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Uzbekistan : Diversification and GDP per Capita, Diversification of Core Industries

3.8.10 Diversification and GDP per capita a). Diversification of all industries, 2001–2007 400_ 300_ 200. 100_ Uzbekistan 10,000 20,000 30,000 40,000 50,000 Average GDP per capita, 2001–2007 b). Diversification of core industries, 2001-2007 400_ 300- 200_ 100_ Uzbekistan 0. 10,000 20,000 30,000 40,000 50,000 Average GDP per capita, 2001-2007 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. O 00 00 3.8.10 Diversification and GDP per capita a). Diversification of all industries, 2001–2007 400_ 300_ 200. 100_ Uzbekistan 10,000 20,000 30,000 40,000 50,000 Average GDP per capita, 2001–2007 b). Diversification of core industries, 2001-2007 400_ 300- 200_ 100_ Uzbekistan 0. 10,000 20,000 30,000 40,000 50,000 Average GDP per capita, 2001-2007 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. O 00 00

Uzbekistan : Diversification and GDP per Capita, Diversification of Core Industries

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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... anded 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 higher value. 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

Uzbekistan : Diversification and GDP per Capita, Diversification of Core Industries

Uzbekistan : Diversification and GDP per Capita, Diversification of Core Industries

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