Key statistics on economic and technological cooperation between Uzbekistan and Serbia

econews. Between 2016 and 2025, trade turnover between Uzbekistan and Serbia grew nearly ninefold, from $1.4 million to $12 million. According to UN Comtrade and the State Statistics Committee, Serbia’s exports to Uzbekistan reached $26.4 million by the end of last year. The primary imported products included:

Mineral fuels and petroleum products – $6.11 million;

Industrial and engineering equipment – $4.95 million;

Aluminum and its alloys – $4.28 million;

Chemical products and paints – $2.83 million.

Uzbekistan, in turn, primarily supplies the Serbian market with textile products – yarn and ready-made garments – as well as copper and agricultural goods. The two sides aim to increase bilateral trade to $50 million in the near future.

ICT and IT Sector: Thanks to the strategic Front Office and Back Office model, the two countries have established a complementary geostrategic partnership in information technology. Serbia serves as a gateway to the European Union market, while Uzbekistan is recognized as a key IT hub in Central Asia.

During the 2025-2026 business forums, in collaboration with IT Park Uzbekistan, the Front Office and Back Office project was successfully implemented.

Specific indicators and figures

In 2024, two IT Park residents supplied services valued at $42,000 to Serbia. By 2025, the number of exporting residents rose to six, with services worth $72,000. In 2026, total service exports surpassed $130,000, and the first resident company with a Serbian founder was registered within IT Park. Additionally, joint initiatives have been launched to develop the Palm ID biometric identification system, establish a Data Center, and create venture funds.

Fardona Yakhshiboyeva, UzA