Based on operational data from the Tax Committee, Customs Committee, the Central Bank, and the Uzbek Republican Commodity Exchange, the Center for Economic Research and Reforms (CERR) conducts regular monitoring of regional business activity in the Republic of Uzbekistan.
In February of the current year, tax revenues demonstrated a stable upward trend, increasing by 31.8% compared to the same period last year.
The most notable increases in revenues were recorded in Navoi, Syrdarya, Khorezm, and Kashkadarya regions, as well as in Tashkent city, where growth rates averaged around 33%.
Customs revenues rose by 22.7%. The highest growth rates were observed in Navoi (78%) and Namangan (55.4%) regions.
A stable positive trend was also recorded in Fergana and Samarkand regions, the Republic of Karakalpakstan, and Tashkent city, where revenues increased by an average of 35%.
According to the analysis of foreign economic indicators, merchandise exports increased by 26.1%. The most significant growth in exports was observed in Samarkand (95.5%) and Tashkent (61.6%) regions.
At the same time, a notable increase in lending activity was recorded. Over the reporting period, the volume of loans issued by commercial banks grew by 4.8%. The highest growth was observed in Samarkand region (+70.3%). In Bukhara, Namangan, Khorezm, and Fergana regions, lending growth averaged 51%.
The volume of transactions on the Uzbek Republican Commodity Exchange increased by 40.6%. Growth in exchange activity was recorded in most regions of the country, particularly in Khorezm region, where activity rose by 99.6%. Strong growth was also observed in Syrdarya, Bukhara, Jizzakh, and Navoi regions, averaging over 60%.
Sultonmurod Ozodov, CERR
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