BAKU, Azerbaijan, April 12. Uzbekistan and South Korea decreased the bilateral trade turnover by 23.2 percent from January through February 2023, compared to the same period of 2022, from $401.1 million down to $308 million, Trend reports via the Uzbek State Statistics Committee.
The exports from Uzbekistan to South Korea amounted to $6 million, which is 5.2 percent more than during the first two months of 2022 ($5.7 million).
Uzbekistan in the reporting period imported South Korean goods and services worth $302 million – a decrease of 23.6 percent, over $395.4 million during January from February last year.
Meanwhile, in 2022 the trade turnover between Uzbekistan and South Korea made up $2.3 billion, which is an increase of 23.2 percent, compared to 2021 ($1.8 billion).
The value of exports from Uzbekistan to South Korea reached $48.1 million, decreasing by almost 17 percent compared to $57.7 million in 2021.
The value of imports to Uzbekistan from South Korea totaled $2.2 billion, which is 24.5 percent more than $1.8 billion in 2022.
Meanwhile, from January through February 2023 Uzbekistan's foreign trade turnover amounted to $8.9 billion, increasing by 2 percent or $176.4 million, compared to the same period last year ($8.7 billion).