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
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