Uzbekistan eyes tripling of textile, apparel exports to $6.5bn by 2026

The global textile and apparel community has taken note of Uzbekistan's prospects, it was revealed at the ITMF Annual Conference and IAF World Fashion Convention held in Samarkand this week, with the country now looking to triple its global exports by 2026.

Hannah Abdulla September 12 2024

Key speakers at the event included leading Uzbekistan textile producers, international investors, and representatives from public organisations and regulatory bodies, who explored the sector's potential and outlined the steps needed to ensure Uzbekistan’s success in the global textile and apparel arena.

In recent years, Uzbekistan's textile and apparel industry has undergone significant reforms and modernisation, aligning itself with international regulations and the highest quality standards.

The introduction of cotton-textile clusters in 2017, along with progressive labour regulations and an eventual lifting of the cotton boycott in 2022 has transformed the industry, with the country now part of the Better Cotton Initiative and the Better Work programme.

Strong government support continues to attract investors including Youngone Corp which operates two factories in the country and is planning to expand further, bringing $55m in investments and creating over 5,000 jobs. The country's Prime Minister recently told an audience it is welcoming new investment into the sector.

Between January and July of this year alone, Uzbekistan exported over $1.7bn worth of textile products to 85 countries across all continents. By 2026, the country aims to triple its export volume to $6.5bn, underscoring its commitment to global growth and market expansion.

The international textile community has taken notice of Uzbekistan’s prospects. According to Karim Shafei, international partner at Gherzi Textil Organisation, Uzbekistan has the potential to become a game changer in the global textile industry and value chain.

Mirmukhsin Sultanov, acting chairman of Uztextileprom said: “Uzbekistan’s textile story is deeply rooted in history, dating back to the ancient Silk Road when we became a central hub for textile trade and craftsmanship. Today, we continue that tradition through reform and modernisation, embracing technology, innovation, and sustainability. The textile industry is a major driver of our national economy.”

Sultanov added, "From the introduction of cotton processing by the Chinese in 2000BC to today’s conference, we have achieved remarkable milestones. As we aim for our ambitious $10bn export target by 2030, we are confident that even greater successes lie ahead as we expand further into global markets."

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