Uzbekistan’s FTT reaches almost $10 bln
In February, Uzbekistan exported gold worth $1.3 billion, which helped reduce the trade deficit
In February, Uzbekistan exported gold worth $1.3 billion, which helped reduce the trade deficit. The country's total foreign trade turnover in January–February reached $9.92 billion, showing a 10.5% increase compared to the same period last year.
The share of manufactured goods in exports decreased, while exports of chemical products and fruits and vegetables saw growth. Imports of oil, gas, and vehicles increased, while imports of certain food products declined. There was a decrease in shipments of medical and pharmaceutical products, due to labeling requirements and difficulties in accessing imported medicines.
The Central Bank of Uzbekistan attributes the decline in the volume of international reserves to "seasonal character," which "usually represents a trend observed in January-February.".
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