Uzbekistan’s foreign trade turnover reached $11.6bn in January-February, up $767.4mn, or 7.1%, year on year, according to the national statistical committee.

Exports declined 23.4% y/y to $3.55bn, largely due to a drop in special exports. Imports climbed 29.8% y/y to $8.06bn. The trade deficit was posted at $4.51bn. 

Excluding special exports, goods exports showed steady growth, rising 24.0% y/y to $2.1bn.

China remained Uzbekistan’s largest trading partner, accounting for 27.5% of total turnover. Trade with China rose to $3.19bn in 2M26 from $2.08bn in the same period of 2025 and $2.13bn in 2024.

Russia was the second largest trading partner. Trade with Russia in the two months totalled $2.12bn, up from $1.62bn in 2025 and $1.77bn in 2024.

Turnover with Kazakhstan totalled $837.5mn, rising from $660.4mn a year earlier and $581mn in 2024. Other major trade partners included Turkey (3.6% of trade) and South Korea (2.7% of trade). 

Uzbekistan traded with 160 countries during the assessed period.

Goods made up 59.1% of total exports, with industrial goods accounting for 18.1%, food products and live animals 9.9%, chemicals and similar products 9.6% and various finished goods 8.5%.

The main export partners were Russia (19.2%), China (10.8%), Afghanistan (8.2%), France (6.0%), Kazakhstan (4.5%), Turkey (4.3%), the Kyrgyz Republic (2.9%), the UAE (2.8%) and Tajikistan (2.7%). Together, these countries accounted for 60% of total exports.

Uzbekistan did not export any non-monetary gold in January-February, compared to $1.73bn exported a year earlier. Gold imports stayed low at $11.7mn.

Exports of fruit and vegetable shipments reached 219,900 tonnes, representing a 14.0% y/y increase. In value terms, the sector generated $207.3mn, up 18.4% y/y and accounting for 5.8% of total exports.

Textile exports totalled $466.6mn, or 13.2% of total exports, up 15.5% from a year earlier. Finished textiles accounted for 52.2% of the total, while yarn made up 30.3%.

Service exports reached $1.45bn on a 25.1% y/y increase. They accounted for 40.9% of total exports. Travel and tourism contributed 45.7%, transport 36.7%, IT and telecommunications 10.8% and other business services 2.2%.

In energy trade, exports of mineral fuels fell 16.4% y/y to $124.4mn and represented 3.5% of exports. 

Oil and petroleum product exports rose 13.6% to $81.8mn, while natural gas exports dropped to $7.1mn and electricity exports stood at $34.7mn.

In contrast, fuel imports surged 61.3% y/y to $670.8mn, making up 8.3% of total imports, driven by $404.5mn in oil products, including $341.1mn in gasoline. 

Gas imports reached $202.2mn, increasing more than fourfold compared to the same period last year.

Uzbekistan imported goods and services worth $8.06bn during the period, up 29.8% y/y. The largest import categories were machinery and transport equipment (36.1%), industrial goods (14.3%) and chemicals (11.9%).

Goods imports increased by $1.70bn to $7.21bn, while service imports totalled $844.0mn, or 10.5% of total imports, up 21.1% y/y.

The bulk of imports came from China (34.9%), Russia (17.9%), Kazakhstan (8.4%), South Korea (3.8%), Turkey (3.2%), Germany (2.3%) and India (2.2%). 

Service imports were dominated by travel and tourism (53.5%), followed by transport (19.1%), IT and telecommunications (10.4%) and other business services (9.3%).

In January, foreign trade rose 29.2% y/y to $5.8bn. Exports increased 26.7% to $1.69bn on higher sales of industrial goods, food, chemicals and services, while imports grew 30.3% to $4.14bn.

In 2025, Uzbekistan’s foreign trade turnover grew by 20.7% y/y to $81.2bn. Exports increased by 24% to $33.8bn, while imports rose 18.5% to $47.4bn, leading to a trade deficit of $13.5bn.