Uzbekistan’s foreign trade turnover (FTT) reached $65.9 billion in 2024, reflecting an increase of $2.4 billion, or 3.8%, compared to the previous year, according to the Statistics Agency under the President of the Republic of Uzbekistan.
Exports totaled $26.95 billion, an 8.4% increase year-on-year, while imports amounted to $38.99 billion, representing a modest rise of 0.8%.
China and Russia remain Uzbekistan’s top trading partners, with Kazakhstan emerging as a key partner in third place. Uzbekistan conducts trade with 198 countries, with China accounting for 18.9% of its FTT, followed by Russia (17.6%), Kazakhstan (6.5%), Turkey (4.5%), and South Korea (3.0%).
Trade with state members of the Eurasian Economic Union (EAEU) reached $17.5 billion in 2024. Of this, $5.83 billion came from exports, while imports amounted to $11.66 billion.
In 2024, natural gas trade played a significant role in Uzbekistan’s foreign trade activities. The country exported $628 million worth of gas but imported $1.68 billion worth, more than 2.5 times the value of its exports. Gas imports rose sharply, increasing 2.4 times compared to 2023. Purchases of natural gas from Turkmenistan and Russia surged from $694.9 million in 2023 to $1.68 billion in 2024.