The Minister of Finance, Planning and Economic Development Henry Musasizi says Uganda's export sector has registered unprecedented growth, with earnings from goods and services reaching USD 18.04 billion(approximately shs68.55 trillion) in the 12 months to March 2026.
Presenting the FY 2026/27 National Budget at Kololo Ceremonial Grounds on Thursday, Musasizi said the performance reflects the success of government efforts to promote export diversification, value addition and regional trade integration.
"Exports of goods and services have increased by approximately 204 percent over the last five years. This growth is a testament to the resilience of Ugandan businesses and the effectiveness of our export promotion strategies," said Musasizi.
According to the Finance Minister, export earnings increased from USD 5.93 billion in March 2022 to USD 18.04 billion by March 2026.
Gold remained Uganda's leading export, followed by coffee, cocoa, fish products, steel products, sugar and manufactured goods.
Coffee exports alone generated USD 2.46 billion during the year ending March 2026, compared to USD 1.84 billion recorded during the previous year.
Government has attributed the growth to increased production, improved quality standards, expansion into new export markets and investments in value addition.
Musasizi said the growth in exports has strengthened Uganda's external position and contributed to the country's Balance of Payments surplus of USD 2.47 billion, the highest level recorded in fifteen years.
Government plans to continue investing in export infrastructure, industrial parks, logistics and trade facilitation measures to sustain the momentum.
Officials believe stronger exports will play a critical role in creating jobs, increasing foreign exchange earnings and accelerating economic transformation.