Uganda gold exports surge to record 5.8 billion dollars as safe haven demand grows

Uganda's gold exports rose 75.8 percent in 2025 reaching 5.8 billion dollars. The metal has now officially surpassed coffee as the nation's top foreign earner.

洞察:
Gold exports from Uganda UGUGsurged by 75.8 percent in 2025, reaching a total of 5.8 billion dollars compared to 3.3 billion dollars in 2024. This significant increase has established Goldas the largest export and primary source of foreign exchange for the country, officially surpassing coffee for the first time. The growth highlights a major structural shift in the export composition of Ugandaamid a volatile global economy.
The performance was largely driven by international prices for Gold, which rose by more than 64 percent throughout 2025 as global geopolitical tensions persisted. These tensions fueled a surge in demand for safe-haven metals, benefiting investors in assets like SPDR Gold Shares and the VanEck Gold Miners ETF . The high-price environment successfully attracted several new entrants into the gold trading sector over the course of the year.
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