Trade turnover between Uzbekistan and Malaysia has seen a remarkable increase, rising from US$65.5 million in 2017 to US$102.4 million in 2024. This surge reflects a robust growth in both exports and imports, with Uzbekistan's exports growing 1.3 times and imports increasing by 1.6 times during this period [c4323b6b].
Uzbekistan's main exports to Malaysia include chemical fertilizers and various services, while the imports from Malaysia are predominantly palm oil and chemicals. In 2024 alone, Uzbekistan exported goods worth US$6 million to Malaysia, with 41% of these exports being food products. Conversely, imports from Malaysia totaled US$96.4 million, with food products accounting for 23% of the total [c4323b6b].
As of January 1, 2025, there are 36 Malaysian-invested enterprises registered in Uzbekistan, showcasing the growing interest and investment from Malaysia. The total Malaysian investment in Uzbekistan from 2017 to 2024 reached US$12.9 million, with significant contributions in sectors such as food production and leather goods manufacturing [c4323b6b].
This upward trend in trade and investment between Uzbekistan and Malaysia not only highlights the strengthening economic ties between the two nations but also underscores the potential for further collaboration in various sectors, particularly in agriculture and manufacturing [c4323b6b].