Uzbekistan, a country rich in natural resources and strategic location, has been making significant strides in diversifying its export portfolio. As global economic dynamics shift, Uzbekistan’s export strategy has evolved to include a mix of traditional and high-tech products.
- Gold: Uzbekistan’s gold exports have surged, reaching USD 6.5 billion in the first five months of 2025, marking a 54.8% increase compared to the previous year. Gold now accounts for almost 44% of the country’s total exports, underscoring its importance in Uzbekistan’s trade.
- Natural Gas: Despite a reduction in imports, Uzbekistan has increased its natural gas exports, particularly to China, with a 62.7% rise to USD 288 million in the first five months of 2025.
- Fruits and Vegetables: The export of fruits and vegetables has seen significant growth, with a 47.9% year-on-year increase, contributing USD 619.6 billion to the export revenue.
- Textiles: Although textile exports have decreased by 18%, they remain a key component of Uzbekistan’s export portfolio, with textile yarn and clothing leading the segment.
- High-Tech Products: High-tech exports have tripled since 2017, with television equipment and electrical devices being major contributors.
- Processed Natural Resources: Exports of processed natural resources, including petroleum products and wheat flour, have increased, reflecting a shift towards value-added products.
Uzbekistan’s export landscape is characterized by a blend of traditional and emerging sectors. Gold remains a dominant export, driven by rising global prices and increased production. The country is also capitalizing on its natural gas reserves, with significant exports to China. Meanwhile, the agricultural sector is thriving, with fruits and vegetables experiencing robust growth. Despite challenges in the textile industry, Uzbekistan is making strides in high-tech exports, indicating a shift towards more diversified and value-added products. This evolution in export strategy is crucial for Uzbekistan’s economic resilience and growth.
In conclusion, Uzbekistan’s export strategy reflects a dynamic approach to global trade, balancing traditional strengths with new opportunities in high-tech and processed goods. As the country navigates geopolitical challenges and economic shifts, its diversified export portfolio will be key to sustaining growth and stability.
Former economist at the World Bank Group and OECD. Currently serving as CEO of DEVELOPTONIA, a company that delivers an AI-powered intelligence platform transforming local data into instant actionable insights.