TASHKENT—Uzbekistan exported gold valued at $4.9 billion from January through August 2024, reflecting a decrease in trade compared to the previous year, alongside a slight reduction in its gold and foreign exchange reserves.

According to Trend News Agency, data obtained from Uzbekistan’s Statistics Agency indicates that the gold export figures have dropped by 14.2 percent compared to the same period last year, which recorded exports worth $5.6 billion. Concurrently, Uzbekistan’s total gold and foreign exchange reserves stood at $39.1 billion in August 2024, marking a 4.5 percent decrease from July 2024’s $37.4 billion. Despite this monthly decline, gold remains the predominant component of the nation’s reserves, totaling $30.3 billion. This represents a 4.1 percent increase from the $29.1 billion recorded in July 2024.

Further illustrating the trend, Uzbekistan’s gold exports for the first half of 2024 reached $4.1 billion, a decrease of 4.6 percent compared to $4.3 billion during the same period in 2023. These fluctuations in gold trade and reserves highlight significant movements in the nation’s economic landscape, particularly in its management and valuation of precious metal resources.