In the first quarter of this year, the total volume of transactions concluded on all trading floors of the Uzbek commodity exchange increased by 29 percent compared to the same period in 2022 and amounted to 35.1 trillion UZS. At the same time, 73 percent of the concluded transactions fell on exchange trading, and the rest, or 27 percent, were e-commerce trading systems.

Over 185,000 transactions worth 9.3 trillion UZS have been concluded in the electronic trading system of the Uzbek Commodity Exchange for public procurement xarid.uzex.uz. This is an 83 percent increase compared to the same period in 2022.

This issue was discussed at a press conference of the Uzbek Commodity Exchange.

It was noted that according to the results of electronic trading, the savings of budgetary and corporate customers increased by 69 percent compared to last year and amounted to 1.6 trillion UZS. Foreign trade transactions worth $163.1 million were concluded at the Uzbek Commodity Exchange. This is 24.5 percent more than in January-March last year.

“Most of the products purchased through the exchange, namely 95 percent, are food and mineral fertilizers”, says the Press Secretary of JSC UzEX Hikmatullo Tillaboyev. – The exported goods include non-ferrous metals, oil products, and building materials. During this period, 2 new foreign trading floors and 11 foreign brokerage houses were opened in Belarus and Kazakhstan, and about 500 new non-resident clients were accredited. Over 16,000 license plates worth 66.5 billion UZS were sold through transparent online auctions avtoraqam.uzex.uz.

On the electronic logistics portal of the exchange e-logistika.uzex.uz, 2.2 thousand transactions for 4.1 billion UZS were concluded. Compared to the first quarter of last year, the number of transactions increased by 1.5 times, and the volume – by 2.7 times.

According to the Fitch Ratings, the credit rating of the Uzbek Commodity Exchange was confirmed at the level of “B” (outlook “stable”). For the first time in its history, the organization received an international rating.

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Nasiba Ziyodullayeva, UzA