The number of foreign-invested companies in Uzbekistan reached 15,450 as of December 1, according to the Statistics Agency. Over the past three months, this figure grew by 888, representing an annual increase of 2,097 companies, or 15.7%. Despite the growth, the total remains slightly below the December 2022 level of 15,497 firms.
Turkey holds third place with 1,922 companies, adding 86 new firms since September, including 49 in October. Kazakhstan follows with 1,098 companies, increasing by 28 over three months. However, at the end of October, this figure had briefly reached 1,102. South Korea rounds out the top five with 690 companies, growing by 20 since September, with 15 added in October.
Other notable contributors include the UAE with 337 companies, Tajikistan with 334, India with 322, the USA with 312, and Kyrgyzstan with 300.
Tashkent hosts the majority of foreign-invested companies, with just over 10,000 registered enterprises. Other regions include Tashkent region with 1,810 firms, Samarkand region with 604, and Surkhandarya region with 496.
In terms of sectors, approximately one-third (5,526 firms) operate in trade, while 3,343 companies are involved in industry. Communications and IT sectors account for just over 1,000 firms.
China remains Uzbekistan’s leading trade partner, accounting for 18.8% of the country’s total foreign trade turnover as of October 2024. Bilateral trade between the two countries totaled $10.2bn, with Uzbekistan exporting $1.7bn worth of goods to China and importing $8.5bn.
Although this marks a slight decline from $10.8bn in 2023, China has held its top position since 2020, supported by strategic agreements such as the Bilateral Investment Treaty (BIT) and the Agreement on Avoidance of Double Taxation (DTA).
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