Review of trade and economic cooperation between Uzbekistan and Malaysia
Center for Economic Research and Reforms (CEIR) has prepared an infographic that analyzes the key aspects of trade, economic and investment cooperation between Uzbekistan and Malaysia over the past eight years. The infographics show the dynamics of trade turnover, the main directions of export and import, as well as the volume of investments, which allows us to identify prospects for further cooperation.
Dynamics of development of relations
In recent years, trade and economic relations between Uzbekistan and Malaysia have been developing significantly, which is confirmed by an increase in trade turnover and active interaction in various fields. Since the establishment of diplomatic relations in 1992, the countries have been striving to strengthen their ties, which has become especially relevant in recent years.
Uzbekistan's trade with Malaysia
From 2017 to 2024, trade turnover between Uzbekistan and Malaysia increased 1.6 times, from $65.5 million to $102.4 million. Exports increased 1.3 times, while imports increased 1.6 times. These indicators reflect the growing interest of both countries in mutual trade.
Over the past 8 years, the main commodity items of Uzbekistan's exports to Malaysia were chemical fertilizers and services, and imports were palm oil, oils of animal and vegetable origin, chemicals and detergents,food products, finished goods, as well as services.
B In 2024, Uzbekistan's exports amounted to $6 million, of which 41% were food products, including vegetables, legumes and fruits, and 55% were chemicals, in particular fertilizers.
Imports from Malaysia totaled $96.4 million, of which 23% were food products such as cocoa powder, coffee extracts, sauces and confectionery. Animal and vegetable fats, including palm and coconut oil, accounted for 44%, detergents and alcohol mixtures - 14%. In addition, 9% of imports were machinery and transport equipment, transport services - 4%, medical products - 2.1%.
Investment cooperation
Investment cooperation between Uzbekistan and Malaysia demonstrates significant potential for growth and development. As of January 1, 2025, 36 enterprises with Malaysian investments were registered in Uzbekistan, which indicates a growing interest in the Uzbek market.
For the period 2017-2024. the total volume of foreign direct investment and Malaysian loans to Uzbekistan amounted to $12.9 million.
Conclusion
Trade and economic cooperation between Uzbekistan and Malaysia has significant potential for further development. The growing interest of both countries in mutual trade and investment creates opportunities to strengthen ties in key sectors of the economy. This can contribute to economic development, the creation of new jobs and an improvement in the standard of living of the population.
To successfully develop relations, it is necessary to take an integrated approach and actively use existing opportunities.
Center for Economic Research and Reforms
Related news
Tashkent to Host Second Meeting of Termez Dialogue on Connectivity Between Central and South Asia on June 4–6
On 4-6 June, Tashkent will host the second meeting of the Termez Dialogue on Connectivity between Central and South Asia under the theme: “Peace, Connectivity, and Resilience: Shaping the Foundation for Shared Prosperity”.
Uzbekistan and Kazakhstan sign roadmap for trade and economic cooperation
As part of the working visit to Astana, President of Uzbekistan Shavkat Mirziyoyev and President of Kazakhstan Kassym-Jomart Tokayev attended a ceremony for the signing of an Action Plan to implement agreements reached in the areas of investment and trade.
The “Uzbek Model” of Rehabilitation: Seven Years of “Mehr” Humanitarian Operations
In the modern history of New Uzbekistan, protecting the rights, freedoms, and legitimate interests of its citizens – wherever in the world they may be – has become not merely a constitutional obligation, but the highest expression of the state's humanity and responsibility.