Overview of Trade and Economic Cooperation Between Uzbekistan and Malaysia (+Infographics)

The Center for Economic Research and Reforms (CERR) has prepared an infographic analyzing key aspects of trade, economic, and investment cooperation between Uzbekistan and Malaysia over the past eight years. The infographic highlights trade turnover dynamics, key export and import trends, and investment volumes, offering insights into opportunities for further collaboration.

Development Dynamics

In recent years, Uzbekistan and Malaysia trade and economic relations have grown significantly, as reflected in increased trade turnover and active engagement across various sectors. Since the establishment of diplomatic relations in 1992, both countries have been striving to strengthen ties, a goal that has become particularly relevant in recent years.

Trade Between Uzbekistan and Malaysia

Between 2017 and 2024, trade turnover between Uzbekistan and Malaysia increased 1.6 times, from $65.5 million to $102.4 million. Exports grew 1.3 times, while imports rose 1.6 times, reflecting growing mutual interest in bilateral trade.

Over the past eight years, Uzbekistan’s main export items to Malaysia have included chemical fertilizers and services, while imports have been dominated by palm oil, animal and vegetable oils, chemicals, detergents, food products, finished goods, and services.

In 2024, Uzbekistan’s total exports to Malaysia amounted to $6 million, with:

• 41% comprising food products, including vegetables, legumes, and fruits,
• 55% consisting of chemicals, primarily fertilizers.

Meanwhile, imports from Malaysia in 2024 totaled $96.4 million, with the following breakdown:

• 23% food products (cocoa powder, coffee extracts, sauces, and confectionery);
• 44% animal and vegetable fats (palm and coconut oil);
• 14% chemicals (detergents, alcohol-based mixtures);
• 9% machinery and transport equipment;
• 4% transport services;
• 2.1% medical products.

Investment Cooperation

Investment cooperation between Uzbekistan and Malaysia holds significant potential for growth and development. As of January 1, 2025, 36 enterprises with Malaysian investments are registered in Uzbekistan, reflecting a growing interest in the Uzbek market.

Between 2017 and 2024, the total volume of foreign direct investment and loans from Malaysia to Uzbekistan amounted to $12.9 million.

The primary sectors of Malaysian investment include:

• Food production,
• Leather goods manufacturing,
• Wholesale trade.

Conclusion

Trade and economic cooperation between Uzbekistan and Malaysia holds significant potential for further development. The growing mutual interest in trade and investment creates new opportunities to strengthen ties in key sectors of the economy. This collaboration can contribute to economic growth, job creation, and improved living standards.

To ensure the successful development of relations, a comprehensive approach should be adopted, maximizing of the potential existing opportunities.

Center for Economic Research and Reforms