Uzbekistan and China Aim to Reach $20 Billion Trade Turnover
Economy
Tashkent and Beijing plan to raise bilateral trade to $20 billion while expanding investment and economic cooperation. This was announced at the Uzbekistan–China business forum in the capital.
Deputy Minister of Investments, Industry and Trade of Uzbekistan Ilzat Kasymov stated that China is currently the country’s largest trading and investment partner.
According to him, bilateral trade reached $17.8 billion in 2025, growing by 34% compared to 2024. This growth demonstrates the steady development of economic cooperation and strong potential for further expansion.
The sides intend to continue expanding cooperation in trade and investment, targeting $20 billion in mutual trade turnover.
In addition, Chinese investments in Uzbekistan’s economy amounted to $15.8 billion in 2025.
Kasymov said there are clear plans to increase this figure to $21 billion by 2026. He emphasized that behind economic indicators are people, trust, and mutual respect.
The strategically important China–Kyrgyzstan–Uzbekistan railway project is expected to open new logistical opportunities not only for the country but also for the entire region. The railway will help transform Uzbekistan into a major transport hub between East and West.
At the Uzbekistan–China business forum, a proposal was also made to build a “Xi’an” town in New Tashkent. According to the initiators, this project will help expand economic cooperation between the two countries.
It was also noted that one of the important topics of the upcoming Chinese delegation visit is the preparation for the third Uzbekistan–China interregional forum, which will be held in Xi’an in May this year.
According to him, bilateral trade reached $17.8 billion in 2025, growing by 34% compared to 2024. This growth demonstrates the steady development of economic cooperation and strong potential for further expansion.
The sides intend to continue expanding cooperation in trade and investment, targeting $20 billion in mutual trade turnover.
In addition, Chinese investments in Uzbekistan’s economy amounted to $15.8 billion in 2025.
Kasymov said there are clear plans to increase this figure to $21 billion by 2026. He emphasized that behind economic indicators are people, trust, and mutual respect.
The strategically important China–Kyrgyzstan–Uzbekistan railway project is expected to open new logistical opportunities not only for the country but also for the entire region. The railway will help transform Uzbekistan into a major transport hub between East and West.
At the Uzbekistan–China business forum, a proposal was also made to build a “Xi’an” town in New Tashkent. According to the initiators, this project will help expand economic cooperation between the two countries.
It was also noted that one of the important topics of the upcoming Chinese delegation visit is the preparation for the third Uzbekistan–China interregional forum, which will be held in Xi’an in May this year.
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