Uzbekistan cuts cotton exports

Tashkent, Uzbekistan (UzDaily.com) -- Over the past four years, exports of cotton fiber from Uzbekistan have decreased from 500,000 tonnes to 114,000 tonnes, the press service of the Uztekstilprom Association.

President Shavkat Mirziyoyev in March last year stressed that it is necessary to sell less cotton abroad and process it more within the country.

At the end of 2018, the share of cotton fiber in total exports (1.6%), compared with the same period last year, has decreased significantly. According to the State Statistics Committee, during this period 115,600 tonnes of cotton fiber were exported in the amount of US$222.1 million.

In 2018, Uzbekistan exported cotton to Iran, China, Turkey, Russia, Bangladesh, Singapore, Latvia, Georgia, the United States and other countries.

Analysis of the trend in the share of cotton fiber in total exports showed that in January-December 2015, the share of exports of cotton fiber amounted to 5.9% of its total volume, while 503,800 tonnes of raw materials were exported.

In January-December 2016, 416,000 tonnes of cotton fiber were exported.

According to the results of January-December 2017, its share in total exports decreased to 3.8% and, in general, 278,900 tonnes of raw materials were exported.