Uganda’s export earnings surged in October, nearly doubling to $1.5 billion compared with the same month last year, driven by strong receipts from key commodities, official data shows.
Uganda’s export earnings nearly double in October on coffee and gold sales
A farm employee holds processed coffee beans at Boa Esperanca farm in Braganca Paulista, Brazil, Monday, Aug. 4, 2025. (AP Photo/Andre Penner)
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Coffee, the country’s cornerstone export and a major source of foreign exchange, benefitted from elevated global prices, helping bolster overall export performance. As Africa’s top coffee exporter in 2025, Uganda earned a record $2.4 billion from coffee exports over the year to October, with volumes climbing sharply and Europe remaining the principal market.
Gold exports also played a significant role in the October rebound. Earnings from gold shipments more than tripled year-on-year to approximately $965 million, reflecting both higher volumes and buoyant global prices.
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.