Tashkent, Uzbekistan (UzDaily.com) -- The current account in the first half of 2022 formed a deficit of $830 million (US$3.3 billion in the first half of 2021). At the same time, the negative balance (US$6.5 billion) of the trade balance (goods and services) was partially offset by the positive balance of primary and secondary income (US$5.7 billion). This was stated by the press service of the Central Bank of Uzbekistan.

The negative balance of the financial account amounted to US$52.5 million (US$3.7 billion in the first half of 2021). Liabilities on direct and other investments increased by US$895 million and US$3.2 billion, respectively; in terms of assets, operations related to foreign exchange and deposits, and international reserve assets increased by US$3.4 billion and US$285.2 million respectively.

The net growth of foreign direct investment in the Republic of Uzbekistan amounted to US$895.4 million (US$$1.3 billion in the first half of 2021). At the same time, the increase in net investment in capital (excluding PSA operations) was US$362.8 million, the increase in debt from parent companies was US$505.6 million, the repatriation of investments from enterprises operating on the basis of production sharing agreements by US$325.1 million.

Net liabilities on portfolio investments in the first half of 2022 amounted to US$6.9 million.

The net investment position of the Republic of Uzbekistan increased by 9% or US$1.6 billion compared to the beginning of the year and as of 1 July amounted to US$18.5 billion. At the same time, the country’s foreign currency assets amounted to US$74.7 billion, and the volume of external liabilities is US$56.3 billion.