According to the results of the first half of 2023, Kazakhstan has become one of Uzbekistan’s top 3 trade partners. The two countries’ trade turnover amounted to $2.19 billion in January-June 2023, an increase of 19.4% from the same period last year, Turanews.kz reports.
China remains Uzbekistan’s top trade partner, with a turnover of $5.2 billion in January-June 2023. Russia is in second place, with a turnover of $4.4 billion. Kazakhstan is in third place, with a turnover of $2.19 billion.
In the structure of the total turnover, Uzbekistan exported $699.3 million worth of goods to Kazakhstan in the first half of 2023, while imports amounted to $1496.2 million.
This is a significant increase from the previous year, when bilateral trade between Kazakhstan and Uzbekistan amounted to $5 billion. The increase in trade is due to a number of factors, including the signing of a number of trade agreements between the two countries and the development of new transportation routes.
The two countries have a long history of trade and cooperation. They are both members of the Eurasian Economic Union, and they are working to further integrate their economies. The increase in trade between Kazakhstan and Uzbekistan is a positive development for both countries. It will help to boost economic growth and create jobs.
