Ugandaโs export sector has reached a historic milestone, with earnings from goods and services soaring to USD 18.04 billion (approximately Shs68.55 trillion) in the 12 months ending March 2026, reflecting the country’s growing strength in regional and international trade.
While presenting the National Budget for the Financial Year 2026/27 at Kololo Ceremonial Grounds, Finance Minister Henry Musasizi hailed the remarkable achievement as evidence of successful government efforts to diversify exports, promote value addition, and expand access to regional and global markets.
According to the minister, Ugandaโs export earnings have increased by an impressive 204 percent over the last five years, rising from USD 5.93 billion in March 2022 to USD 18.04 billion by March 2026. He described the growth as a reflection of the resilience, innovation, and competitiveness of Ugandan businesses.
The countryโs export basket continues to expand, with gold maintaining its position as Ugandaโs leading export commodity. Other major contributors included coffee, cocoa, fish products, steel products, sugar, and a growing range of manufactured goods.
Coffee remained one of the standout performers, generating USD 2.46 billion in export earnings during the year ending March 2026, up significantly from USD 1.84 billion recorded in the previous year. The increase has been attributed to higher production volumes, improved quality standards, greater value addition, and successful penetration into new international markets.
Government officials say the strong export performance has not only boosted foreign exchange earnings but has also strengthened Ugandaโs overall economic position. The country registered a Balance of Payments surplus of USD 2.47 billion, the highest level achieved in the past fifteen years.
The encouraging results underscore the impact of sustained investments in trade promotion, industrialization, and export-oriented production. Authorities believe the continued expansion of exports will play a vital role in creating employment opportunities, supporting local industries, and accelerating Ugandaโs journey toward economic transformation.
Looking ahead, government plans to intensify investments in export infrastructure, industrial parks, logistics networks, and trade facilitation initiatives to maintain the positive momentum and position Uganda as a leading export hub in the region.
As Uganda’s products gain greater recognition on international markets, the record-breaking export earnings signal a promising future for the country’s economy and reinforce the critical role of trade in driving sustainable growth and prosperity.
