Uganda’s export earnings increased by 10.2 per cent year-on-year in July, reaching US$1.40 bn compared with US$1.27 bn in the same month last year, supported by higher revenues from key commodities including gold, cocoa, flowers, and maize.
The figures were detailed in a report by Uganda’s Ministry of Finance, Planning and Economic Development, and reported by MENA, a partner of TV BRICS. The increase reflected stronger export receipts across a number of commodity groups, highlighting the continued contribution of agricultural and mineral products to Uganda’s external trade.
Gold recorded the largest increase among the commodities mentioned in the report, with its export value rising by 35 per cent to US$788.45m in July. The ministry attributed the rise in gold export earnings to higher shipment volumes, elevated international prices, and increased demand for the precious metal, which has maintained its role in international markets.
Uganda has developed into a regional hub for gold processing, strengthening the sector’s contribution to the country’s export performance. Gold and coffee remain among the East African country’s main sources of foreign exchange.
Alongside gold, the report noted that higher export revenues from cocoa, flowers, and maize contribute to the country’s participation in regional and international markets. The latest figures demonstrate the contribution of key commodity sectors to Uganda’s trade and economic activity.
