Uzbekistan reduced gold exports by 4.3 times, but increased exports of services and industrial goods

Uzbekistan reduced gold exports by 4.3 times, but increased exports of services and industrial products.

According to preliminary data from the National Statistics Committee, in January-June 2026, Uzbekistan's foreign trade turnover amounted to $41 billion, an increase of 7.4% compared to the same period last year.

Exports decreased by 8.8% to $15.86 billion, while imports increased by 21% to $25.15 billion. As a result, the negative indicator of the foreign trade balance reached $9.29 billion from $3.38 billion a year earlier, an increase of almost 2.7 times.

Excluding gold, exports of goods amounted to $8.2 billion, an increase of 28.7% year-on-year.

One of the main reasons for the overall decline in exports was a significant reduction in non-monetary gold supplies.

In January-June, Uzbekistan exported gold worth $1.5 billion, while in the same period of 2025 this figure amounted to $6.49 billion. Thus, the volume of gold exports decreased by 4.3 times.

The share of gold in total exports decreased from 37.3% to 9.5%.

At the same time, the composition of exports also changed: the share of services increased from 26.3% to 39.1%, industrial goods - from 11.3% to 15.2%, chemical products - from 5.6% to 8.1%, various finished goods - from 4% to 8.6%.

In January-June, the largest component of exports was services. Their volume increased by 35.7% - from $ 4.57 billion to $ 6.2 billion.

Services accounted for 39.1% of total exports. More than half of them - 52.9% - were travel (tourism, about $ 3.3 billion), another 31.6% - transport services ($ 1.96 billion), 8.8% - telecommunications, computer and information services ($ 545.3 million), 3% - other business services.

Exports of industrial goods increased by 22.8% - $ 2.41 billion. Within this group, exports of textile yarn, fabrics and finished products amounted to $ 975.9 million (+ 20.7%), non-ferrous metals - $ 882 million (+ 12.7%), and products made of non-ferrous minerals - $ 175.2 million (+ 35.6%).

Exports of various manufactured goods almost doubled - from $700 million to $1.36 billion (+94.9%). In particular, the supply of clothing and accessories for clothing increased by 31.4% to $629.9 million.

The supply of machinery and transport equipment increased by 32.3% to $632.9 million. Exports of other transport equipment increased by 64.2%, energy-generating machinery - by 27.7%, and communication and sound recording equipment - by four times. At the same time, exports of cars decreased by 5.4%.

Exports of chemicals and similar products increased by 31.7% over the first half of the year to $1.28 billion.

The main part was accounted for by inorganic chemicals - $789.1 million (+45.5%). Fertilizer exports remained almost at the same level as last year - $207.8 million, while exports of primary plastics increased by 19.2% to $138.9 million.

Exports of food products and live animals increased by 9% to $1.32 billion, and their share in total exports increased from 7% to 8.3%.

In January-June, Uzbekistan exported 1.087 million tons of fruit and vegetable products - 0.8% more than a year earlier.

In monetary terms, exports of fruits and vegetables increased by 3% - from $847.1 million to $872.9 million. Their share in total exports was 5.5%.

At the same time, the indicators for individual types of products differed significantly. Fruit exports decreased in physical terms from 198.2 thousand tons to 158.5 thousand tons (–20%), and in monetary terms from 250.4 million dollars to 240.6 million dollars (–3.9%).

Cherry deliveries decreased from 71.9 million dollars to 59.9 million dollars (–16.7%), apricots – from 40.7 million dollars to 30.5 million dollars (–25.1%). At the same time, dried apricot exports increased from 13 million dollars to 25.2 million dollars (+93.8%).

Vegetable exports increased from 156.5 million dollars to 190.3 million dollars (+21.6%). In particular, onion exports increased from $73.7 million to $82.1 million (+11.4%), cabbage - from $48.5 million to $53.8 million (+10.9%), tomatoes - from $23.5 million to $33.8 million (+43.8%).

According to the results of the first six months, textile exports reached $1.6 billion, an increase of 24.1% compared to the same period last year.

Textiles accounted for 10.1% of total exports. The main share in its composition was occupied by finished textile products - 52.6% and yarn - 31.1%.

Uzbekistan's imports increased by 21% in January-June - from $20.78 billion to $25.15 billion.

Imports of goods increased by about $4 billion to $22.2 billion, while imports of services amounted to about $3 billion.

Machinery and transport equipment still remain the largest component of imports. Their deliveries increased by 25.1 percent to $8.25 billion, and their share in total imports increased from 31.8 percent to 32.8 percent.

Within this category, imports of automobiles and other transport equipment reached $2 billion (+31.7 percent). In particular, imports of passenger cars increased by 84.5 percent to $778.3 million, and imports of automotive parts and accessories increased by 12.7 percent to $904.3 million.

Imports of electrical machinery and equipment increased by 44.4 percent to $1.38 billion, energy-generating machinery by 56 percent to $839.7 million. Deliveries of telecommunications equipment almost doubled to $840.9 million.

Among the major categories, imports of food and live animals grew at the highest rate – by 44.2 percent to $2.82 billion. Their share in total imports increased from 9.4 percent to 11.2 percent.

Imports of cereals and cereal products increased by 67.3 percent to $761.1 million, meat and meat products – by 480.8 million (+42.1%), sugar, sugar products and honey – by 362.7 million (+48.6%).

Deliveries of vegetables and fruits increased to $325.7 million (+35.6%), dairy products and eggs - to $203.9 million (+38.8%).

Imports of mineral fuels, lubricating oils and similar materials increased by 19.3% to $2.23 billion.

In particular, imports of oil and oil products reached $1.11 billion (+8.1%), and imports of natural and artificial gas reached $971.7 million (+41.4%). Imports of propane increased by 3.6 times to $86.3 million.

Imports of gasoline increased by 78.5% to $409.5 million, while imports of diesel fuel decreased by 11.1% to $228.9 million.

Imports of electricity decreased by 15.6% to $55.1 million, while exports reached $116.2 million (+13.4%).