AGP Executive Report
Last update: 3 hours agoTrade: Uzbekistan’s foreign trade turnover rose 6.3% to $65.4 billion in January–September, but imports climbed 15.7% as exports fell 5.5%, widening the deficit to $13.7 billion. China remained the biggest trading partner, followed by Russia. Reserves: International reserves fell 4.5% in October to $63.63 billion, their lowest level since December 2025, largely due to lower gold prices. The Central Bank’s gold holdings nonetheless reached a record 453.5 tonnes. Investment: Uzbekistan and Oman are exploring projects in manufacturing, logistics and agro-processing in each other’s economic zones. Talks also covered a joint roadmap, but no deal was announced. Transport: A Chinese ride-hailing company is preparing to enter Uzbekistan with its own cars; local drivers will provide the service under current rules. Clean energy: The 200-megawatt Nukus 2 wind farm is nearing completion, with its 100-megawatt-hour battery system being commissioned. Once fully operational, it could supply more than 300,000 people. Climate cooperation: Uzbekistan and Türkiye signed an environmental pact at COP31 covering climate action, pollution, waste management and the circular economy.
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