Uzbekistan’s Gold Exports Jump 32% in 2025

Uzbekistan’s gold exports reached $9.9 bn in 2025, marking a 32.3% increase compared with the previous year, according to the country’s foreign trade report.

In November, the Central Bank of Uzbekistan became one of the world’s top three buyers of gold, purchasing 10 tonnes in a single month. Only Poland and Brazil bought more, with 12 tonnes and 11 tonnes respectively. By early December, central banks globally had acquired more than 290 tonnes of the precious metal. Although this was below the record highs seen in previous years, demand for gold remained strong.

Uzbekistan’s foreign exchange and gold reserves also grew. At the start of 2026, total reserves exceeded $66.3 bn, with gold holdings rising to $55.1 bn, up from $50.8 bn on December 1, 2025.

Kursiv also reports that Uzbekistan plans to launch gold futures by 2026-2027.