Uzbekistan's foreign trade is growing export is decreasing import is increasing

In January-February 2026, Uzbekistan's foreign trade turnover amounted to 11.6 billion dollars. This was reported by Zamin.uz.

This figure is 767 million dollars or 7.1 percent higher compared to the same period in 2025, indicating significant growth in the country's international trade activities. During this period, the export volume amounted to 3.54 billion dollars, which is 23.4 percent less than the previous year.

At the same time, the import volume reached 8.04 billion dollars, increasing by 29.8 percent. As a result, the foreign trade deficit exceeded 4.5 billion dollars.

This indicates a high demand for imports in the country. The decrease in export volume may primarily be due to a reduction in gold exports.

In 2025, Uzbekistan sold 9.9 billion dollars worth of gold, which accounted for 29.3 percent of total exports. Gold trade over the last five years was as follows: 4.9 billion dollars (28.2 percent) in 2019, 5.8 billion dollars (38.3 percent) in 2020, 4.1 billion dollars (24.7 percent) in 2021, 4.1 billion dollars (21.3 percent) in 2022, 8.1 billion dollars (32.8 percent) in 2023, and 7.4 billion dollars (27.8 percent) in 2024.

Thus, gold exports hold an important place in Uzbekistan's foreign trade and their volume varies from year to year. This situation is important for ensuring the stability of the country's economy and increasing foreign currency revenues.

The increase in imports and decrease in exports in the country are leading to a growing trade deficit. This requires the government to take new strategic measures and reconsider foreign trade policy.

This information is important for understanding the state of Uzbekistan's economic environment and assessing opportunities in international trade.