Switzerland remains the world’s largest gold processing and trading center; the growth of imports from Uzbekistan indicates that the country is strengthening its position in the global gold mining and export market.
Increasing income from gold exports can play a significant role in Uzbekistan’s economy by strengthening export revenues, gold and foreign currency reserves, and stimulating the mining sector. Such dynamics can attract more international investors to gold mining and improve mining and logistics infrastructure.
The value of global gold purchases by Switzerland in the first half of 2025 increased significantly — both in terms of price and volume. Uzbekistan is among the top ten gold producers in the world. It has bypassed Australia and approached Canada in size.
Previous reports showed that gold exports from Uzbekistan increased to $3.57 billion in the first quarter of 2025, which constituted a significant portion of the country’s total volume.
