Uzbekistan Halts Gold Exports for Fifth Consecutive Month

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan has gone five months without exporting gold, according to the National Statistics Committee.

No shipments of the precious metal were made to foreign markets in January–February 2026, compared with $1.7 billion during the same period in 2025. The suspension of sales began in October 2025 and continues despite high global prices.

Gold prices remained near $5,000 per troy ounce in January–February 2026 but adjusted downward to $4,500 by the end of March.

The absence of gold exports was the main factor behind the sharp 23.4% year-on-year decline in total exports, which totaled $3.5 billion in the first two months of 2026. However, exports excluding special exports, including precious metals, rose 24% to $2.1 billion, reflecting stable growth in non-commodity sectors.

The country’s total foreign trade turnover for the period reached $11.6 billion, up 7.1% from the same period in 2025, while imports rose 29.8% to $8.1 billion.