Against the backdrop of expanding cooperation among OTS member states in the areas of economic development, investment, and digital transformation, the Center for Economic Research and Reforms (CERR) has prepared an infographic on Uzbekistan’s trade and economic cooperation with the countries of the organization over 9 last years.
The OTS countries possess substantial economic potential. In 2025, the combined nominal GDP of OTS member states accounted for around 2% of global GDP (approximately $2.3 tn), while their GDP at purchasing power parity (PPP) represented 3.4% of the world total (about $6.2 tn).
The aggregate external trade turnover of OTS member states exceeded $1.2 tn in 2025.
The OTS countries are endowed with significant natural resources and well-developed manufacturing industries. In particular, Hungary and Turkey have strong machinery manufacturing sectors. Textile, electrical equipment, machinery, chemicals, and other manufactured products are also produced extensively in Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan. In addition, OTS member states produce substantial volumes of agricultural products, including fruits and vegetables, grains, oilseeds, meat, and dairy products.
Over the past nine years, Uzbekistan’s merchandise trade turnover with OTS countries increased 2.7-fold, rising from $4 bn in 2017 to $10.8 bn in 2025. Exports expanded 1.8-fold, from $1.2 bn to $3.8 bn, while imports grew 3.8-fold, from $1.8 bn to $7 bn.
In 2025, the largest shares in Uzbekistan’s trade turnover with OTS countries were accounted for by Kazakhstan with 46% ($5 bn) and Turkey with 28% ($3 bn). They were followed by Turkmenistan with 11.1% ($1.2 bn) and Kyrgyzstan with 11.1% ($1.2 bn). The smallest shares were attributed to Azerbaijan with 2.8% ($307.3 mn) and Hungary with 1.1% ($117.4 mn).
In 2025, the structure of Uzbekistan’s exports to OTS countries consisted primarily of manufactured goods (28.2%), machinery and transport equipment (19%), food products (11.1%), chemicals and related products (10%), miscellaneous manufactured articles (8.2%), beverages and tobacco (3.5%), mineral fuels and lubricants (3.3%), non-food raw materials (1.3%), and services (12.7%).
Imports from OTS countries were dominated by food products (22.8%), mineral fuels (20.3%), manufactured goods (18.1%), and machinery and transport equipment (12.9%).
According to CERR estimates, Uzbekistan has the potential to increase exports to OTS countries by an additional $2.7 bn, including $1.8 bn to Turkey, $500 mn to Kazakhstan, $200 mn to Hungary, and $100 mn to Kyrgyzstan.
A positive trend has been observed in attracting investment from OTS countries into Uzbekistan’s economy. The cumulative volume of investments from these countries exceeded $11.5 bn during 2017–2025, including $3.8 bn in 2025 alone, underscoring the strategic interest of OTS member states in long-term economic cooperation.
Turkey is the leading investor in Uzbekistan, with $2.4 bn invested in 2025, primarily in manufacturing, energy, and agriculture.
As of April 2026, more than 4,500 enterprises with capital from OTS countries were operating in Uzbekistan.
At the OTS Business Forum held in Azerbaijan in February 2025, a decision was made to increase the authorized capital of the Turkic Investment Fund by 20%, from $500 mn to $600 mn. Uzbekistan contributed $100 mn to the Fund.
The Fund is already financing a number of joint projects, which is expected to further expand industrial and investment cooperation among OTS member states.
CERR Public Relations Sector
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