same period in the previous year. In the first four months of 2023 alone, Uzbekistan exported 21,800 tons of textile products to 16 countries, valued at $102.9 mn.
The composition of the textile exports was predominantly finished textile products, which accounted for 41.3% of the total, and yarn, which constituted 40.7%. The country exported 626 different types of textile products to 63 countries worldwide.
State support and future projections
The Uzbek government has shown significant commitment to the development of the textile industry. The signing of a Presidential Decree aimed at the industry’s development is a testament to this commitment. This decree is expected to transform Uzbekistan into a regional textile hub and increase annual exports to $10 bn by 2027.
The state provided $200 mn for the continuous provision of working capital to enterprises exporting fabric, knitted fabric, and finished sewing and knitwear products. An agreement has been reached to provide 80 enterprises in the industry with this funding, of which more than 20 enterprises have already been approved by banks for the allocation of $30 mn. The remaining enterprises are currently at the stage of approval or consideration.
In addition, as part of the implementation of projects in the production of upholstery, carpet, painting and finishing, ready-made garments and knitwear, credit lines amounting to $100 mn were allocated. 14 projects worth $114 mn have already been developed, with more than 10 enterprises having applied.
Uzbekistan also made strides in establishing an international presence and obtaining international certifications for its products. Representative offices of Control Union, OEKO TEX, Better Cotton, and Better Work have already been launched. These organizations provide international certificates for the products of local enterprises.
Trading houses were established in Nuremberg, Stuttgart, and Barcelona, with the Centrastex Trading House and the Sustainable Cotton Association being notable examples. In total, more than 60 trading houses of industry enterprises have been established in 10 countries worldwide, including Germany, Poland, the USA, Russia, and Lithuania.
The state encourages the creation of trading houses and warehouses by covering 100% of the rental costs for enterprises in the industry. Additionally, the state reimburses up to 70% of transportation costs to exporters for the supply of fabrics, knitted fabrics, and finished garments and knitwear to Europe, Turkey, Egypt, Morocco, North and South America, the Arab Republic, Korea, and Japan.
Earlier, Daryo reported that Uzbekistan set out to establish a school for designers and technologists in the Andijan region, attracting famous brands and retailers, and increasing industry exports to $800mn.
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