Saturday, 03 September 2022 13:17

Export of Uzbek textiles reached almost US$2 billion in seven months Featured

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According to the State Statistics Committee, in January-July 2022, the export of textile products from Uzbekistan was carried out in the amount of US$1.91 billion, which accounted for 17% of the total export deliveries. Compared to January-July 2021, it increased by 19.2%.

In the structure of exports of textile products, the main share is occupied by cotton yarn (51.3%), as well as finished knitwear and garments (25.1%).

In January-July 2022, more than 494 types of textile products were exported to 67 countries of the world.

The role of light industry in the economy of Uzbekistan has increased markedly: its share in GDP amounted to 8.8%, in the volume of industrial production - 14.8%, in the volume of production of non-food consumer goods - over 44%.

To date, over 500 thousand people work at the enterprises of the industry.

Russia remains one of the largest and most reliable partners for Uzbek textile workers.

Official statistics recorded that in seven months of this year, textile products worth US$698.3 million were shipped to the Russian Federation, with an increase of 35.6% compared to the same period last year.

Over the 5 years of work of the Uztekstilprom association, the number of Uzbek exporters in the Russian Federation has grown 1.7 times, exports - 2.7 times (up to 960 million dollars). Cooperation links brought together more than 400 manufacturers of yarn, fabrics and knitted fabrics; investments covered 44 enterprises in Russia and 31 enterprises in Uzbekistan.

Strong ties have been established with the Ministry of Industry and Trade of Russia, an agreement has been concluded with the government of Ivanovo Region.

According to official forecasts, export deliveries are expected to grow to US$7 billion by 2025.

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