From January to March 2023, the volume of furniture exports from Uzbekistan reached 3.6 million USD. This represents a 24.2% decrease compared to the corresponding period of the previous year. This gross estimation also includes parts of furniture, mattresses, bedding, mattress supports, professional furniture excluding healthcare, so the HS codes 9401, 9403, 9404 are considered.
The average currency exchange rate was 11,342.98 UZS for 1 USD in the current period under review. This rate shall be used to accurately convert the exported value to soums, for further market analysis in parallel to furniture imports and domestic production numbers given in current manufacturers’ prices.
The export ratio within domestically manufactured furniture in Uzbekistan, as per our calculation, is reaching 7.2% in the reporting period.
The exports data provided here is a preliminary estimation made by the State Customs Committee of the Republic of Uzbekistan immediately after the reporting period, available at the time this news item is being published. The given numbers are subject to change: the Customs update their analytics retrospectively, even a long time after the reporting period is finished. Those updated numbers and most actual data shall be included into our extended Market Reports.