Uganda’s export earnings nearly double in October on coffee and gold sales
Uganda's export earnings experienced a significant increase in October, reaching $1.5 billion , almost doubling compared to the same period last year. This growth was primarily driven by strong performances in key commodities.
Uganda's export earnings experienced a significant increase in October, reaching $1.5 billion , almost doubling compared to the same period last year. This growth was primarily driven by strong performances in key commodities.
Coffee, a major export and foreign exchange contributor, saw substantial benefits from elevated global prices. Uganda, recognized as Africa's leading coffee exporter in 2025, generated a record $2.4 billion from coffee exports over the year leading up to October. The export volumes increased significantly, with Europe remaining the primary market.
Gold exports significantly contributed to the October resurgence, with earnings from gold shipments more than tripling year-on-year to approximately $965 million . This growth was attributed to both increased volumes and favorable global prices.
Uganda's export earnings experienced a significant increase in October, reaching $1.5 billion , almost doubling compared to the same period last year.
The robust performance of coffee and gold exports has substantially bolstered Uganda's external earnings, aiding in the support of foreign exchange reserves and strengthening the shilling amidst broader economic challenges.
Based on reporting by Africanews.
