From January through May, Uzbekistan’s gold exports amounted to $6.49 billion, according to the latest data from the National Statistics Committee. This represents a 54.8% increase compared to the same period last year, when gold exports totaled $4.19 billion over five months.
Gold shipments abroad began in February – there were no exports in January – but thereafter monthly figures remained robust. In February, exports reached $1.73 billion, in March – $1.84 billion, in April – $1.91 billion and in May – just over $1.01 billion.
Consequently, the share of gold in Uzbekistan’s total exports rose from 37.1% to 43.8%, underscoring the pivotal role this commodity plays in the country’s foreign trade structure.
The expansion of gold exports has also bolstered Uzbekistan’s international reserves. As of the end of May, reserves climbed to a record $49.66 billion – the highest level since data collection began in 2013. This marks the fifth consecutive month of reserve growth, with the total volume increasing by $8.48 billion since the start of the year. (UzDaily)