Reforms aimed at producing finished goods instead of raw cotton have driven a notable increase in textile exports of Uzbekistan. From January to April 2024, textile exports reached to over $1 bn, up 1.4% from the same period in 2023, Statistics agency informed.
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The adoption of new production technologies and modern equipment, alongside a quality management system, has enhanced labor productivity, allowing Uzbekistan’s finished products to secure a place in global markets.
On the import side, industrial goods reached $1,969.7 mn from January to April 2024, a 7.8% increase compared to the same period in 2023. Key imports included iron and steel ($914.3 mn), metal products ($271.8 mn), and textile materials ($171.5 mn), reflecting a robust industrial demand.
Key Export Partners
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Uzbekistan's main industrial export partners from January to March 2024 include:
- Russia: $762.1 mn (38.7%)
- China: $596.5 mn (30.3%)
- Kazakhstan: $203.3 mn (10.3%)
- Türkiye: $106.6 mn (5.4%)
- South Korea: $53.1 mn (2.7%)
Over the past seven years, Uzbekistan's textile production has grown 4.2 times, with over 6,000 enterprises employing around 570,000 people. This growth is driven by investments and new technologies. In 2023, the sector's production value reached $8.2 bn, and exports hit $3.1 bn, entering three new markets and expanding to 83 countries. The country aims to produce $15 bn worth of textile products and create 500,000 new jobs, benefiting from cheaper yarn prices. Financial support includes $50 mn allocated in 2023 and an additional $100 mn planned in 2024.
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