Uzbekistan’s gold exports have reached an impressive $6.49 billion in the first five months of 2025, marking a significant 54.8% increase compared to the same period in 2024. This surge, reported by the National Statistics Committee, highlights the country’s growing role in global trade, with gold now accounting for nearly 44% of its total export revenues.
The rise is largely attributed to strong international demand and global gold prices hovering near record highs of around $3,000 per ounce. This favorable market condition has bolstered Uzbekistan’s trade revenues and enhanced its presence as a reliable gold supplier in the international arena.
Uzbekistan is among the world’s top gold producers, supported by major mining operations like the Muruntau mine. In 2023, the country produced nearly 120 tonnes of gold, ranking tenth globally. With gold playing a vital role in the country’s export strategy, it continues to drive trade momentum and economic growth.
The increase in gold exports has also contributed to a record high in Uzbekistan’s international reserves, which reached $49.66 billion by late May 2025. This growth reinforces the country’s economic resilience and provides a strong foundation for its trade and investment outlook.
Uzbekistan’s proactive approach to strengthening its gold sector and foreign reserves reflects a well-positioned trade strategy focused on long-term growth and financial stability. As global markets continue to shift, Uzbekistan’s performance stands out as a model of how strategic resource management can significantly enhance a nation’s trade success.
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