Trade Balance in Uzbekistan

Uzbekistan Trade Balance | Economic News & Forecasts

Uzbekistan - Trade Balance

Annual growth slowed to 4.1% in January–March, from 5.6% in 2019, as the Covid-19 pandemic weighed on the economy at the end of March. Industrial production lost pace as a result of falling hydrocarbon output, while exports collapsed on a slump in Chinese demand. In addition, tight lockdown restrictions enacted by the government in late March took a toll on retail sales growth for January–March, while also leading to a significant decline in the number of new small businesses created compared to a year ago. The brunt of the health crisis is likely to hit the economy in April, however, as prolonged social distancing hammers activity. Meanwhile, on 29 April, the government lifted some travel restrictions for companies working in the agricultural sector to avoid further financial losses.

Uzbekistan - Trade Balance Data

2014   2015   2016   2017   2018  
Trade Balance (USD billion)-12.6  -11.6  -2.4  -2.2  -6.9  

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Note: Trade balance in USD bn.

Uzbekistan Facts

Value Change Date
Exchange Rate9,5160.0 %Dec 31

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