Uzbekistan’s export diversification is also very constricted (Figure 3.8.10), especially for sophisticated products in the core areas of metals, machineries, and chemicals. While the economy has exp...
into somewhat more sophisticated products such as motor vehicles,
they are still exported only to a few destinations, mostly to the Russian
Federation. Uzbekistan therefore needs to expand its export markets
for industrial products, as well as lift its product lines to those with
Policies and investments that improve the business environment,
encourage private sector expansion, and strengthen infrastructure and
logistics would promote a more diversified and sophisticated export
sector. Uzbekistan is ranked last of 185 economies in the Trading Across
Borders category of the World Bank’s
Doing Business 2013
report. Costs of
exporting from and importing into the country average more than twice
those of regional competitors. Liberalizing external trade through lower
compliance costs, improved access to finance and foreign exchange, and
simplified customs procedures would assist the private sector, which
would in turn transform the economic landscape and promote growth.
Structural reforms are especially important in view of continuing global
uncertainty and the consequences for Uzbekistan’s export prospects of
advancing regional trade integration, as evidenced by the recent customs
union involving the Russian Federation, Belarus, and Kazakhstan.
Note: Countries with populations below 2 million were excluded.
Sources: UN Commodity Trade Data; Feenstra, R., R. Lipsey, H. Deng, A. Ma, and H. Mo. 2005. World Trade Flows: 1962–2000. NBER Working Paper No. 11040 - http://comtrade.un.org/db/?utm_source=Win+Global+Partners+List&utm_campaign=883c19aff2-russia_wto&utm_medium=email
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.
*Requires $10k minimum purchase
Please tell us more about your professional experience...
Please fill out at least one of the following fields