A free trade regime is in force in bilateral trade between Uzbekistan and Russia. The two countries have also signed Agreements on the Avoidance of Double Taxation on Income and Property, as well as on the Promotion and Mutual Protection of Investments.
Over the period 2017–2025, trade turnover between Uzbekistan and Russia increased 2.7-fold, reaching $13 bn. Uzbekistan’s exports to Russia amounted to $4.4 bn, while imports from Russia reached $8.6 bn.
In the structure of Uzbekistan’s exports to Russia, industrial goods account for the largest share at 28.5%. A significant portion of supplies also consists of food products at 22.6%, manufactured goods at 19.1%, and services at 20.4%.
Imports from Russia are dominated by industrial goods at 27.7% and mineral fuels at 27.5%. Food products also account for a substantial share at 12.7%, while services make up 4.1%.
As of May 1, 2026, there are 3,308 enterprises with Russian capital operating in Uzbekistan, including 909 joint ventures and 2,399 foreign enterprises.
The volume of foreign direct investment and loans from Russia into Uzbekistan’s economy amounted to $2.6 bn in 2025.
Overall, during 2017–2025, the cumulative volume of direct investments and loans attracted from Russia reached $18 bn.
CERR Public Relations Sector
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