Which countries did the Republic of Karakalpakstan mostly trade with in 2021?

Which countries did the Republic of Karakalpakstan mostly trade with in 2021?

In 2021, the total foreign trade turnover of the Republic of Karakalpakstan was approximately $657.2 million, which is 21.9% more than in 2020. (In 2020, the foreign trade turnover of the region was $539 million).

The trade balance of the region showed a surplus of $418.6 million in exports and $238.6 million in imports.

The Republic of Karakalpakstan has the highest trade volume in 2021 with China (23.2%), Russia (18.9%), Turkey (16.4%), Kazakhstan (9.7%), Latvia (5.0%) and the Republic of Korea. (4.7%).

Analysis showed that in 2021 the city of Nukus accounted for 62.7% of the region’s foreign trade turnover. Moynak (5.7%), Beruni (3.8%), Turtkul (3.7%), Takhiatash (3.1%) and Ellikkala (2.9%) districts have the largest share in foreign trade turnover. The share of Nukus (1.0%), Bozatov (0.5%) and Takhtakor (0.3%) districts was significantly lower.

The growth rate of exports was recorded

In 2021, the region's export growth rate respectivly with previous year was 115.4% and amounted to $ 418.6 million. About 71.2% of exports fell to the share of industry enterprises and 28.8% to the share of regional enterprises.

Goods exported from the Republic of Karakalpakstan include chemical products (67.9 percent), food products (11.3 percent), cotton fibre (2.8 percent), machinery and equipment (1.16 percent), services (0.6 percent) and energy resources. (0.3 per cent) and other goods (15.9 per cent).

Commodity structure of exports of the Republic of Karakalpakstan for 2021

In 2021, exports of machinery and equipment increased by 7.62 times due to the growth in exports of electrical products, technological equipment and auto parts.

At the same time, in 2021, exports of cotton fiber increased by 1.75 times, exports of chemical products by 1.12 times, and exports of other goods by 1.36 times.

The analysis of the volume of exports by countries of the world showed that the main consumers of exported goods from the region are China (25.8%), Turkey - $ 93.1 million (22.2%), Russia - $ 82.2, million (19.6%), Kazakhstan - $ 40.1 million (9.6%), Latvia - $ 29.9 million (7.1%), Ukraine - $ 14.3 million (3.4 %), The United Kingdom - $ 9.3 million (2.2%) and the Republic of Korea - $ 7.6 million (1.8%).

Nukus (71.7%) accounted for the largest share of the region's total exports. From Nukus to CIS, Europe, Baltic countries, Afghanistan, Dominican Republic, Iran, Turkey and China, mainly 13 types of products, including foodstuffs, alcoholic beverages, wood products, yarn, chemical products, plastics and manufactured goods made of them, cotton fiber , musical instruments, pharmaceuticals and live animals were exported.

In terms of exports, the next places are occupied by Kanlikul (3.9%), Beruni (3.4%), Ellikkala (3.0%) and Moynak (2.8%) districts. At the same time, Takhtakopir (0.3%), Karaozak (0.2%) and Bozatov (0.2%) districts had the lowest share.

The growth rate was also observed in the volume of imports

In 2021, the region's imports increased by 35.3% compared to 2020 and accounted for $238.6 million.

Total imports of the region are 44.6% of machinery and equipment, 25.0% of chemical and food products, 7.1% of energy resources, 4.9% of services, 1.1% of ferrous and non-ferrous metals and 17.4%. others contributed to the products.

Commodity structure of imports of the Republic of Karakalpakstan for 2021

The significant increase in imports is due to the 1.71-fold increase in imports of machinery and equipment, 1.58-fold increase in services, 1.44-fold increase in energy resources and 1.16-fold increase in chemical products.

In 2021, the Republic of Karakalpakstan imported the largest number of goods and services from China (18.7%), Russia (17.6%), Kazakhstan (10.0%), the Republic of Korea (9.8%) and Turkey (6.1%).

The following are the main trading partners with the largest share of the region’s imports in 2021.

An analysis of imports by region (city) showed that Nukus (46.7 per cent), Moynak (11.6 per cent), Turtkul (8.2 per cent), Karaozak (6.1 per cent), Tahiatash (5.8 per cent) and Berunai (4.5 per cent) were the regions with the largest share of imports in the region. At the same time, the Amu Darya (0.5 per cent), Takhtakor (0.4 per cent) and Shumanai (0.2 per cent) regions have a small share in imports of the region.

Yusup Jumabaev

Karakalpak branch of the Center for Economic Research and Reforms

Salamat Begmanov

Karakalpak branch of the Center for Economic Research and Reforms

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