Automobile Parts Exports of Uzbekistan: The Latest Trade Updates of 2024

Automobile parts are the individual components used for operating and maintaining a motor vehicle, like cars, trucks, buses, and motorcycles. This essential is currently one of the top preferences of the globally leading traders due to its crucial role in the automotive industry. The globalized vehicle manufacturing, along with the cost efficiency and specialization that accompany high global demand for vehicles, has maintained continuity in the global trade of automobiles. Uzbekistan Import Data says, the country in Central Asia, bordered by Kyrgyzstan and Tajikistan in the North-East and South-East directions, is right now a substantial contributor to the worldwide export market of automobile parts due to the strong government focus on industrial diversification and the simplified export documentation procedures.

The membership of the country in the Commonwealth of Independent States and the active participation in bilateral trade agreements have led to an export trade value of automobile parts exports from Uzbekistan worth 346 million US dollars in 2024. The favorable logistics roads and the central position of the country in Central Asia have benefited the overall trade revenue. Subscribe to Import Globals, the leading Uzbekistan import-export trade provider, to stay updated with the latest information regarding the automobile parts exports of the nation via the Uzbekistan Trade Data.

THE GOVERNMENT INITIATIVES SUPPORTING THE AUTOMOBILE PARTS EXPORTS OF UZBEKISTAN IN 2024

The Automotive Industry Development Programme has increased the production capacity at major plants like US Auto Motors; It has even improved the vehicle quality meeting. The export promotion and trade facilitation reforms have reduced the export time and logistic cost. It has also enhanced the competitiveness of Uzbek-made vehicles.

The incentives for localization and component manufacturing have lowered the production cost for export vehicles. It has also reduced the dependence on imported components. The free economic zones and industrial clusters have encouraged foreign direct investment and have improved production efficiency and export readiness.

THE TOP 10 VARIANTS OF AUTOMOBILE PARTS EXPORTED FROM UZBEKISTAN IN 2024

The strong trade ties with Russia and Central Asia, accompanied by the growing supplier ecosystem, have enabled the country to introduce a diverse range of its domestically produced automobile parts in the global trade output. According to Uzbekistan Export Data, the topmost variants of automobile parts exported from the nation in 2024 are,

Engine components — The annual valuation of Engine components exported from Uzbekistan in 2024–82 million US dollars
Transmission system parts — The annual valuation of Transmission system parts exported from Uzbekistan in 2024–75 million US dollars
Brake system components — The annual valuation of Brake system components exported from Uzbekistan in 2024–64 million US dollars
Suspension parts — The annual valuation of Suspension parts exported from Uzbekistan in 2024–58 million US dollars
Steering system parts — The annual valuation of Steering system parts exported from Uzbekistan in 2024–46 million US dollars
Electrical and electronic components — The annual valuation of Electrical and electronic components exported from Uzbekistan in 2024–38 million US dollars
Fuel system components — The annual valuation of Fuel system components exported from Uzbekistan in 2024–29 million US dollars
Cooling system parts — The annual valuation of Cooling system parts exported from Uzbekistan in 2024–22 million US dollars
Exhaust system components — The annual valuation of Exhaust system components exported from Uzbekistan in 2024–18 million US dollars
Tires and wheels — The annual valuation of Tires and wheels exported from Uzbekistan in 2024–15 million US dollars

TOP TRADE PARTNERS OF UZBEKISTAN IN 2024

The skilled technical labour workforce available in the country and the presence of large-scale manufacturers with proper establishment of the vehicle assembly infrastructure have maintained the integrity of the nation with the topmost investing regions. As per the Uzbekistan Customs Data, the topmost trade partners benefiting the automobile parts exports of the nation in 2024 are,

Russia — The total valuation of automobile parts exported from Uzbekistan to Russia in 2024–89 million US dollars