What does uzbekistan trade

Relatedness measures the distance between a product, and all of the products a country currently specializes in. This network shows the products most related to the production structure of Uzbekistan. These are products that tend to be co-exported with the products that Uzbekistan exports. The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.

Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings. Send us an e-mail: [email protected]. Menu menu show Profiles Countries. About permalink to section. Historical Data permalink to section. Yearly Exports permalink to section. The GDP deflator to prices of was The annual inflation rate reached The relatively high inflation rate results from ongoing economic reforms, including the September foreign exchange rate liberalization.

In September , the government removed long-standing currency conversion restrictions and liberalized its monetary policy. The soum, the local currency of Uzbekistan, demonstrated about a 2. This is due to an increased demand for imported goods.

Local businesses, for instance, are taking advantage of new opportunities created by recent currency exchange and trade liberalization reforms to cover their unsatisfied import needs. Gross international reserves billion USD. The coronavirus crisis negatively impacted global trade. The country continued its industrialization policy of importing new capital equipment to modernize its manufacturing sector and infrastructure, with the machinery and transport sectors accounting for In practice, power is highly concentrated in the office of the president and the executive branch.

Uzbekistan will hold its next Presidential election on October 24, After winning election in , President Mirziyoyev implemented a reform program to turn Uzbekistan from a closed, isolationist country to one eager to cooperate with its neighbors, as well as regional and global powers.

The government started to implement reforms required for transition to a more transparent, competitive and market-based economy in Uzbekistan has signed bilateral agreements with 54 countries on the avoidance of double taxation, though the United States considers its U.

Uzbekistan also has treaties providing most-favored-nation treatment with 47 countries.