Uganda: export earnings surge to $1.37 billion in February 2026, driven by gold and coffee

Uganda’s export earnings reached $1.37 billion in February 2026, up from $839.28 million a year earlier, marking a 63% increase, according to the Performance of the Economy Report released in March 2026 by the Ministry of Finance, Planning and Economic Development. The growth was largely driven by gold exports, which more than doubled to $818.16 million from $318.71 million, supported by higher global prices and increased demand from central banks. Coffee export earnings also rose to $180.98 million, with volumes increasing to 651,933 bags. At the same time, the import bill expanded by 65.2% to $1.4 billion, reflecting higher imports of mineral products, machinery, and chemical goods.