Uzbekistan sold $8.42 billion worth of gold in January-August 2025, recording a 68.9% increase in value to the same period last year ($4.99 billion), the National Statistics Committee said in a report.
The monetary value of the exports exceeded the 2023 all-time high ($8.15 billion) and the 2024 figure ($7.48 billion).
In August, the country exported $836 million worth of gold. Broke down by months, export volumes were valued at $1.73 billion in February, $1.84 billion in March, $1.91 billion in April, $1.01 billion in May, and $1.09 billion in July.
Gold's ratio standst at 36.7% of total exports (28.7% in January-August 2024).
However, the Statistics Committee has not disclosed the physical volume of sales. The new record can also be attributed to rising global prices. Last month, the gold’s price rose from $3,306.8 to $3,407.5 per troy ounce. In September, its price approached $3,700.
In August, Uzbekistan's international reserves set a new record, surpassing the $50 billion mark. Of this, over $40 billion was gold, a new high thanks to rising prices and an increase in reserves from 11.7 million to 11.8 million troy ounces.
The Navoi Mining and Metallurgical Plant, the fourth-largest gold producer in the world, produced almost 48 tonnes of gold in the first half of the year (up 1.4% year-on-year). Its net profit increased by 72% to a record $1.5 billion and revenue reached $4.7 billion (up 40.9%).
