Uzbekistan sharply increased its gold exports in the first seven months of 2025, selling nearly $7.7bn worth of the precious metal, according to an analysis by the Statistics Committee.
The figure is 83.7% higher than in the same period last year, making gold the country’s dominant export commodity.
Gold sales accounted for 37.7% of Uzbekistan’s total exports in January–July, which reached $20.1bn overall, up 34.9% y/y.
Imports during the same period stood at $24.3bn, rising 9.9% y/y. As a result, the country’s foreign trade turnover climbed to $44.4bn, marking a 19.9% increase compared to January–July 2024.
In July alone, Uzbekistan earned $3.2bn from exports, of which $1.1bn came from gold sales.
Meanwhile, on the global stage, central banks remained active buyers of gold. In June 2025, they purchased a combined 22 tons, with the Central Bank of Uzbekistan leading the pack by acquiring 9 tons. Overall, the country bought 18 tons in the first half of the year, ranking first worldwide in terms of gold purchases.
Uzbekistan is also ramping up domestic output. The country mined 56.7 tons of gold in 1H25, an increase of 3.8% y/y, reinforcing its position among the world’s leading gold producers and exporters.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)