Trade between Russia and Uzbekistan

The main articles are:

• Russia's Foreign Trade
• Economy of Uzbekistan

Chronicle

2024

Growth of trade between Russia and Uzbekistan doubled to $10 billion

Trade between Russia and Uzbekistan in 2024 exceeded $10 billion, which is almost twice as much as six years ago. This was announced in February 2025 by the trade representative of Russia in Uzbekistan Konstantin Zlygostev.

According to RIA Novosti, the leaders of the two states set the task of increasing the volume of mutual trade to $30 billion by 2030.

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Фото: Unsplash

The main directions of trade and economic cooperation:

1. Power.

Chemical#Industry.

1. Mining and metallurgical industry.
2. Rural farm.
3. Foodstuffs.
4. High tech.

More than 70 regions of Russia that interact with Uzbek partners participate in the development of trade relations. Interregional cooperation is becoming one of the key drivers of trade growth.

Artur Zavyalov, Director for Development of Partner Infrastructure and Non-Financial Products of REC, noted that given the growing demand for high-quality goods and services, as well as a favorable investment environment, cooperation with Uzbekistan opens up new prospects for domestic business.

Russian companies can use a number of support tools, including the help of a sales representative and the support of the REC Group. Additionally, certification of products under the "Made in Russia" brand, the possibility of placing goods in a national store on the Uzum platform, as well as access to the services of the "My Export" digital platform are provided.

An important area of ​ ​ cooperation is the creation of joint Russian-Uzbek industries. This allows not only to increase trade, but also to develop industrial cooperation between the countries.

Uzbekistan is seen as a fast-growing market in the Central Asian region with high development potential. The strategic partnership between the countries creates a solid foundation for long-term economic cooperation.^[1]

Russia sharply increased oil exports to Uzbekistan

In 2024, the volume of Russian oil exports Uzbekistan to through Kazakhstan amounted to 225 thousand tons. This figure is 46% more than in 2023, when 154 thousand tons were delivered. Such data were presented in January 2025 by KazTransOil, a subsidiary of KazMunayGas. More. here

2023

Trade turnover of Uzbekistan and Russia for the year increased by 5% to $9.8 billion

The volume of trade between Uzbekistan and Russia for the period from January to December 2023 reached $9.8 billion, which is 5% higher than in 2022, when the trade turnover was $9.3 billion. This became known in November 2024.

In the structure of trade, exports from Uzbekistan to Russia amounted to $3.308 billion, and imports from Russia reached $6.576 billion. Russia took the position of a key trading partner of Uzbekistan with a share of 17.8% in the total foreign trade turnover of the republic.

Exports from Uzbekistan to Russia are dominated by industrial goods worth $944.019 million, various finished products - $723.286 million and services - $592.468 million. A significant share is also occupied by food and live animals in the amount of $505.400 million, machinery and transport equipment - $256.004 million.

Russian imports to Uzbekistan are represented mainly by industrial goods in the amount of $2.167 billion. A significant share is made up of mineral fuel, lubricating oils and similar materials - $1.254 billion, chemicals and similar products - $753.774 million.

The Consul General of the Republic of Uzbekistan in Rostov-on-Don Burkhan Alikulov at the annual reception for the heads of diplomatic institutions noted the potential for the further development of trade relations between the countries. In particular, he mentioned the agreement between the Dzhizak and Rostov regions on interregional cooperation, which creates favorable conditions for the development of economic, cultural and humanitarian ties.

Machines and transport equipment from Russia to Uzbekistan were delivered in the amount of $723.807 million, and food products and live animals - in the amount of $687.829 million. In 2024, it is planned to expand cooperation in the field of tourism between countries, including projects for the exchange of tourist operators to increase tourist flow.^[2][3]

Uzbekistan signed a 2-year agreement with Russia for the supply of 2.8 billion cubic meters of gas

Uzbekistan agreed with Russia on the purchase of gas within two years, the annual volume will be about 2.8 billion cubic meters. m. This was announced on June 19, 2023 by the press service of the Ministry of Energy of Uzbekistan.

The press release clarifies that the agreement involves the import of 9 million cubic meters. m of natural gas per day. Natural gas prices were agreed within the framework of the planned reforms based on market prices in the region, as well as on the basis of current prices in the country and their market principles, the Ministry of Energy added, without specifying specific amounts. Deliveries will begin on October 1, 2023.

Uzbekistan will buy 2.8 billion cubic meters of gas from Russia in 2 years

According to the Ministry of Energy of Uzbekistan, the road map provides for the construction of new gas metering stations in Uzbekistan for the supply of gas in reverse transit through Kazakhstan through the Central Asia-Center gas pipeline.

The gas transmission system of Uzbekistan is scheduled to replace three units of gas pumping equipment and overhaul and restoration work on 11 units of various gas pumping equipment, as well as the construction of 22 km of new main gas pipelines and repair of 56 km of gas pipelines, added to the Ministry of Energy.

Uzbekistan itself previously produced and exported gas, for 2022 predicted supplies of 3.3 billion cubic meters. m. Key buyers were China and neighboring states of Central Asia.

But in the fall of 2022 there were blackouts due to a lack of gas, in December of the same year supplies were stopped due to an increase in domestic consumption in the winter.

Due to the fact that now our main task is to meet the needs of the population, all gas exports, including to China, have been suspended by 100% and this volume has been sent to the population, "said Bekhzot Narmatov, chairman of the board of Uztransgaz.

In 2023, Tashkent reported on the resumption of gas supplies abroad, following the meetings of the leaders of Uzbekistan and China, the parties agreed to continue deliveries in accordance with the contract.^[4]

2022

Russia bypassed China in foreign trade of Uzbekistan after growing turnover to $9 billion

Trade Russia Uzbekistan and in 2022 it grew by a record - by almost a quarter. The turnover exceeded $9 billion, overtook by this indicator Russia. China

As a result, Russia at the end of 2022 became the largest importer of Uzbek products with an indicator of 3.1 billion. dollars

Exports of Uzbek textiles to Russia grew by almost 50% - from $820 million to $1.2 billion

For 11 months of 2022, the export of Uzbek textiles to Russia grew by almost 50% - from $820 million to $1.2 billion. Russia's share in the total export of textiles increased over the year from 30% to 41%.

Export growth to Russia by 20.3% to $4.4 billion in 9 months

The volume of supplies of products and services to Russia from Uzbekistan for 9 months of 2022 increased by 20.3% and reached $4.4 billion. Uzbekistan mainly supplies textiles and fruits and vegetables to Russia.