Uzbekistan
The young and growing population of Uzbekistan lays the foundation for future economic growth and demand.
Since the reforms made starting in 2017, Uzbekistan has taken many significant steps to reduce trade and administrative barriers in international trade. Uzbekistan aims for WTO membership in 2026.
Uzbekistan’s economy is actively seeking new technologies to make it more modern and efficient. Finnish companies are interested in cooperation in many sectors, such as mining, renewable energy, clean technologies, water management, agriculture, and education.
💡 Interested in Finnish expertise?
If you are interested in cooperation with Finnish companies in Uzbekistan or Central Asia, please contact Head of EastCham in Kazakhstan, Altyn Shakirkhanova.
Trade between Finland and Uzbekistan
2024
- Exports to Uzbekistan €41.4 million, -54.3%
- Machinery, transport equipment €16.1 million, -75.2%
- Chemicals €10.1 million, +215.5%
- Foodstuffs €5.2 million, -2.1%
- Paper and paperboard €4.8 million, -23,9%
- The decline in exports is due to the high value of machinery exports in the comparison period, when a significant amount of electric generators and motors, as well as their parts, were exported to Uzbekistan.
- Chemical exports have increased due to the growth in exports of manufactured plastics and various, unspecified chemical products.
- Imports from Uzbekistan €15.4 million, +210.4%
- Oil products €10.6 million. Entire import in December, the last time oil products were imported from Uzbekistan was between 2006-2009.
- Wire products €3.7 million, +125.1%
- The import of steel profiles, which was visible in the statistics in 2023, has not continued.
EU and Uzbekistan
In 2025, the EU and Uzbekistan signed the Enhanced Partnership and Cooperation Agreement (EPCA). The EU has previously concluded similar agreements with Kazakhstan and Kyrgyzstan. Uzbekistan is also covered by the EU’s GSP+ tariff preference scheme for low- and lower-middle-income countries, which facilitates Uzbekistan’s access to the EU market.
In 2024, the EU exported goods to Uzbekistan worth nearly four billion euros and imported goods worth 0.8 billion euros. The EU exports machinery and transport equipment, chemicals, manufactured goods, and food to Uzbekistan. The EU imports chemicals, manufactured goods, as well as fuels and lubricants from Uzbekistan.