Uzbekistan intends to create a Trade Development Company, aiming to engage foreign technologists and marketers. The objective is to align local products with international requirements, facilitate the entry of exporters into new markets as well as provide subsidies and compensation.
Uzbekistan’s natural gas supplies to China almost halved in 2023, reaching $563.5 million. In December, exports amounted to $54.5 million.
Uzbekistan’s 2023 trade turnover increased by 23.8% to $62.6 billion, yielding a record $13.7 billion trade deficit. Record gold exports reached a third of total volume, while those of textile and manufactured goods declined. Imports surged for food, oil and gas.
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