The Center for Economic Research and Reform has prepared an infographic reflecting the dynamics of foreign trade, investment cooperation and industrial cooperation between Uzbekistan and Kazakhstan.
Mutual trade indicators
Kazakhstan is one of Uzbekistan's largest foreign trade partners and ranks first in terms of trade turnover among Central Asian countries.
In 2016-2025, the trade turnover between Uzbekistan and Kazakhstan increased 2.6 times, from $1.9 billion to almost $5 billion.
In January-August 2026, the volume of mutual trade increased by 23.4% compared to the same period of the previous year, reaching $3.74 billion. At the same time, Uzbekistan's exports to Kazakhstan amounted to $1.02 billion, and imports - $2.72 billion.
During this period, Kazakhstan's share in Uzbekistan's foreign trade with Central Asian countries reached 61%.
The structure of mutual trade
In the structure of Uzbekistan's exports to Kazakhstan, machinery and equipment account for 32%, industrial goods - 15%, food products - 15%, services - 14.3%.
The main exported goods are automobiles, fruit and vegetable products, textile and chemical products, building materials and other finished products.
In the structure of imports from Kazakhstan, food products account for 40%, industrial goods - 23%, fats and oils - 10%, services - 2.4%.
The main imported goods are grain and milling products, metallurgical products, petroleum products, industrial raw materials, machinery and other goods.
The two countries have set a goal to increase the volume of mutual trade to $10 billion by 2030.
Investment cooperation
As of October 2026, 1,378 enterprises with Kazakh capital are operating in Uzbekistan. This represents about 58% of the total number of enterprises with capital participation in Central Asian countries, of which there are 2,384.
In 2016-2025, the total volume of foreign direct investment and loans attracted to Uzbekistan from Kazakhstan amounted to $1.7 billion.
In 2025, the volume of investments and loans attracted from Kazakhstan reached $870 million.
Enterprises with the participation of Kazakh capital operate mainly in the fields of trade, industry, construction, financial services and logistics.
In May 2026, a roadmap for the implementation of agreements in the field of investment and trade was signed with the participation of the Presidents of Uzbekistan and Kazakhstan. The document covers joint projects in the automotive industry, energy, chemical industry, metallurgy, pharmaceuticals, logistics, construction materials production and agriculture.
As of July 2026, the two countries are working on 80 joint projects worth more than $1.8 billion. Of these, 15 projects worth $227 million have already been commissioned, and about 5,000 jobs have been created.
Another 6 projects worth $102 million are under active implementation, and 59 promising initiatives worth $1.5 billion are under development.
In addition, a $7.8 billion investment and trade roadmap is being implemented between the two countries. Within the framework of this cooperation, it is envisaged to develop industrial cooperation, expand mutual supplies of products and attract new investments.
