TASHKENT, Uzbekistan, July 1. Uzbekistan continues to strengthen its position as a major global supplier of gold, with export volumes reaching $6.49 billion in the first five months of 2025.
Data obtained by Trend from the National Statistics Committee of the Republic of Uzbekistan shows that gold exports surged by 54.8 percent compared to the same period in 2024 ($4.19 billion). Despite the lack of gold exports in January, shipments rose sharply in February and maintained a steady pace over the following months. February exports totaled $1.73 billion, followed by $1.84 billion in March, $1.91 billion in April, and $1.01 billion in May.
The precious metal now accounts for 43.8 percent of Uzbekistan’s total exports, up from 37.1 percent last year, underscoring its growing significance in the country’s foreign trade structure.
The upward trend in gold exports has contributed to a notable rise in Uzbekistan’s international reserves, which reached a record high of $49.66 billion as of May 2025 (the highest level since data collection began in 2013). Reserves have now increased for five consecutive months, gaining $8.48 billion since the beginning of the year.