Foods For Trade - B2B Country Profile

Uzbekistan is a dry, landlocked country of which 11% consists of intensely cultivated, irrigated river valleys. More than 60% of its population lives in densely populated rural communities. Uzbekistan is now the world's second-largest cotton exporter, a large producer of gold and oil, and a regionally significant producer of chemicals and machinery. Following independence in December 1991, the government sought to prop up its Soviet-style command economy with subsidies and tight controls on production and prices. Uzbekistan responded to the negative external conditions generated by the Asian and Russian financial crises by emphasizing import substitute industrialization and by tightening export and currency controls within its already largely closed economy. The government, while aware of the need to improve the investment climate, sponsors measures that often increase, not decrease, the government's control over business decisions. A sharp increase in the inequality of income distribution has hurt the lower ranks of society since independence. In 2003, the government accepted the obligations of Article VIII under the International Monetary Fund (IMF), providing for full currency convertibility. However, strict currency controls and tightening of borders have lessened the effects of convertibility and have also led to some shortages that have further stifled economic activity.

Economy Statistics

Exports:	$3.7 billion f.o.b. (2004 est.) [?] This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Close
Export Commodities:	cotton 41.5%, gold 9.6%, energy products 9.6%, mineral fertilizers, ferrous metals, textiles, food products, automobiles (1998 est.) [?] This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value. Close
Export Partners:	Russia 22%, China 14.7%, Turkey 6.4%, Tajikistan 6.1%, Kazakhstan 4.2%, Bangladesh 4% (2004) [?] This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value. Close
Imports:	$2.82 billion f.o.b. (2004 est.) [?] This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Close
Import Commodities:	machinery and equipment 49.8%, foodstuffs 16.4%, chemicals, metals (1998 est.) [?] This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value. Close
Import Partners:	Russia 26.8%, South Korea 12.6%, US 8%, Germany 7.7%, Kazakhstan 6.3%, China 5.8%, Turkey 5.1%, Ukraine 4.5% (2004) [?] This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value. Close

Company Browser

Uzbekistan Chamber of Commerce
Address:	1800 Massachusetts Avenue, NW Suite 600 Washington, D.C. 20036
Phone:	[202] 828-4317
Fax:	[202] 659-7010
Website:	http://users.erols.com/aucc/

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