For the period of January-May 2024, Uzbekistan exported textile products worth $1.29bn, representing 11.8% of the total export volume. This figure marks a 0.5% increase compared to the same period in 2023. The increase in textile exports is a direct result of reforms aimed at shifting from raw cotton production to finished goods, thereby adding more value, Statistics Agency disclosed.
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A closer look at the export structure reveals that yarn constitutes the largest share at 46.8%, followed by finished textile products at 37.6%. In this period, Uzbekistan exported 496 types of textile products to 55 countries.
The export values for specific categories for January-May 2024 are as follows:
- Total Textile Exports: $1.29bn (up from $1.28bn in 2023)
- Knitted Products: $119mn (down from $136mn)
- Yarn: $602mn (up from$ 529mn)
- Fabrics: $64mn (down from $74mn)
- Finished Textile Products: $483mn (down from $517mn)
- Socks and Canvas Products: $18mn (down from $23mn)
This growth in exports is attributed to the adoption of new production technologies, modern equipment, and the implementation of quality management systems.
In 4M24, extile exports exceeded $1bn, marking a 1.4% increase compared to the same period in 2023. From January to May 2024, Uzbekistan's textile exports totaled $1.29bn. Therefore, the textile exports increased by 29% from January-April 2024 to January-May 2024.
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