Uganda is earning big from coffee exports
Uganda’s exports for the year ending November 2025 reached USD 12.79 billion, the Ministry of Finance has revealed.
The PSST Dr. Ramathan Ggoobi says export of goods and services reached USD 13.4 billion in FY 2024/25, of which USD 10.6 billion was earned from export of goods only.
“Consequently, Uganda registered Balance of Payment (BOP) Surplus of USD 2.37 billion (UGX8.5 trillion) for the year ending October 2025 from a deficit of USD 683 million a year ago. This is the highest in the last 15-years. The BOP surplus is also on account of an all-time high financial account surplus of USD 5.6 billion driven by good performance of FDI and portfolio inflows,” said the PSST during release of funds for quarter 3 (Q3) for FY 2025/26.
Dr. Ggoobi also said Foreign direct investment (FDI) increased to USD 3.5 billion for the year ending October 2025 while Portfolio inflows were USD 1.7 billion for the year ending October 2025.
He said the remittances from Ugandans abroad reached USD 1.6 billion (Shs 5.76 trillion) in FY 2024/25, from USD 1.1 billion in FY 2020/21.
He also noted that tourists have renewed optimism, adding that Tourism earnings reached USD 1.7 billion in fiscal year 2024/25.
“This impressive growth is attributed to the sustainable peace, increased competitiveness of Uganda’s tourism industry, Government investment in strategic tourism infrastructure and the impact of our Economic and Commercial Diplomacy interventions,” he said.
Dr. Ggoobi said despite being an election year, Business Executives have maintained optimism in Uganda’s Economy.
As of November 2025, the said the Business Tendency Index (BTI) reached 57.2 (above the 50-mark threshold), the Composite Indicator of Economic Activity (CIEA) rose by 0.6 to 183.50 and the Purchasing Manager’s Index (PMI), increased slightly to 53.8 (above the 50 threshold).
