Republic of Uzbekistan

Economic Overview

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)

• Services: 48.7%
• Industry: 32.2%
• Agriculture: 19.%

Banks

• Central Bank of Uzbekistan
• National Bank of Uzbekistan

Imports

• Narcotics
• Counterfeit items
• Cultural artefacts and other objects of cultural importance.
• Henna
• Palm tree and any products thereof.
• Explosive material

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.

Exports

• The same as exports.

Ports and terminals: N/a (Landlocked country) – Cargo can be routed via Baltic ports (Riga, Tallinn, Klaipeda), and Bandar Abbas

Exchange controls

At present, there are no exchange controls in Uzbekistan. However, some difficulties may remain in converting the Soum to foreign currency