Bishkek

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.

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.

Kyrgyzstan Gold Production was reported at 25,337.000 kg in Dec 2022. The data reached an all-time high of 27,900.000 kg in 2017 and a record low of 838.000 kg in 1994.

Among the Central Asian countries, Kyrgyzstan is an energy-rich country with a wide range of minerals. The main mineral mined in the country is gold, which has made the gold mining industry one of the pillars of the Kyrgyzstan’s economy. The major gold mine in the country that significantly contributes to the economic development of Kyrgyzstan is the Kumtor gold mine. The Kumtor gold mine is the largest open pit gold mine in Central Asia,

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Courtesy: Central Asian Light (Posted on January 18, 2024)

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