Based on real-time data from the Central Bank, the Tax Committee, the Customs Committee, and the Republican Commodity and Raw Materials Exchange, experts at the Center for Economic Research and Reforms (CERR) conduct a comprehensive monthly analysis of business activity across all regions of Uzbekistan.
This integrated approach allows for an in-depth assessment of entrepreneurial activity across various economic sectors at the regional level, identification of key development trends, and analysis of the primary factors influencing economic dynamics in each region of the country.
According to the latest monitoring results, tax revenues in January 2025 showed a positive trend, increasing by 10.3% compared to the same period in 2024, reflecting the sustained improvement in business activity.
Regional analysis of tax revenues revealed the following trends. Andijan region recorded the highest growth in tax revenues - 49.7%. Significant growth was also observed in Tashkent (48.6%), Namangan (41%), and Bukhara (30.4%) regions.
The structure of tax revenues shows an 11.5% increase in income tax, indicating rising employment and household incomes. Property tax grew by 18%, while land tax increased by 7.3%.
Customs revenue collections rose by 14.5%.
The highest growth in customs revenues was registered in Syrdarya region, reaching 143.5%. Substantial increases were also observed in Navoi (67.6%) and Bukhara (48.1%) regions.
The increase in customs revenues is attributed to the rising volume of imported goods across several key categories.
Significant positive shifts were recorded in imports of oil and petroleum products, electrical equipment and components, pharmaceutical products, timber, livestock and animal feed, tobacco products, plants and plant-based products, as well as leather goods.
Exports have also seen an upward trend, increasing by 8.1% since the beginning of 2025 compared to the same period last year. The most significant export growth was recorded in Surkhandarya (219.7%), Samarkand (28.8%), and Khorezm (28.3%) regions.
During the reporting period, the volume of transactions on the UzEx decreased by 55.4%. The decline is attributed to the fact that trading in cotton purchase and sale contracts on the exchange commenced on February 1 this year, whereas in 2024, it started on January 1.
Sultonmurod Ozodov, CERR
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