Uzbekistan's exports to Egypt have increased 16 times over the past 5 years, Obid Khakimov, director of the Center for Economic Research and Reforms of Uzbekistan (CEIR) said, Nova24.uz reports.
The main article of Uzbek export to Egypt was textile products. In addition to it, Uzbekistan exported transport equipment and services, including air transport services.
Back in 2018, an agreement worth $483 million was reached between the countries. From 2017 to 2022, the trade turnover has more than tripled - from $10 million to $30.5 million. Uzbek-Egyptian relations in the economic sphere have entered an active phase of their development,” adds CERR director Obid Khakimov.
Uzbekistan imported food products, chemical products, machinery, transport equipment and services from Egypt.
To date, 29 joint ventures with Egyptian capital operate in Uzbekistan, and in addition to the above-mentioned results already achieved, experts note a huge untapped potential, the report says.
Earlier it was reported that Uzbekistan increased the export of watermelons by 150 times in five years. Experts analyzed the country's market.
It turned out how much Uzbekistan returned defective products to exporters. The country has increased the number of entrepreneurs who supply fruits and vegetables to international markets.
CentralasianLIGHT.org
March 13, 2023