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    Finance

    Uzbekistan's gold exports rise by 11.5% in February 2024

    Uzbekistan's gold exports rise by 11.5% in February 2024

    Uzbekistan recorded a notable increase in gold exports, selling $1.32 bn worth of gold, in February 2024. This represents an 11.5% rise compared to the same period in the previous year when gold exports totaled $1.18 bn. Gold exports constituted 36.3% of the country's total exports during the month, Statistics Agency informed.

    Photo: Uzbekistan recorded a notable increase in gold exports, selling $1.32 bn worth of gold, in February 2024.
    Source: Bloomberg

    Despite the surge in gold exports, other sectors experienced fluctuations. The share of industrial goods in exports decreased from 19.2% to 16.8%, with a slight drop in foreign sales volume from $613.4 mn to $610.7 mn. Additionally, the export of machinery and transport equipment declined from 4.4% to 3.5%, with export value decreasing from $142.1 mn to $128.2 mn.

    Conversely, the export of chemical products increased significantly, rising by 2.9 times from $155.8 mn to $240.9 mn. Consequently, the share of chemical products in Uzbekistan's exports increased from 4.9% to 6.6%.

    Overall, Uzbekistan's foreign trade turnover exceeded $9.9 bn in January-February 2024. This performance builds upon the record export value of gold in 2023, which totaled $8.1 bn.

    Earlier Daryo reported that the prices of gold bars and coins in Uzbekistan have surged to a record level. The cost of one gram of gold now sits at UZS 915,000 ($72.50), marking a 0.9% uptick compared to the preceding day. Similarly, the price of a 5-gram gold bar has reached UZS 4.575 mn ($363).

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    29.03.2024, 15:30   Comments (0)   2580
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