Türkiye, Uzbekistan Seal 5 New Deals, Eye USD5B Annual Trade
(MENAFN) Türkiye and Uzbekistan signed a fresh package of trade agreements on bilateral cooperation across multiple sectors, setting a short-term target of $5 billion in annual trade.
Turkish President Recep Tayyip Erdogan and Uzbek President Shavkat Mirziyoyev held talks in Ankara on the sidelines of the 13th summit of the Organization of Turkic States (OTS). The two leaders focused on trade, investment, mining, transportation and the defense industry.
The talks build on Mirziyoyev’s January visit to Türkiye for the High-Level Strategic Cooperation Council, which produced agreements on health, energy, finance and culture.
In Ankara, the leaders signed five additional agreements covering trade, social security and business support. Among them is a protocol widening the scope of the countries’ preferential trade agreement. They also created the Türkiye-Uzbekistan Business and Investment Council, designed to drive joint commercial projects and tighten links between public institutions and private sectors.
The new frameworks are expected to lift bilateral trade from nearly $3.1 billion last year toward a medium-term goal of $10 billion.
Trade snapshot
Türkiye ranks as Uzbekistan’s fourth-largest trading partner. Bilateral trade reached $2.4 billion in January-September, comprising $1.5 billion in Turkish exports and $917.4 million in imports. Türkiye posted a $1 billion trade surplus with Uzbekistan in both 2024 and 2025, as exports climbed over the past five years.
Turkish exports to Uzbekistan:
2021: $1.84 billion
2022: $1.877 billion
2023: $1.872 billion
2024: $2.2 billion (peak)
2025: $2.1 billion
Machinery and mechanical devices led the export basket at $572 million, followed by electrical machinery and equipment at $194 million and plastics at $123 million.
Turkish imports from Uzbekistan declined steadily:
2021: $1.8 billion
2022: $1.6 billion
2023: $1.2 billion
2024: $1.1 billion
2025: $1.03 billion
Copper and copper goods dominated Uzbek shipments to Türkiye at $414 million.
Construction and tourism
The Turkish construction sector has carried out 333 projects in Uzbekistan to date, worth more than $9.5 billion in total. It ranked 10th in the country with $1.1 billion in 2024 and moved up to sixth place with $940 million in 2025.
Tourism figures also point to deepening ties. Uzbek visitors to Türkiye averaged 146,000 a year in 2010-2020, then rose to 272,604 in 2021, 419,673 in 2022, 470,644 in 2023, 569,818 in 2024 and 649,719 last year, a 138.3% surge over five years.
Turkish President Recep Tayyip Erdogan and Uzbek President Shavkat Mirziyoyev held talks in Ankara on the sidelines of the 13th summit of the Organization of Turkic States (OTS). The two leaders focused on trade, investment, mining, transportation and the defense industry.
The talks build on Mirziyoyev’s January visit to Türkiye for the High-Level Strategic Cooperation Council, which produced agreements on health, energy, finance and culture.
In Ankara, the leaders signed five additional agreements covering trade, social security and business support. Among them is a protocol widening the scope of the countries’ preferential trade agreement. They also created the Türkiye-Uzbekistan Business and Investment Council, designed to drive joint commercial projects and tighten links between public institutions and private sectors.
The new frameworks are expected to lift bilateral trade from nearly $3.1 billion last year toward a medium-term goal of $10 billion.
Trade snapshot
Türkiye ranks as Uzbekistan’s fourth-largest trading partner. Bilateral trade reached $2.4 billion in January-September, comprising $1.5 billion in Turkish exports and $917.4 million in imports. Türkiye posted a $1 billion trade surplus with Uzbekistan in both 2024 and 2025, as exports climbed over the past five years.
Turkish exports to Uzbekistan:
2021: $1.84 billion
2022: $1.877 billion
2023: $1.872 billion
2024: $2.2 billion (peak)
2025: $2.1 billion
Machinery and mechanical devices led the export basket at $572 million, followed by electrical machinery and equipment at $194 million and plastics at $123 million.
Turkish imports from Uzbekistan declined steadily:
2021: $1.8 billion
2022: $1.6 billion
2023: $1.2 billion
2024: $1.1 billion
2025: $1.03 billion
Copper and copper goods dominated Uzbek shipments to Türkiye at $414 million.
Construction and tourism
The Turkish construction sector has carried out 333 projects in Uzbekistan to date, worth more than $9.5 billion in total. It ranked 10th in the country with $1.1 billion in 2024 and moved up to sixth place with $940 million in 2025.
Tourism figures also point to deepening ties. Uzbek visitors to Türkiye averaged 146,000 a year in 2010-2020, then rose to 272,604 in 2021, 419,673 in 2022, 470,644 in 2023, 569,818 in 2024 and 649,719 last year, a 138.3% surge over five years.
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