In January-February 2022, Uzbekistan exported $10.5 million worth of silk and silk products to 12 countries. According to the State Statistics Committee, the export of silk and silk products increased by $5 million compared to the same period last year. During the reporting period, the republic exported silk products mainly to the following countries: China –…
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The sale of foreign currency by the population increased markedly. However, the demand for foreign currency has increased even more. The flow of money transfers from abroad in the first quarter of 2022 increased slightly, according to the data of the Central Bank. In three months, Uzbekistan received transfers worth $1.47 billion. As noted by the regulator,…
According to the Ministry of Agriculture, three-quarters of imported oils and seeds come from Kazakhstan. Uzbekistan has reduced imports of sunflower seeds and oil, Spot reports with reference to the press service of the Ministry of Agriculture. In January-March, 21.3 thousand tons of vegetable oil and 39 thousand tons of sunflower seeds were imported into…
Russia’s invasion of Ukraine will slow economic growth in Uzbekistan to 3.6% in 2022, compared to pre-crisis estimates of about 6%. According to the World Bank, an expected 50% drop in remittances (due to a weaker ruble and the collapse of the Russian economy) and higher prices for oil, wheat and vegetable oil will sharply…
According to the State Statistics Committee, the foreign trade turnover of Uzbekistan and Turkey in January-February 2022 was: Foreign trade turnover – US$521.2 million Export – US$238.4 million Import – US$282.8 million Export (high share) Industrial products – US$200.4 million Chemical products – US$18 million Services – US$5.5 million Import (high share) Machinery and equipment…