In January-February 2026, Uzbekistan's foreign trade turnover amounted to $11.6 billion. This figure is $767 million or 7.1% more than in the same period in 2025, indicating a significant increase in the country's international trade activities.
At the same time, the volume of exports amounted to $3.54 billion, which is a decrease of 23.4% compared to the previous period. At the same time, the volume of imports reached $8.04 billion, which is an increase of 29.8%. The negative foreign trade balance exceeded $4.5 billion, which reflects the country's high demand for imports.
The main reason for the decline in export volumes may be related to the decline in gold exports. In 2025, the country sold gold worth $9.9 billion, which accounted for 29.3% of total exports. Over the past five years, gold sales have been as follows:
- 2019 - $4.9 billion (28.2% of total exports)
- 2020 - $5.8 billion (38.3%)
- 2021 - $4.1 billion (24.7%)
- 2022 - $4.1 billion (21.3%)
- 2023 - $8.1 billion (32.8%)
- 2024 - $7.4 billion (27.8%)
Thus, gold exports play an important role in Uzbekistan's foreign trade, and their volume varies from year to year. This plays an important role in ensuring the stability of the foreign economy and increasing foreign exchange earnings.
The increase in imports and the decrease in exports in the country have led to an increase in the trade deficit, which requires new strategic steps for the state economy and an analysis of foreign trade policy.
This information is important for understanding the dynamics of Uzbekistan's economic environment and assessing opportunities in international trade.
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