On March 4-5 of this year, the Prime Minister of Georgia, Irakli Kobakhidze, is on an official visit to Uzbekistan.
Uzbekistan and Georgia signed a Free Trade Agreement in 1995.
Trade and economic cooperation between the two countries has shown positive growth and holds significant untapped potential for further development.
From 2017 to 2024, trade turnover between Uzbekistan and Georgia increased 3.7 times, rising from $89.1 million (2017) to $325.7 million (2024). In 2024 alone, trade turnover grew by 46.5% to $325.7 million ($222.3 million in 2023). Exports increased by 8.7% to $72 million ($66.2 million in 2023), while imports surged by 62.5% to $253.7 million ($156.1 million in 2023), mainly due to the rise in pharmaceutical imports.
In 2024, Uzbekistan's exports to Georgia consisted of industrial goods (copper wire, rolled metal, electrical products) – $36.5 million, food products (legumes, fruits, tobacco) – $22 million, chemical products (polymers, fertilizers) – $5.3 million, services (automobile transportation) – $7.2 million.
Georgia's imports to Uzbekistan included chemical products (pharmaceuticals) – $162.3 million, food products (fruits, nuts, mineral water) – $30.8 million, finished goods and equipment (various medical devices and instruments) – $21.6 million, services (trade, IT services) – $34 million.
Investment cooperation between Uzbekistan and Georgia holds significant untapped potential. Currently, 69 enterprises with Georgian capital are registered in Uzbekistan.
Between 2017 and 2024, the total volume of foreign direct investment (FDI) and loans from Georgia to Uzbekistan amounted to $4.6 million.
According to CERR estimates, there is substantial potential for expanding the range and volume of Uzbekistan’s exports to the Georgian market, particularly in processed agricultural products, textiles and leather footwear, automobiles, electrical goods and chemical products.
Additionally, Georgia plays a crucial role as a transit hub in the Trans-Caspian (Middle) International Transport Corridor, facilitating the delivery of goods to European and Turkish markets.
CERR Public Relations Sector
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