The rate of business activity of the regions is growing in Uzbekistan

The rate of business activity of the regions is growing in Uzbekistan

Analysis of business activity is monthly calculated by CERR on the basis of operational data (monitoring in all regions of the republic, according to the data of the State Customs Committee, the State Tax Committee, the Central Bank and the UzEx).

The monitoring results showed that the volume of tax revenues of the republic in August increased by 5.8% compared to the same period last year. A significant increase in tax revenues was recorded in the Jizzakh (+41.5%), Tashkent (+25.7%), Syrdarya (+21.7%), Navoi (+20.4%) regions, the Republic of Karakalpakstan (+11.5%) and the city of Tashkent (+18.0%).

In terms of tax revenue sources, income tax increased by 23%, property tax by 29% and land tax by 19%.

The lowest tax receipts were recorded in Khorezm (+6.4%), Kashkadarya (+8.4%) regions.

Receipts on customs payments for the analyzed period increased by 20.4%. The largest increase in customs receipts was observed in Jizzakh (+80.0%), Samarkand (+32.2%), Andijan (+30.3%), Tashkent (+25.4%), Surkhandarya (+24.1%) regions and in Tashkent city (+27.8%).

The increase in customs revenues was mainly due to an increase in imports by almost 29.6% compared to the same period last year by types of products, including transport equipment and its components, technical equipment, electrical engineering and its components, oil and petroleum products and food.

The largest increase in exports was observed in Khorezm (+25.2%), Syrdarya (+22.5%), Surkhandarya (+15.0%) and Kashkadarya (+14.2%) regions.

The increase in Uzbekistan's exports is explained by the growing growth rates of exports of chemicals, industrial goods, agro-food products and foodstuffs.

At the same time, in August, the volume of exports of goods decreased by 5.6% since the beginning of the year.

The decline in exports in a number of regions of the republic is associated with a reduction in exports of yarn, mineral fertilizers and knitwear; in the Tashkent region, a decrease in exports of metals and products made of them, yarn, food; in the Jizzakh region – fruits and vegetables, food; in the Namangan region – yarn and knitwear, in Karakalpakstan – plastics and products made of them and yarn; in Tashkent – natural gas, metals and products made from them.

The volume of loans issued by commercial banks increased by 13.8%. A noticeable increase in the issuance of loans was noted in Syrdarya (+45.1%), Jizzakh (+27.2%), Khorezm (+20.47%), Navoi (+18.9%), Kashkadarya (+18.3%) regions and in Tashkent city (+26.9%).

The volume of transactions on the UzEx for the analyzed period decreased by 4.4%. At the same time, the growth of exchange activity was noted in the Syrdarya (+9.8%) and Andijan (+5.8%) regions, in the Republic of Karakalpakstan (+9.2) and the city of Tashkent (+3.1%).

The growth in the volume of transactions in these regions is ensured by increasing the sale of such goods as construction and household materials, diesel fuel, cotton fiber, automobile gasoline, wheat, mineral fertilizers, technical wheat flour, seeds, liquefied gas, sugar, rolled ferrous and non-ferrous metals, polyethylene, etc.

During the analyzed period, 59,625 new economic entities were created, the largest number of which were registered in the Ferghana (5,575), Samarkand (5,458), Tashkent (4,783), Kashkadarya (4,324), Khorezm (4,321) regions, and in the Republic of Karakalpakstan (4,400) and the city of Tashkent (11,499).

Sharofiddin Shamsiddinov, CERR

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