The difference between imports and exports reached $ 2.9 billion.

June 20, 2019, 4:35

China remains the main trading partner, accounting for $ 3.2 billion out of $ 15.7 billion.

Uzbekistan's foreign trade turnover in January-May 2019 amounted to $ 15.7 billion and grew by $ 3 billion (23.7%) compared with the same period last year, the State Statistics Committee said in a report. Export amounted to $ 6.4 billion (growth rate - 14.1%), import - $ 9.3 billion (growth rate - 31.3%). Foreign trade balance amounted to $ 2.9 billion with minus.

The main trading partner remains China, which accounted for $ 3.2 billion ($ 1.4 billion in exports and $ 1.8 billion in imports). In second place is Russia - $ 2.4 billion ($ 928.2 million export and $ 1.5 billion import), the third - Kazakhstan ($ 1.3 billion, of which $ 516 million export, $ 841.9 million - import).

The share of goods in exports amounted to 80.7%, of which energy and oil products - 18.9%, textiles and textile products - 10.2%, food products - 9.4%, ferrous metals and products from them - 1, 9%, non-ferrous metals and products from them - 6.3%. Service exports reached $ 1.2 billion.

As for imports, the bulk of its structure is occupied by machinery and equipment, including parts and accessories (43.4%), chemical products and products from it (13.6%), as well as ferrous metals and products from them (7, 7%). Imports of goods amounted to $ 8.4 billion, services - $ 883.9 million.

Earlier, Zafar Khashimov explained why growing imports are good for the economy of Uzbekistan.

Firstly, it shows that import, after liberalization of foreign exchange regulation and reduction of duties, began to go out of the shadows.

Secondly, it is known that growing imports always lead to an increase in exports, and in this race, with the course taken on the export orientation of the economy, imports always outstrip exports.

 

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