Oil and gas remains Uzbekistan’s largest export item

TASHKENT (TCA) — Energy sources and oil products accounted for the largest part (25.9 percent) of Uzbekistan’s exports in 2015. Their share in exports remained unchanged compared to 2014, Novosti Uzbekistana news agency reported with reference to the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan.

Services (mainly in air, motor, and railway transportation) accounted for 24.5 percent of Uzbekistan’s export last year.  

Food products accounted for 10.2 percent of the country’s export last year, compared to 11.9 percent in 2014. According to official forecasts, the share of food products in the country’s exports will significantly increase this year, as Uzbekistan plans to export more than 1.4 million tons of fruit and vegetables compared to 600 thousand tons last year.   

Statistics registered a decrease in the export of cotton from 7.4 percent in 2014 down to 5.7 percent last year. Uzbekistan’s program to modernize the cotton industry plans to increase domestic cotton processing from 44 percent in 2015 up to 70 percent in 2020, and an increase in the export of textile products from $800 million up to $1.5 billion in monetary terms.     

The share of ferrous and non-ferrous metals in Uzbekistan’s total exports last year was 6.4 percent compared to 6.9 percent in 2014.

Despite the fact that last year the export of Uzbek machinery and equipment lowered to 1.2 percent of the total compared to 3.9 percent in 2014, the country pins big hopes on the export of motor vehicles from Uzbekistan this year.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
divider
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

View more articles fromTCA