Belarus is among Uzbekistan’s top 20 trading partners by foreign trade volume.
An analysis by the Center for Economic Research and Reforms shows that trade, economic and investment cooperation between Uzbekistan and Belarus has developed rapidly in recent years and now covers new areas.
Between 2017 and 2025, total bilateral trade increased 5.3 times, from $182.4 million in 2017 to $965 million in 2025.
Uzbekistan’s exports to Belarus rose almost sevenfold, from $27.4 million in 2017 to $186.5 million in 2025. Imports increased fivefold, from $155 million in 2017 to $778.5 million in 2025.
In 2025, Uzbekistan’s main exports to Belarus were industrial goods at 39.3%, manufactured products at 22.1%, food products at 18.6%, machinery and transport equipment at 5.7%, chemical products at 4.7%, and services at 6.5%.
Last year, imports from Belarus mainly included food products at 38.1%, non-food raw materials at 19.5%, machinery and transport equipment at 15.5%, industrial goods at 11.1%, mineral fuels and oils at 3.4%, and services at 5.5%.
An analysis of Belarus’s imports from third countries shows that there is still unused export potential for increasing supplies of Uzbek products to the Belarusian market. These include textiles, leather products, copper products, certain electrical goods, fruit and vegetables, including dried fruit, passenger cars, household chemicals and other finished products.
Since 2017, the number of enterprises with Belarusian capital has increased almost twelvefold, from 22 in 2017 to 258 in 2025.
Today, 258 enterprises with Belarusian capital operate in Uzbekistan. Of these, 63 are joint ventures and 195 are fully foreign-owned enterprises.
Investment from Belarus exceeded $76.5 million in 2025. Between 2016 and 2025, the total volume of investment exceeded $170.2 million.
The main areas of Belarusian investment include the production of textiles, especially ready-made clothing, leather goods, pharmaceutical products, agricultural machinery, crop and livestock products, food products and other goods.
In addition, more than 110 enterprises with Uzbek investment operate in Belarus.
The duty-free trade regime between the two countries, together with complementary sectors of their economies, creates favorable conditions for expanding both trade and economic cooperation and industrial links.
CERR Public Relations Sector
Izoh qoldirish