The portfolio of ongoing Uzbekistan–China investment projects has reached approximately $60 billion, while bilateral trade approached $18 billion in 2025. The two countries proposed a new trade target of $30 billion in the coming years.
The portfolio of ongoing joint investment projects between Uzbekistan and China has reached approximately $60 billion, according to the official statement following bilateral talks on 31 August. More than 6,000 joint ventures operate in Uzbekistan, while bilateral trade approached $18 billion in 2025.
The two sides proposed setting a new trade target of $30 billion in the coming years. This is a forward-looking objective rather than current turnover, and no specific deadline was announced. Measures discussed include expanding reciprocal supplies of industrial and agricultural products and increasing the participation of Uzbek companies in trade exhibitions in China.
Priority areas for industrial cooperation include energy, chemicals, metallurgy, construction materials, food production, transport, infrastructure, agriculture and high technology. Digital economy, mining and mineral processing were identified as additional growth areas. The parties supported BYD’s plans to expand production capacity and localisation. Uzbekistan also expressed interest in deeper cooperation with Chinese financial institutions and invited Chinese companies to establish production in joint industrial zones.
The reported $60 billion represents the aggregate portfolio of ongoing projects and should not be interpreted as capital already deployed or projects already completed. For investors, execution, financing and localisation milestones will remain central to assessing its economic impact. Progress on the China–Kyrgyzstan–Uzbekistan railway will also be an important indicator of regional connectivity.
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