Uzbekistan Targets 11% E-Commerce Share in 2026 as Digital Growth Accelerates

Uzbekistan sets new e-commerce growth target

Uzbekistan is aiming to increase the share of e-commerce in its retail trade to 9–11%, as part of a broader strategy to accelerate digital transformation and modernize its economy.

The target was outlined during a government meeting led by President Shavkat Mirziyoyev, where new proposals were presented to strengthen the country’s e-commerce ecosystem.

Market shows strong growth momentum

Uzbekistan’s e-commerce sector has already experienced rapid expansion in recent years.

The market has grown nearly 20 times over the past eight years, reaching an estimated value of $1.3 billion, reflecting increasing consumer adoption and digital infrastructure development.

Despite this progress, e-commerce currently accounts for only around 4–4.6% of total retail trade, significantly below the global average of approximately 22%.

New strategies focus on infrastructure and customs reform

To support further growth, the government is focusing on improving logistics and trade processes.

A key priority is the development of bonded warehouse infrastructure, which allows imported goods to be stored under customs control with deferred payment of duties and taxes.

In addition, authorities are considering a system where customs duties are paid at the point of sale. This approach is expected to simplify trade operations and improve the investment climate.

Investment potential and global alignment

Officials estimate that the proposed reforms could attract up to $500 million in investment, supporting the expansion of digital commerce and related infrastructure.

Similar customs and logistics models are already widely implemented in countries such as China, the UAE, the United Kingdom, and Germany, indicating Uzbekistan’s alignment with global best practices.

Strengthening the digital economy

The initiative forms part of Uzbekistan’s broader efforts to develop its digital economy and increase the role of online commerce in overall economic activity.

With a young and increasingly connected population, the country is positioning e-commerce as a key driver of future growth, while continuing to invest in infrastructure and regulatory improvements.

Source:
https://menafn.com