Infographics: Trade of Uzbekistan with the EAEU

Infographics: Trade of Uzbekistan with the EAEU

The foreign trade turnover of the Republic of Uzbekistan with the EAEU countries amounted to 10.1 bln. US dollars. Of these, the volume of exports amounted to 3.3 bln. US dollars, and the volume of imports - 6.8 bln. US dollars.

More than 58% of EAEU trade with Uzbekistan falls on Russia, about 31% - on Kazakhstan, about 8% - on Kyrgyzstan, about 3% - on Belarus.

In December 2020, Uzbekistan received observer status with the Eurasian Economic Union. With this association, the closest trade and economic ties have been established and further integration with the EAEU will make it possible to strengthen them even more.

The trade turnover of the countries of the Eurasian Union with the Republic of Uzbekistan amounted to about $10 billion in 2020. The share of the EAEU countries accounts for 30-31% of the total merchandise exports of Uzbekistan.

In 2019, Uzbekistan exported a total of $9.42 billion worth of goods, of which $2.83 billion worth of goods were supplied to the EAEU.

According to the MIFT, the trade turnover between Uzbekistan and the EAEU countries has increased by 75% over four years.

Traditionally, Uzbekistan exports textiles, products of the metallurgical and chemical industries, as well as food, primarily fruits and vegetables. Building materials, chemical industries, as well as processed food products, including dairy and meat products, are supplied to the republic from the EAEU.

With further integration into the EAEU, Uzbekistan will receive more favorable conditions when entering foreign markets, in particular when trading with Vietnam, Iran, Serbia and Singapore.

A study to assess the impact of Uzbekistan's accession to the EAEU was presented at 14 universities in the country. The results of the study were published on the website of the journal "Economic Review", which contains infographics and analytical articles on this study.

In particular, CERR experts mentioned about how joining the EAEU will affect agriculture, the transport sector, the automotive industry, the textile and footwear industries.

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