Uzbekistan’s foreign trade turnover (FTT) reached $41.01bn in January–June 2026, increasing by $2.83bn, or 7.4%, year-on-year compared to the same period in 2025.
Exports declined to $15.86bn, down 8.8% y/y, while imports increased 21.0% y/y to $25.15bn. As a result, the trade balance remained in deficit at –$9.29bn. Excluding gold, merchandise exports demonstrated steady growth, rising 28.7% y/y to $8.2bn.
Key trade partners
Uzbekistan maintained trade relations with more than 195 countries during January–June 2026. China, Russia and Kazakhstan remained the country's leading trading partners.
Trade turnover with China reached $9.47bn, up from $6.85bn in 2025 and $5.89bn in 2024, accounting for 23.1% of total FTT. Russia followed with $7.01bn, compared to $6.06bn last year and $5.73bn in 2024, representing 17.1% of total turnover.
Trade with Kazakhstan amounted to $2.78bn, up from $2.21bn in 2025 and $1.91bn in 2024, making up 6.8% of total FTT. Other major partners included Turkiye (3.4%) and Afghanistan (2.6%).
On the export side, Russia remained Uzbekistan's largest destination, accounting for 14.9% of total exports, followed by China (9.0%), Afghanistan (6.1%), Kazakhstan (4.5%), France (4.5%), Hong Kong (3.4%), Turkiye (3.3%), the Kyrgyz Republic (2.9%) and the UAE (2.2%). Collectively, these markets represented over 50% of total exports.
Sectoral insights
Sectoral data indicated continued growth in agriculture, textiles and services despite the overall decline in exports.
Exports of fruit and vegetable products stood at 1.09mn tonnes, up 0.8% y/y. In value terms, shipments totalled $872.9mn, up 3.0% from the same period in 2025 and accounting for 5.5% of total exports.
Textile exports amounted to $1.6bn, accounting for 10.1% of total exports, up 24.1% y/y. More than half of textile exports consisted of finished products (52.6%), while yarn contributed 31.1%.
Service exports increased 35.7% y/y to $6.2bn, representing 39.1% of total exports. Travel services represented the largest share at 52.9%, ahead of transport services (31.6%), telecommunications, computer and information services (8.8%), and other business services (3.0%).
Uzbekistan exported $1.50bn worth of non-monetary gold during the reporting period, compared with $6.49bn in January–June 2025.
In the overall export structure, goods accounted for 60.9% of total exports, including manufactured goods (15.2%), miscellaneous manufactured articles (8.6%), food and live animals (8.3%), and chemical products (8.1%).
Trade in mineral fuels continued to grow. Exports of fuel and energy products increased 5.6% y/y to $772.8mn, while imports rose 19.3% to $2.23bn.
Import structure
Imports totalled $25.15bn in January–June 2026. Goods imports increased by $4.0bn y/y to $22.2bn, while service imports reached $3.0bn.
Machinery and transport equipment dominated the import structure with a 32.8% share, followed by manufactured goods (14.8%) and chemical products (12.1%).
Uzbekistan imported goods and services from more than 155 countries during the period. The main suppliers were China (32.0%), Russia (18.5%), Kazakhstan (8.2%), the Republic of Korea (3.6%), Turkiye (3.5%), Germany (2.1%), and India (2.0%). Together, these countries accounted for more than 70% of total imports.
Service imports represented 11.8% of total imports. Travel services accounted for 43.8%, followed by transport services (27.5%), other business services (10.0%), and telecommunications, computer and information services (9.0%).
