Economic Relations between Turkey and Uzbekistan

Bilateral trade volume between the two countries has increased steadily since the 2000’s. In 2015 bilateral trade volume reached to amounting to 1.2 billion USD. Investments of Turkish firms in Uzbekistan exceeded 1 billion USD.

BILATERAL TRADE:

YEAR

EXPORT

IMPORT

VOLUME

BALANCE

2011

354,5

939,9

1294,4

-585,4

2012

449,9

813,3

1263,2

-363,4

2013

562,5

815,4

1377,9

-252,9

2014

603,4

780,7

1384,1

-177,3

2015

489,1

711,5

1200,6

-222,5

2014-2015 %

-19

-9

-13

-25

Source: TÜİK                                                                                                         (million Dollar)

In Uzbekistan, there are 519 companies with Turkish capital, working in the textile, hotel and pharmaceutical industries, in the manufacturing of building materials and plastics, as well as in the services sector.