Uganda’s export earnings almost doubled in October, driven by strong receipts from coffee and gold shipments, reflecting improved commodity prices and higher export volumes, according to data released by the Uganda Bureau of Statistics and cited by Reuters.
Total export revenues rose sharply compared with the same period last year, with coffee benefiting from elevated global prices and increased shipments, while gold exports continued to anchor foreign exchange inflows amid sustained international demand, Reuters reported.
Officials said the performance underscores the growing role of commodities in stabilizing Uganda’s external position, with the finance ministry noting that export diversification efforts remain a priority as the country seeks to reduce pressure on its currency and improve balance-of-payments resilience, as stated in official government briefings.
