Uganda discovered 31 million tons of discovered gold in 2022 | Photo: Mehmet Ali Poyraz/Shutterstock
Uganda is a country that reported the discovery of 330 million tonnes of gold ore worth around $13 trillion two years ago, and export revenues rose 40% in March 2025.
According to the country’s Ministry of Finance, Planning and Economic Development, growth was primarily driven by increased export revenues from coffee, cocoa beans, gold, sugar, fish and corn. Exports reached $899.1 million (approximately 790 million euros).
Coffee exports reported the most significant growth in March, up nearly 207% to $1862 million (approximately 175 million euros). This sharp rise is attributed to rising global coffee prices, rising Uganda exports, and PML Daily. It has been reported. International coffee prices rose from $3.27 per kilogram per kilogram in March 2024 to $5.15 per kilogram in March 2025, mainly due to unfavourable weather in Brazil and Vietnam.
Gold continues to be a vital driver of foreign exchange inflows, with export profits rising 42.4% per year to $380 million (Euro 315 million).
In July 2022, Uganda discovered one of the world’s largest excavated gold reserves, sparking global interest. The discovery amounted to about 31 million tonnes of gold, worth around $13 trillion.
