BAKU, Azerbaijan, Dec. 17
By Klavdiya Romakayeva - Trend:
A 78-percent decrease in gas exports from Uzbekistan from January through September 2020, compared to the same period in 2019, has been registered due to a sharp decline in world energy prices and a drop in demand from major consumers, Trend reports referring to the Central Bank of Uzbekistan.
Foreign trade turnover in trade in goods (including gold and adjustments) for 9M2020 amounted to $24.3 billion ($26.2 billion in 9M2019). At the same time, the volume of exports and imports amounted to $10.8 billion and $13.6 billion, respectively. In this regard, the trade balance deficit in goods accounted for $2.8 billion.
The volume of exports of goods compared to 9M2019 remained practically at the level of the corresponding period of last year. The share of gold and gas in exports amounted to 54 percent and three percent, respectively.
The volume of merchandise exports (excluding gold and adjustments) for 9M2020 decreased by 24 percent (17 percent growth in 9M2019).
The volume of imports of goods relative to the same period last year decreased by 13 percent, while this indicator showed an increase of 22 percent for 9M2019.
At the same time, 77 percent of the total volume of exports of goods for 9M2020 (excluding non-monetary gold) accounted for six countries, of which China and Russia account for 19 percent and 17 percent respectively, Turkey - 13 percent, Kazakhstan and Kyrgyzstan - 11 percent each, and Afghanistan - six percent.
In the structure of goods export a significant share is held by the group of precious metals and stones - $5.9 billion ($4.1 billion in 9M2019), textiles and textile products - $1.5 billion ($1.5 billion), vegetable products - $850 million ($1 billion) and base metals and products from them - $774 million ($828 million). These groups of goods accounted for 84 percent of the total volume of exports of goods (72 percent in 9M2019).
The share of raw materials (gold and natural gas) in the total export volume for the reported period amounted to 57 percent, of which 54 percent are gold and three percent - natural gas. At the same time, 94 percent of the total volume of natural gas exports falls on China, five percent - on Tajikistan and one percent - on Kyrgyzstan.
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