Uzbekistan exported gold worth approximately $3.57bn in the first quarter of 2025, accounting for 44% of the country’s total export revenue, according to data released by the Statistics Committee.
From January to March, total exports reached $8.1bn, marking a 24.4% increase compared to the same period in 2024. The rise is attributed largely to the Central Bank's sale of gold at significantly higher international prices.
The $3.57bn figure represents a substantial increase from previous years. In the first quarter of 2024, gold exports totaled $2.66bn. In the same period of 2023—when overall exports hit a record $8.1bn—gold sales stood at $2.4bn.
Uzbekistan exported $1bn worth of gold in the first quarter of 2021, followed by a sharp increase to $2.97bn in the same period of 2022. In contrast, no gold exports were recorded during the first quarter of 2020.
Gold exports in earlier years also varied:
- $823.9mn in 1Q15
- $375.1mn in 1Q16
- $388.7mn in 1Q17
- $1.3bn in 1Q18
- $1.2bn in 1Q19
In February 2025, the Central Bank exported $1.73bn worth of precious metals, while no gold was sold in January. This indicates that over $1.8bn worth of gold was exported in March alone.
As a reminder, the international price of gold reached a historic high of $3,509 per ounce on April 22, 2025, before slightly retreating.
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