07/06/2024

The volume of trade turnover between Uzbekistan and Russia amounted to $10 billion. The countries continue to develop trade and investment. Let's figure out what goods are in the top exports and imports, and what are the main trends in the development of relations between countries.

What goods does Uzbekistan supply to Russia?

The leading place is occupied by fruit and vegetable products. The most imported products are grapes, peaches, cherries, and tomatoes.

In second place are meat, milk and other food products. The quantity of purchased products of this type is going to increase.

Uzbekistan also supplies machinery and transport equipment to Russia.

What goods from Russia are you ready to buy in Uzbekistan?

The situation here is interesting. The leaders are, of course, fuel products, oils and similar materials.

But food also comes in second place. Russia supplies this country with sunflower oil, margarine, chocolate products, animal and vegetable fats, as well as some types of soft drinks.

 

How are things going with logistics?

Very good. Recently, the delivery of goods between countries has become even easier, and prices have decreased.

Trains remain the most popular delivery method. The opening of an agrological complex in the Jizzakh region only increases the amount of products sent by rail. Its tasks include providing participants in the agricultural market with sorting, processing, and storage services. Sanitary and customs clearance, preparation for transportation and logistics also take place there.

Cargo delivery by road transport is also very popular.

Well, air delivery remains in third place. All, of course, because of the prices.

What's new in calculations?

 

Countries are gradually switching to payments in national currencies. The share of the ruble in bilateral commercial transactions reached 58% at the end of last year. This is very convenient for Russian business. There is no need to think about currency conversion and other payment difficulties.

Conclusion

Given the warm relations between countries and convenient logistics, trade can bring additional profit to businesses. This is especially true for representatives of medium and small businesses in the field of agricultural products.

So, if you are not yet doing business with colleagues from Uzbekistan, then maybe it’s time to start?