Uzbekistan’s Car Imports and Market Dynamics in Early 2025

Uzbekistan imported 4,415 cars valued at $75.9 million in Jan-Feb 2025, primarily from China. However, passenger car sales fell by 14.5%, indicating market shifts. While domestic sales remained stable, foreign car sales dropped significantly. The country experienced a sixfold decrease in imports in January, highlighting ongoing challenges in the automotive sector.

In the first two months of 2025, Uzbekistan imported a total of 4,415 passenger cars, amounting to a value of $75.9 million, as reported by the National Statistics Committee. Of these imports, China emerged as the leading exporter, providing 3,149 vehicles, followed by South Korea with 1,191 units and Japan with 32. Germany, the United States, and Mexico contributed smaller quantities of 11, 8, and 8 cars, respectively.

Despite the surge in imports, there was a notable decline in passenger car sales, which dropped by 14.5% in February compared to January, totaling 67,200 vehicles. This downturn is primarily attributed to decreased activity in the foreign car segment, indicating significant shifts in market trends and consumer behavior.

Sales figures for domestically manufactured cars held steady at 21,700 units, whereas there was a dramatic drop exceeding 50% for new foreign cars. This situation may reflect changing consumer preferences or potential disruptions in the supply chain that restricted availability of foreign vehicles.

According to the Customs Committee, January witnessed a dramatic decline in car imports, decreasing nearly sixfold year-on-year. During that month, only 1,796 passenger cars valued at $31 million were imported, a stark contrast to previous years. Additionally, hybrid vehicle imports experienced a staggering decline, dropping 31 times, while electric vehicle imports fell by 2.5 times.

In summary, the first two months of 2025 revealed significant trends in Uzbekistan’s automotive market, with an increase in imports primarily from China, yet a decline in overall car sales. The stability in domestic car sales contrasted sharply with the fall in foreign vehicle sales, indicating potential shifts in consumer behavior and market dynamics. The sharp drop in January imports serves as a warning signal of broader challenges facing the automotive sector in Uzbekistan.

Original Source: daryo.uz