Name: Uganda’s export earnings nearly double in October
Uploaded: 2025-12-18T17:22:40.137Z
Duration: 55 s
Description: The combined strength of coffee and gold has provided a timely boost to Uganda’s external earnings, helping to support foreign exchange reserves and strengthen the shilling amid broader economic pressures.

The combined strength of coffee and gold has provided a timely boost to Uganda’s external earnings, helping to support foreign exchange reserves and strengthen the shilling amid broader economic pressures.

Kampala

Uganda's export earnings in October reached $1.5 billion, almost twice the amount recorded in the same month the previous year, according to official data. The increase was primarily attributed to robust performances in coffee and gold exports.

Coffee, the country's leading export, benefited from favorable global prices and higher shipment volumes, with Europe remaining the main market. Gold exports also contributed significantly, with revenues more than tripling year-on-year due to increased volumes and strong international prices.

Uganda’s export earnings nearly double in October

Uganda's export earnings surged in October, nearly doubling to $1.5 billion compared with the same period last year, according to official figures. The sharp increase was largely driven by strong performances in coffee and gold exports. Coffee, Uganda's leading export and a key source of foreign exchange, continued to benefit from favorable global prices and rise in shipment volumes. Over the past year, coffee earnings have hit record levels with Europe remaining the main destination for Ugandan beans. Gold export also made a significant contribution to the October gains. Revenues from gold more than tripled year-on-year, reflecting higher export volumes and firm international prices for the precious metal.

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