Get acquainted with the results of economic cooperation in 2022 within the EAEU in the infographics prepared by the Center for Economic Research and Reforms.
The foreign trade turnover of the Republic of Uzbekistan with the member states of the Eurasian Economic Union in January-October 2022 increased by 24.6% compared to the same period last year and amounted to $12.6 billion.
Of these, exports amounted to $4.5 billion, and imports – $8.1 billion.
The share of the EAEU countries in the total foreign trade turnover of Uzbekistan amounted to 31.4%, total exports – 29.1%, total imports – 32.9%.
The indicators of Uzbekistan's foreign trade in the EAEU countries for January-October 2022 amounted to:
Foreign trade turnover with Russia increased by 27.1% and amounted to $7.5 billion (59% of Uzbekistan's foreign trade turnover with the EAEU countries), of which:
- exports – $2.5 billion
- imports – $5.0 billion
Foreign trade turnover with Kazakhstan increased by 17.7% and amounted to $3.7 billion (30%), of which:
- exports – $1.1 billion
- imports – $2.6 billion
Foreign trade turnover with Kyrgyzstan increased by 28.0% and amounted to $990 million (8%), of which:
- exports – $773 million
- imports – $217 million
Foreign trade turnover with Belarus increased by 38.5% and amounted to $420 million (3%), of which:
- exports – $94 million
- imports – $326 million
In December 2020, Uzbekistan received observer status with the Eurasian Economic Union. With this association, the closest trade and economic ties have been established and further integration with the EAEU will make it possible to strengthen them even more.
The trade turnover of the countries of the Eurasian Union with the Republic of Uzbekistan accounted for about $12.8 billion in 2021. The share of the EAEU countries accounts for 30.4% of the total merchandise exports of Uzbekistan.
The trade turnover of the countries of the Eurasian Union with the Republic of Uzbekistan accounted for about $9.83 billion in 2020. The share of the EAEU countries accounts for 27.1% of the total merchandise exports of Uzbekistan.
The trade turnover of the countries of the Eurasian Union with the Republic of Uzbekistan accounted for about $11.2 billion in 2019. The share of the EAEU countries accounts for 26.5% of the total merchandise exports of Uzbekistan.
In 2019, Uzbekistan exported a total of $9.42 billion worth of goods, of which $2.83 billion worth of goods were supplied to the EAEU.
Traditionally, Uzbekistan exports textile, automotive, electrical industry products to the EAEU, as well as food, primarily fruit and vegetable products. From the EAEU, Uzbekistan receives metal products, petroleum products, wood, machinery and equipment, chemical industry products, food, in particular cereals, vegetable oils, etc.
With further integration with the EAEU, Uzbekistan will receive more favorable conditions for entering foreign markets, in particular when trading with Vietnam, Iran, Serbia and Singapore, which have concluded preferential trade agreements with the EAEU.
As previously reported, CERR was tasked with conducting a study and giving a preliminary assessment of the consequences for the economy of Uzbekistan's possible participation in the EAEU.
A study to assess the impact of Uzbekistan's accession to the EAEU was presented in 14 universities of the country. The results of the study were published on the website of the "Economic Review" Journal, where infographics and analytical articles on the results of this study are posted.
In particular, CERR experts spoke about how joining the EU will affect agriculture, the transport sector, the automotive industry, textile, footwear, pharmaceutical, electrical engineering industries, business conditions and more.