After a six-month break, Uzbekistan resumed gold exports. This was reported by the Statistics Committee.
According to reports, in the first four months of this year, the country exported gold worth 1.5 billion US dollars.
The bulk of exports fell in April. Uzbekistan is among the countries that mine about 130 tons of gold per year. Therefore, gold is an important strategic resource for the country's economy. It not only increases export revenues, but also plays a significant role in ensuring budget stability and strengthening foreign exchange reserves.
After September 2025, Uzbekistan effectively halted gold exports. During this period, the Central Bank became one of the world's largest buyers of the precious metal. That is, the country preferred to strengthen internal reserves rather than export gold to foreign markets.
Experts cite several main reasons for this decision.
Firstly, the price of gold on the world market has reached a record level. In such a situation, strategic waiting rather than urgent selling was deemed more beneficial.
Secondly, increasing gold and foreign exchange reserves is an important task in ensuring economic security.
Gold serves as a kind of “safety cushion” in Uzbekistan's economy. When uncertainty in global markets increases, exchange rates fluctuate, or foreign trade conditions change, gold and foreign exchange reserves help maintain the country's financial stability.
From this point of view, the temporary suspension of exports did not lead to negative consequences for Uzbekistan. After the resumption of exports, the country received an income of 1.5 billion dollars in a short period.
