economy 7 May 2026 Uganda Investment Authority
Hong Kong Surges as Uganda's Second-Largest Export Destination
Uganda's export market has seen a significant shift, with Hong Kong now ranking as the second-largest destination for Ugandan goods, following the United Arab Emirates. This development is highlighted in the latest Performance of the Economy Report from the Bank of Uganda. Source: https://ugandainvest.go.ug/hong-kong-is-ugandas-second-biggest-export-market-after-united-arab-emirates
Uganda’s trade landscape is showing a notable expansion, as Hong Kong has solidified its position as the nation’s second-leading export market. This strategic placement trails only the United Arab Emirates, according to recent findings.
The Bank of Uganda’s Performance of the Economy Report indicates a substantial surge in export earnings from Hong Kong. In March 2026, receipts climbed to $317.74 million (UGX 1.17 trillion), a marked increase from the $181.96 million (UGX 673 billion) recorded in February 2026, representing a 74.6 percent growth.
Key commodities driving these exports include gold, which alone generated $851.35 million in March, and coffee, contributing $173.37 million to the export revenue during the same period.
Source: Uganda Investment Authority