Over the past 5 years, the trade turnover between Uzbekistan and Azerbaijan has increased 6.2 times – from $29 million in 2017 to $181.2 million in 2022.

The Center for Economic Research and Reforms has prepared an infographic reflecting foreign trade relations between Uzbekistan and Azerbaijan, the volume of imports and exports for January-June 2023 by category of goods.

It reflects that Uzbekistan and Azerbaijan have established a free trade regime. Considering the abolition of customs duties, taxes and fees, and quantitative restrictions on the export or import of goods produced in the territory of the two countries, our exporters have optimal conditions for expanding the volume and range of goods supplied to the markets.

According to the results of six months of this year, the trade turnover between Uzbekistan and Azerbaijan amounted to $84.6 million, export – $64.1 million, import – $20.6 million.

For the specified period of the current year, the share of trade with Azerbaijan in the total volume of foreign trade turnover of Uzbekistan amounted to: in terms of trade – 0.3 percent, export – 0.5 percent, import – 0.1 percent. In 2022, the volume of mutual trade between Uzbekistan and Azerbaijan increased significantly compared to 2021. The trade volume increased by 52.4 percent – from 118.9 to 181.2 million dollars, export – from 76 to 131.7 million dollars, and import – from 42.9 to 49.5 million dollars.

In 2022, the main commodity items of Uzbekistan for export to Azerbaijan were textiles and carpets (17 percent), food, fruits and vegetables (13 percent), tobacco (13 percent), electrical products (12 percent), air conditioners, televisions, refrigerators, electric furnaces and other household appliances, copper wire, and copper pipes (11 percent), transport equipment and spare parts (12 percent), vehicle engines (5 percent); chemical, including pharmaceutical, products (4 percent), and services (5 percent).

In Azerbaijan’s imports, the main share falls on copper ores and copper concentrates (40 percent), aluminum (20 percent), oil products and polymers (12 percent), food products (10 percent), as well as services, in particular transport (5 percent).

UzA