Infographics: Trade, economic and investment cooperation of Uzbekistan with SCO member countries

Shanghai Cooperation Organization

The SCO is an international regional organization founded in 2001. Currently, the SCO includes 10 states: Belarus, India, Iran, Kazakhstan, China, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan.

2 states (Afghanistan and Mongolia) have observer state status in the SCO and 14 states have the status of dialogue partners (Azerbaijan, Armenia, Bahrain, Egypt, Cambodia, Qatar, Kuwait, Maldives, Myanmar, Nepal, UAE, Saudi Arabia, Turkey and Sri Lanka).

The accession of new members to the SCO, such as India and Pakistan in 2017, Iran in 2023 and Belarus in 2024, significantly expanded the geographical reach and political influence of the SCO and made it one of the largest regional organizations in the world.

The entry into the SCO of new states has also expanded the opportunities for the development of economic cooperation within the organization, especially in trade, investment and transport and logistics spheres.

Indicators of foreign trade of Uzbekistan with the SCO countries

SCO countries, in particular, Russia, China and the countries of Central Asia, are among the main trade and economic partners of Uzbekistan.

For the period 2017-2024. Uzbekistan’s trade turnover with the SCO countries increased 2.5 times from $12.9 billion to $32.5 billion, exports by 1.6 times from $5.8 billion to $9 billion, imports by 3.3 times from $7.1 billion to $23.5 billion.

At the same time, the share of trade turnover with the SCO countries in the country's total foreign trade turnover increased from 48.6% to 49.4%, in total exports decreased from 46.2% to 33.4%, in total imports increased from 50.6% to 60.4%.

In 2024 per country The SCO accounted for 33.4% ($9 billion)of total exports, while excluding gold($7.48 billion in 2024)in the total volume of exports that are supplied to other countries, the share of SCO countries in the total exports of Uzbekistan will be 46.3%.

In 2024 compared to 2023, Uzbekistan's trade turnover with the SCO countries increased by 0.1% from $32.5 billion to $32.54 billion, exports decreased by 3.5% from $9.33 billion to $9.01 billion, imports increased by 1.6% from $23.17 billion to $23.53 billion.

The largest share in Uzbekistan's foreign trade with the SCO countries in 2024 ranked:

in trade turnover: China - $12.5 billion (38.4%), Russia - $11.63 billion (35.7%), Kazakhstan - $4.28 billion(13.1%);

in exports:Russia - $3.7 billion (40.9%), China - $2.1 billion (22.8%), Kazakhstan - $1.45 billion(16.1%),Kyrgyzstan - $631.5 million(7.1%),Tajikistan - $605.0 million(6.8%);

in imports:China - $10.43 billion(44.3%),

It should also be noted that in 2024 the total volume of foreign direct investment and loans from member countries The SCO to Uzbekistan exceeded $11.4 billion(46.6% of the total volume of FDI and loans).

An important fact is that the markets of the SCO countries have become the main consumers of finished export products of Uzbekistan.

Thus, the bulk of (more than 80%) of all fruits and vegetables and other food products, electrical goods, as well as products from the textile and automotive industries exported by Uzbekistan is supplied to the SCO countries.

In turn, Uzbekistan imports from the SCO member countries products and raw materials that are important for economic development, which necessary for the operation of manufacturing enterprises, as well as to meet consumer demand in the domestic market.

In particular, the bulk of metal products, wood and petroleum products come from the SCO countries.

In addition, more than 50% of imported machinery and equipment, including components for the production of finished products, come from the SCO countries, mainly from China.

The SCO countries play a key role in ensuring the food security of Uzbekistan-about 70% of total food imports come from the SCO countries, in particular, the bulk of vegetable oil and grain products are supplied from Russia and Kazakhstan.

It should be noted that Uzbekistan, as one of the founding countries of the SCO, is located in the center of Central Asia, maintains close, friendly relations with all countries of the organization and is interested in expanding multifaceted cooperation with them.

CERR Public Relations Service