According to the Central Bank’s report, Uzbekistan’s exports are expected to increase by 14–16% in 2026 compared to 2025. This was reported by kursiv.uz. reports .
The regulator noted that the drivers of this positive trend include the country’s accession to the World Trade Organization and faster economic growth in partner countries. In particular, next year China’s GDP is forecast to grow by 4.2%, Russia’s economy by 1%, and Kazakhstan’s GDP by 3.7%.
Positive expectations also remain regarding global prices for raw materials exported by Uzbekistan, including gold. Over the past year, amid shifts in global trade policy and geopolitical uncertainty, the precious metal’s value has risen by nearly 60%, with the price per troy ounce climbing above $4,000. The Central Bank expects this growth to continue in 2026 as well.
According to the regulator’s assessment, copper and silver prices are also expected to maintain a steady upward trend next year. Since the beginning of 2025, copper has risen by 64% and silver by 21%.
The forecast names tourism, IT, transport, and logistics as the main export drivers. At the same time, imports are expected to increase by 14–16% in 2026, while remittances are projected to grow by 12–15%.
The Central Bank also assessed Uzbekistan’s real economic growth: real GDP growth in 2026 is forecast in the range of 5.5–6.5%.
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