Trade between Uzbekistan and Georgia has tripled over the past nine years, reaching $267.6mn in 2025, while Georgian investments in Uzbekistan exceeded $40mn last year, highlighting the growing economic partnership between the two countries, according to the Center for Economic Research and Reforms (CERR).
The CERR released an infographic outlining nine years of trade, investment, and economic cooperation between Uzbekistan and Georgia.
The two countries currently operate under a free trade regime, which the center said has created favorable conditions for expanding and diversifying bilateral economic ties.
Trade turnover increased from $89mn in 2017 to $267.6mn in 2025. In 2025, Uzbekistan exported goods and services worth $77.2mn to Georgia, while imports totaled $190.4mn.
Industrial goods accounted for the largest share of Uzbekistan's exports to Georgia at 32.8%, followed by food products (27.8%), services (14.2%), machinery and transport equipment (9.2%), chemical products (7.4%), mineral fuels and lubricants (3.1%), and beverages and tobacco (2.1%).
Georgia's exports to Uzbekistan were dominated by chemical products, which made up 47% of imports, followed by services (21.1%), beverages and tobacco (13.9%), food products (9.8%), miscellaneous manufactured goods (4.7%), and machinery and transport equipment (2%).
Investment cooperation
According to the report, 60 enterprises with Georgian investment were registered in Uzbekistan in 2025, including 31 joint ventures and 29 companies with fully Georgian capital.
One of the most prominent Georgian investors in Uzbekistan is digital lender TBC Bank.
Investment inflows from Georgia exceeded $40.1mn in 2025, while total Georgian investment in Uzbekistan during 2016–2025 surpassed $46mn.
Most Georgian investment has been directed toward manufacturing, wholesale and retail trade, and information and communication technologies.
Future potential
The CERR said Uzbekistan has significant opportunities to expand both the range and volume of exports to the Georgian market.
Products with strong export potential include processed agricultural goods, textiles, leather and footwear products, automobiles, electrical equipment, and chemical products.
The center also noted that Georgia serves as an important link in the Trans-Caspian International Transport Route, or the Middle Corridor, providing Uzbekistan with access to European and Turkish markets.
Earlier this week, Kazakhstan and Georgia elevated their bilateral ties to a strategic partnership, signing cooperation agreements covering culture, tourism, and digital development as bilateral investment surpassed $500mn.
