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Export of hydrocarbons and primarily natural gas, provides a significant share of foreign exchange earnings. Other major export earners include gold and cotton, with the economy still significantly reliant on the latter.
Uzbekistan’s growth has been mainly driven by state-led investments and a favourable export environment. The government has actively courted a number of major US and international corporations, offering both financial and tax advantages.
Diminishing foreign investment and difficulties transporting goods across borders remain issues for the government.
Composition of GDP (2013)
Though the above items are the only ones prohibited, a number of items are also under heavy restriction. To find out more, click the links below.
Ports and terminals: N/a (Landlocked country) – Cargo can be routed via Baltic ports (Riga, Tallinn, Klaipeda), and Bandar Abbas
At present, there are no exchange controls in Uzbekistan. However, some difficulties may remain in converting the Soum to foreign currency