Foreign trade turnover of Namangan region in 2021
Shoirakhon Nurdinova, an expert of the CERR analyzed the foreign trade of the Namangan region for 2021.
Foreign trade turnover in Namangan increased by 24.7% in 2021 and accounted for 1089.4 million US dollars. 45.4% of total foreign trade turnover consisted of export operations and 54.6% - of import operations. Exports have increased by 30.0%, while imports have grown by 20.6%.
The value of the regional trade balance turned out to be negative (-100.2 million US dollars) in Namangan, whilst a trade balance with CIS countries was positive.
Analyzing foreign trade trends for 2010-2021 revealed a significant drop in exports in 2011. However, the trend indicates the general growth rate for 2010-2021. Due to the liberalization of monetary policy, imports increased in 2018, and the negative trade balance reached its highest level.
Subregional analysis pointed out that Namangan city (36.9%), Turakurgan (9.6%), Uychi (8.1%), and Kosonsoy districts (6.9%) have a significant share in the regional foreign trade. It was observed that Uchkurgan (3.6%), Chartak (3.5), and Pop (3.04%) districts had a small share of foreign economic activity in 2021.
Fig.1 Total exports and imports by districts of Namangan
Russia (40.85% of total exports) remained the leading trade partner of Namangan for exports in 2021. Other major partners were China (15.28%), Kyrgyzstan (13.97%), Kazakhstan (8.33%), and Turkey (8.10%).
Primary regional export goods consisted of foodstuffs (18.0%) and machinery and equipment (2.0%). Textiles (1.8%), chemical products (1.8%), non-ferrous and precious metals (0.8%), and energy carriers (0.2%) were exported to the 50 countries of the world.
Namangan city remained the primary exporter (30.37% of total exports), Turakurgan's ranking was second (16.37%), and Uychi – third (8.98%). Namangan (4.44%), Pop (2.94%), and Chartak (1.72%) districts' shares of exports were insignificant in 2021.
The primary trade partner in imports to Uzbekistan was China (31.58% of total imports), Russia, Kazakhstan, and Turkey's shares were 17.30%, 11.29% and 10.94%, respectively.
The majority of the volume of import deliveries consisted of machinery and equipment (34.2%), which decreased by 2.2% compared to 2020.
The share of foodstuffs in total imports was 18.4%, chemical products, non-ferrous and precious metals, and energy carriers were 17.9%, 10.6%, and 2.4%, respectively.
Namangan city was the major importer in the region with 42.39% of the total imports. Uychi (7.28%), Kosonsoy (7.09%), and Chust (7.05%) districts had significant shares of total imports.
The insignificant shares of regional import was observed in districts :Turakurgan (3.96%), Pop (3.13%) and Uchkurgan (1.46%).
Shoiraxon Nurdinova
Center for Economic Research and Reforms
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