Uganda export earnings increase, driven by coffee and gold

Uganda, a nation that announced two years ago its discovery of a 31-million-tonne ore gold worth $13 trillion saw its export earnings increase by 40% in March 2025.

According to the Ministry of Finance, Planning and Economic Development, exports of gold, coffee, cacao beans, sugar, maize, and sugar were a major factor in driving growth. Exports totaled $899.10 (approximately $790 million euros).

Coffee exports reported the most significant growth in March, rising by nearly 207 per cent to $198.62 million  (approximately 175 million euros). PML Daily attributed this sharp rise to higher global coffee prices as well as an increase in Uganda’s export volume. reported. The price of coffee in the international market jumped from $3.27 a kilogram in March 20,24 to $5.15 a kilogram in 2025. This was mainly due to bad weather in Brazil, and Vietnam. These conditions raised concerns about dwindling global supplies.

Gold continues to be the main driver of foreign currency inflows. Over the past year, export earnings have risen by 42.4%, from $270.42 millions (237.4million euros) to 385.08million (315million euros). 

Uganda found one of the largest gold reserves in the world, generating global interest. The gold found was approximately 31 million metric tonnes, valued at $13 trillion.