Infographic: Foreign Trade of Uzbekistan with ECO countries for January-October 2021

Infographic: Foreign Trade of Uzbekistan with ECO countries for January-October 2021

Currently, ECO consists of 10 member states. In addition to Uzbekistan, ECO includes Turkey, Iran, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Azerbaijan and Afghanistan.

The foreign trade of Uzbekistan with the ECO countries is showing an upward trend, making up a significant share in the total trade and characterized by balance.

The ECO countries are among the main trade partners of Uzbekistan, in 2019 the trade turnover accounted for almost USD 9 billion, but it decreased to USD 8.3 billion in 2020.

In the first 10 months of 2021, compared to the same period in 2020, the trade turnover of Uzbekistan with the ECO countries increased by 35.5% from USD 6.5 billion to USD 8.8 billion while the share of ECO countries in the total trade turnover increased from 21.5% to 27%.

The ECO countries are also among the main trade partners for the export of Uzbekistan. At the end of 10 months of 2021, almost 35% of the total exports of Uzbekistan were supplied to the ECO countries.

The total foreign trade turnover of the ECO member countries in 2019 exceeded USD 900 billion whereas it decreased by 40% making up USD 542 billion in 2020.

For reference: ECO was founded in 1985 and is the legal successor of the Organization for Regional Cooperation and Development. ECO operates on the basis of the regulations - the Izmir Treaty, signed by the three founding countries - Iran, Pakistan and Turkey in March 1977. Until the beginning of 1992, cooperation within the ECO was predominantly bilateral in nature. Since 1992, the activities of the Organization have significantly intensified in connection with the accession of 7 new states - Kyrgyzstan, Azerbaijan, Afghanistan, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan. The official language of ECO is English.


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