Uzbekistan’s foreign trade turnover reaches $26.3bn in Jan–Apr 2026, up 5.8% y/y

Uzbekistan’s export performance declined in January–April 2026, falling 16.8% year-on-year to $9.97bn, while imports increased 26.7% to $16.36bn, leaving the trade balance in a $6.38bn deficit, though goods exports excluding gold rose strongly by 28.7% to $5.01bn.

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Uzbekistan’s foreign trade turnover (FTT) totaled $26.33bn in January–April 2026, increasing by $1.44bn, or 5.8%, year-on-year compared to the same period in 2025.

Exports declined to $9.97bn, down 16.8% y/y, while imports rose 26.7% y/y to $16.36bn. As a result, the trade balance remained in deficit at –$6.38bn. Excluding gold, goods exports demonstrated steady growth, rising 28.7% y/y to $5.01bn.

Key trade partners

Uzbekistan maintained trade relations with more than 175 countries during January–April 2026. China, Russia, and Kazakhstan remained the country’s leading trading partners.

Trade turnover with China reached $6.23bn, up from $4.17bn in 2025 and $3.96bn in 2024, accounting for 23.6% of total FTT. Russia followed with $4.52bn, compared to $3.79bn last year and $3.82bn in 2024, representing 17.2% of total turnover. Trade with Kazakhstan amounted to $1.81bn, up from $1.39bn in 2025 and $1.22bn in 2024, making up 6.9% of total FTT. Other major partners included Turkiye (3.5%) and Afghanistan (2.8%).

On the export side, Russia remained Uzbekistan’s largest destination, accounting for 14.5% of total exports, followed by China (9.2%), Afghanistan (6.5%), France (5.0%), Kazakhstan (4.3%), Turkiye (3.6%), the UAE (2.7%), Kyrgyz Republic (2.5%), and Tajikistan (2.1%). Together, these countries accounted for more than 50.0% of total exports.

Source: Daryo

Sectoral insights

Sectoral data indicated growth in agriculture, textiles, and services despite the overall decline in exports.

Exports of fruit and vegetable products reached 489.5 thousand tons, up 5.6% y/y. In value terms, shipments totaled $454.5mn, an increase of 9.5% compared to the same period in 2025, accounting for 4.6% of total exports.

Textile exports amounted to $1.01bn, accounting for 10.1% of total exports, up 20.2% y/y. Finished textile products made up 50.5% of textile exports, while yarn accounted for 32.5%.

Service exports increased 32.6% y/y to $3.46bn, representing 34.7% of total exports. Travel services dominated with 47.8%, followed by transport services (36.1%), telecommunications, computer and information services (10.1%), and other business services (2.1%).

Uzbekistan exported $1.50bn worth of non-monetary gold during the reporting period, compared to $5.48bn in the same period last year.

In the overall export structure, goods accounted for 65.3% of total exports, including industrial goods (15.0%), chemical products (8.1%), various finished goods (7.9%), and food products and live animals (7.5%).

Trade in mineral fuels showed continued growth. Exports of fuel and energy products increased 2.2% y/y to $447.5mn, while imports rose 25.8% to $1.44bn.

Import structure

Imports totaled $16.36bn in January–April 2026. Goods imports increased by $3.23bn y/y to $14.73bn, while service imports rose 15.5% y/y to $1.63bn.

Machinery and transport equipment dominated the import structure with a 33.7% share, followed by industrial goods (15.3%) and chemical products (12.4%).

Uzbekistan imported goods and services from more than 150 countries during the period. The main suppliers were China (32.4%), Russia (18.8%), Kazakhstan (8.5%), the Republic of Korea (3.8%), Turkiye (3.4%), India (2.3%), and the UAE (2.2%). These countries accounted for more than 70% of total imports.

Service imports represented 10.0% of total imports. Travel services accounted for 46.4%, followed by transport services (21.9%), telecommunications, computer and information services (11.3%), and other business services (9.6%).

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