Uzbekistan
Since the reforms made starting in 2017, Uzbekistan has taken many significant steps to reduce trade and administrative barriers in international trade. The country’s young and growing population lays the foundation for future economic growth and demand. 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.
If you are interested in cooperation with Finnish companies in Uzbekistan or Central Asia, please contact Head of EastCham in Kazakhstan, Altyn Shakirkhanova.
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Trade between Finland and Uzbekistan
January-November 2024:
- Exports to Uzbekistan €35.9 million, -56.9%
- Machinery, transport equipment €16.0 million, -73.3%
- Chemicals €7.3 million, +157.4%
- Foodstuffs €4.6 million, -5.5%
- Paper and paperboard €4.1 million, -29,2%
- 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 €4.6 million, -5.1%
- Wire products €3.7 million, +132.9%
- The import of steel profiles, which was visible in the statistics in 2023, has not continued.