Business news from Ukraine

Business news from Ukraine

Ukraine ranked 20th among Uzbekistan’s largest trading partners in first half of 2026

4 August , 2026  

Ukraine ranked 20th among Uzbekistan’s largest trading partners for the period from January through June 2026, according to data from the National Statistics Committee of Uzbekistan.

Foreign trade turnover between Ukraine and Uzbekistan over the six-month period totaled $206.1 million, compared to $151.9 million during the same period in 2025. Thus, bilateral trade increased by 35.7%.
Ukrainian exports to Uzbekistan totaled approximately $171.9 million, while Uzbek exports to Ukraine were estimated at $34.2 million. Ukraine’s trade surplus with Uzbekistan reached approximately $137.7 million.

Ukraine accounted for about 0.5% of Uzbekistan’s total foreign trade turnover.
Overall, Uzbekistan’s foreign trade turnover in January–June 2026 amounted to about $41 billion.

China remained the country’s largest trading partner, accounting for 23.1% of total trade, or about $9.5 billion. Russia ranked second with a share of 17.1%, corresponding to approximately $7 billion.
Uzbekistan’s top five trading partners also included Kazakhstan with a 6.8% share, Turkey with 3.4%, and Afghanistan with 2.6%.

Separately, Uzbekistan’s Ministry of Investment, Industry, and Trade reported that the country’s exports, excluding gold, totaled $14.4 billion in the first half of the year, an increase of 32.2%, or $3.5 billion, compared to the same period last year.

The main market for Uzbek goods and services was Russia, to which $2.4 billion worth of products were shipped. Exports to China totaled $2.18 billion, to Afghanistan – $961 million, to Kazakhstan – $715 million, to France – $707 million, to Turkey – $516 million, and to Kyrgyzstan – $453 million.
The main drivers of growth in Uzbek exports were services ($5.7 billion), light industrial goods ($1.66 billion), metallurgical and mining products ($1.3 billion), fruits and vegetables ($875 million), and construction materials ($714 million).

Uzbekistan’s export geography expanded to include seven additional countries and territories in the first half of the year, bringing the total to 211 countries and territories.
Sources: National Committee on Statistics of Uzbekistan and a press release from the Ministry of Investment, Industry, and Trade of Uzbekistan dated July 29, 2026.

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