Uzbekistan’s foreign trade turnover reaches US$33.81 billion in 2018
22/01/2019 15:10
Uzbekistan’s foreign trade turnover reaches US$33.81 billion in 2018
22/01/2019 15:10
Tashkent, Uzbekistan (UzDaily.com) -- In January-December 2018, Uzbekistan’s foreign trade turnover made up US$33.81 billion and increased by 27.3% compared to the same period of last year, the State Statistics Committee of Uzbekistan said.
Exports amounted to US$14.25 billion (growth rate - 13.6%), import volume - US$19.55 billion (growth rate - 39.6%). The balance of foreign trade was minus US$5.29 billion.
It should be noted that in December 2018, exports of goods and services increased by US$1.93 billion compared with November, the volume of imports of goods and services also increased by US$392.5 million.
The order of the states with the largest share in the commodity turnover of the republic for January-December 2018 remained unchanged, as in the previous months of the reporting year.
In January-December 2018, the number of enterprises engaged in export of goods, compared with the same period of last year, increased by 446 and their total number reached 3509 units.
Analysis of the dynamics of foreign trade turnover also showed an increase, and in the fourth quarter of 2018 made up US$10.67 billion, which compared to the same period of last year increased by US$3.76 billion.
As a result of measures taken by the Government of the Republic to strengthen cooperation with the CIS countries and comprehensive support for foreign trade, the share of CIS countries in foreign trade in January-December 2018 reached 36.8% and, compared to the same period of last year, the growth rate of foreign trade turnover reached 36.9%.
The share of other countries in foreign trade turnover in January-December 2018 decreased by 2.6% compared to the same period of last year and amounted to 63.2%.
The volume of exports of the Republic of Uzbekistan in January-December 2018 amounted to US$14.25 billion (an increase of 13.6% compared to the same period of last year). The share of goods in the composition of exports reached 78.7%, of which energy carriers and petroleum products - 18.7%, food products - 7.7%, ferrous and non-ferrous metals - 8.2%.
Analysis of the growth rate of exports of goods and services in December 2018 showed an increase of 3 times compared with November 2018.
Analysis of the dynamics of exports of goods and services also showed that in December 2018, compared with November 2018, the volume of exports of goods increased by US$1.92 billion and amounted to US$2.66 billion. The export of services reached US$254.7 million.
Analysis of the structure of exported goods and services in January-December 2018 also showed that, compared with the corresponding period of last year, there were no significant changes, but it should be noted that the share of exports of certain types of goods and services in total exports in January-December 2018 increased compared with the corresponding period of last year.
China and Russia occupy the largest share in the export of goods and services of the Republic of Uzbekistan. The share of these countries in total exports is 35.5%
The commodities exported to China and Russia include the group of energy carriers and petroleum products, chemical products and products from it, as well as food products.
In January-December 2018, the share of cotton fiber in total exports (1.6%), compared with the same period of last year, has decreased significantly. During this period, 115.6 thousand tonnes of cotton fiber were exported in the amount of US$222.1 million.
Analysis of the trend in the share of cotton fiber in total exports showed that in January-December 2015, the share of exports of cotton fiber amounted to 5.9% of its total volume, while 503,800 tonnes of raw materials were exported.
In January-December 2016, 416,000 tonnes of cotton fiber were exported. According to the results of January-December 2017, its share in total exports decreased to 3.8% and, in general, 278,900 tonnes of raw materials were exported.
The volume of export services in January-December 2018 made up US$3.03 billion, or 21.3% of its total volume, and increased, compared to the same period of last year, by 22.4%. As part of the export of services, the lion’s share is taken up by transportation services, tourism, as well as telecommunication, information, computer and financial services.
The volume of exports of fruits and vegetables amounted to more than 1.23 million tonnes and reached US$874.5 million (growth rate - 37.5%).
Of the fruits and vegetables, more than 670,100 tonnes of vegetables were exported (physical growth increased by 84.0%) in the amount of US$307.6 million, fruits and berries – 307,600 tonnes (physical volume increased by 108.1% ) in the amount of US$357.7 million (growth rates in terms of value, compared to the same period of last year, were 41.3% and 40.6%, respectively).
It is noteworthy that as a result of the expansion of the country’s export potential and the development of new markets, exports of fruit and vegetables, grapes, melons, legumes, as well as dried vegetables and fruits, are growing.
In January-December 2018, exports of fruits and berries, as well as vegetables, reached US$665.3 million (40.9% more than during the same period of last year).
In January-December 2018, exports of textile products amounted to US$1.6 billion and increased, compared to the same period in 2017, by 41.4%, which is 11.2% of its total volume. Of the export structure of textile products, the main share is cotton yarn (45.3%), as well as finished knitwear and garments (36.5%). Since the beginning of the year, more than 348 types of goods have been exported to 57 countries of the world.
In January-December 2018, the volume of imports in the Republic of Uzbekistan amounted to US$19.55 billion (growth rate - 39.6%). In the structure of imports, the main share is occupied by machinery and equipment (42.5%), chemical products and products from it (13.1%), as well as ferrous and non-ferrous metals (9.1%).
Analysis of the growth rate of imports of goods and services in December 2018 showed an increase compared with November 2018 and amounted to 21.5%.
At the same time, it should be noted that over the past period of 2018 in December, the volume of imports was more than in the other months. In December 2018, the volume of imports of goods and services amounted to US$2.21 billion.
In January-December 2018, goods and services from 159 countries were imported into the republic.
The volume of imports of services in January-December 2018 amounted to US$2.24 billion, or 11.5% of total imports and increased, compared to the same period of last year, by 13.4%. Transport services, tourism, as well as telecommunication, information, computer, construction and financial services, account for the bulk of services imports.
In January-December 2018, the volume of imports of construction materials reached US$1.18 billion and increased, compared to the same period in 2017, by 23.3%. The share of imports of building materials in the total volume is 6.1%.
In the structure of imports of building materials, the main share is occupied by cement (14.9%), wood and products from it (52.1%), asbestos (4.0%), as well as glass and products from it (5.1%).
The growth in imports of construction materials is due to large-scale construction and reconstruction work in the country.
In January-December 2018, in the structure of imports, the volume of machinery and equipment reached US$8.32 billion and increased, as compared with the same period of last year, by 64.6%, the share in the total import volume was 42.6%.
The volume of imports of cars and special equipment increased 2.5 times and amounted to US$426.8 million, imports of excavators and bulldozers increased 2.9 times and reached US$306.3 million.
The increasing volume of imports of machinery and equipment is a reflection of industrialization policies, as well as an active policy to support foreign direct investment in the creation, modernization and increase in production capacity.
25/04/2024Read more
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |