Gold exports brought Kyrgyzstan $1 bln

186 views Economy 0

During the first 11 months of 2023, Kyrgyzstan exported 15.5 tons of gold, generating a state revenue of $972.8 million. This is an increase of $971.7 million compared to the same period last year when gold sales abroad amounted to only $1.086 million, according to official statistics reported by Akchabar.

Switzerland shows the greatest interest, receiving the most significant portion of the gold – 12.8 tons, valued at $807 million. It is worth noting that there was no gold export to Switzerland in the previous year.

Gold export $mln)

Countries

2023

2022

Switzerland

807

0

China (Hong Kong)

85,2

0

UAE

80,3

0,296

Turkiye

0,3417

0,790

Following Switzerland, the next largest share of gold was exported to Hong Kong, where the volume amounted to 1.4 tons, totaling $85.2 million. The United Arab Emirates also received 1.3 tons of gold, with a total value of $80.3 million. Turkey is also included in the list of countries to which Kyrgyzstan supplied precious metal, but with a modest volume of 5.6 kilograms, valued at $341.7 thousand.

CentralasianLIGHT.org

January 18, 2024