Economy

Uzbekistan's Gold Exports Plunge 71.4% to US$2.8 Billion

Uzbekistan's Gold Exports Plunge 71.4% to US$2.8 Billion
Uzbekistan's Gold Exports Plunge 71.4% to US$2.8 Billion / Photo: AI-generated image.

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan's exports of non-monetary gold fell by 71.4% year-on-year to US$2.8 billion in January–September 2026, down from US$9.8 billion during the same period of 2025, according to the National Statistics Committee of Uzbekistan.

Gold's share of the country's total exports declined sharply from 35.9% to 10.8% over the reporting period.

The contraction marked a reversal from the previous year's trend. In January–September 2025, Uzbekistan's non-monetary gold exports had increased by 69.2% compared with the corresponding period of 2024.

Uzbekistan's total exports reached US$25.8 billion in the first nine months of 2026, representing a 5.5% decline from the same period a year earlier.

Despite the significant reduction in gold shipments, exports of other goods recorded substantial growth. Merchandise exports excluding gold increased by 31.6% to US$13.3 billion.

Services exports also expanded, rising 31.1% year-on-year to US$9.7 billion. Services accounted for 37.6% of Uzbekistan's total exports during the nine-month period.

Meanwhile, Uzbekistan's total foreign trade turnover reached US$65.4 billion in January–September 2026, an increase of 6.3% compared with the corresponding period of 2025.

Imports grew by 15.7% to US$39.6 billion, outpacing overall export performance.

As a result, Uzbekistan recorded a foreign trade deficit of US$13.7 billion during the first nine months of 2026.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.