THE STATE OF DEVELOPMENT OF UZBEKISTAN'S FOREIGN TRADE

Аннотация

Foreign trade is a fundamental driver of Uzbekistan's economic growth, facilitating global economic integration, attracting foreign direct investment (FDI), and fostering industrial modernization. In 2023, Uzbekistan's total trade turnover amounted to $60.8 billion, reflecting a 23.5% year-on-year increase (State Committee on Statistics, 2024). This growth is attributed to a series of trade liberalization policies, economic diversification, and strategic partnerships with key trading blocs. However, challenges such as high reliance on primary commodities (gold and natural gas constitute 47% of exports), limited technological exports, and logistical constraints persist.