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Export Market

Uzbekistan

ISO: UZ / UZB

Country Profile

Capital Tashkent
Population 37.9M
GDP $115.0B (2024)
GDP per Capita $3,162
Income Level Lower-Middle Income
Currency Uzbekistani soΚ»m (UZS so'm)
Language Russian
Timezone UTC+05:00
Region Asia Β· Central Asia

Trade Partners

Uzbekistan Exports To

  • Switzerland 34.0%
  • Russia 12.0%
  • UK 11.0%
  • China 7.0%
  • Turkey 6.0%

Key exports: gold, cotton yarn, garments, fertilizers, fabric (2023)

Uzbekistan Imports From

  • China 32.0%
  • Russia 17.0%
  • Kazakhstan 8.0%
  • S. Korea 6.0%
  • Turkey 5.0%

Key imports: cars, vehicle parts/accessories, packaged medicine, refined petroleum, aircraft (2023)

Economic Overview

lower-middle income Central Asian economy; key exporter of natural gas, cotton, and gold; ongoing reform efforts to reduce state-owned sector dominance, attract foreign investment, and improve sustainability of cotton production

Government: presidential republic; highly authoritarian

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Uzbekistan. Standard WTO terms apply.

Trade Barriers

2 active barriers affecting UK exporters

Inability to use foreign currency to fix price in the contract and underdeveloped hedge market limiting the company to attract experts from different countries.

The inability to use foreign currency to agree a contract price, together with an underdeveloped hedge market, poses challenges to overseas exporters to Uzbekistan. When an overseas business establishes a local office in Uzbekistan, contracts need to be agreed in …

Sectors: Advanced engineering

Reported: 23 Apr 2020

High import duties on cars exported to Uzbekistan

To promote automotive production in Uzbekistan, stringent measures are introduced, including high import duties ranging from 120% to 210% depending on the year of manufacture, the country of production, the engine volume. This presents challenges for UK automotive manufacturers exporting …

Sectors: Automotive

Reported: 30 Mar 2020

Geographic Region

Eastern Europe and Central Asia

Trading Bloc Memberships

Uzbekistan is a member of the following trade agreements and economic blocs.

CIS Commonwealth of Independent States Economic Union

Export Guidance

Relevant guidance for exporting to Uzbekistan.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

πŸ‡¦πŸ‡² Armenia πŸ‡¦πŸ‡Ώ Azerbaijan πŸ‡§πŸ‡Ύ Belarus πŸ‡¬πŸ‡ͺ Georgia FTA πŸ‡°πŸ‡Ώ Kazakhstan πŸ‡°πŸ‡¬ Kyrgyzstan πŸ‡²πŸ‡© Moldova FTA πŸ‡·πŸ‡Ί Russia

Official Resources

Government export support for Uzbekistan.

great.gov.uk Market Guide → GOV.UK Country Information →
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