On June 17–18, German Federal President Frank-Walter Steinmeier is paying an official visit to Uzbekistan, accompanied by a business delegation as part of his tour of Asian countries.
In Tashkent, he is scheduled to hold talks with President Shavkat Mirziyoyev and take part in a ceremony for the signing of agreements on projects involving German companies.
The visit is taking place during the fifth Tashkent International Investment Forum, where leading German companies and investors are actively participating in discussions on new projects and business opportunities.
The Center for Economic Research and Reforms (CERR) has prepared an infographic presenting key indicators of trade, economic and investment cooperation between Uzbekistan and Germany for 2017–2025.
Between 2017 and 2025, the volume of trade between Uzbekistan and Germany increased by 2.3 times, from $620 million in 2016 to $1.4 billion in 2025. Exports rose 4.5 times, from $32.5 million to $145.6 million, while imports grew 2.2 times, from $587.5 million to $1.3 billion.
More than 90% of bilateral trade between Uzbekistan and Germany consists of imports, driven by supplies from Germany of machinery, equipment, transport vehicles and other products used to support Uzbekistan’s industrial development.
In 2025, the structure of Uzbekistan’s exports to and imports from Germany included the following major product groups.
Exports consisted of finished goods (29%), food products (12%), industrial goods (9%), machinery and transport equipment (8%), chemical products (3%), non-food raw materials (2%), and services (36%).
Imports consisted of machinery, equipment and transport vehicles (56%), chemical products (17%), industrial goods (5%), finished goods (4%), food products (3%), and services (10%).
Germany remains an important source of technology, investment and managerial expertise for Uzbekistan.
As of June 1, 2025, 244 enterprises with German capital were operating in Uzbekistan, including 111 joint ventures and 133 enterprises with 100% German ownership.
In 2025, the volume of German investments and loans in Uzbekistan amounted to $983.5 million. Over the past 9 years, the cumulative volume of German investments and loans in Uzbekistan exceeded $5.7 billion.
Germany is interested in developing transport corridors between Europe and Central Asia, expanding supplies of raw materials and rare earth metals, and participating in green energy projects and industrial modernization.
The bulk of German investment is directed toward manufacturing, as well as the energy sector, mining, information and communications, transport and logistics, construction, and other sectors of the economy.
CERR Public Relations Sector
leave a comment