Uganda’s Ministry of Finance has revealed that in September 2025, the country recorded a 10.32% drop in exports from US$1,056.37million (UGX3.776Trn) in August 2025 to US$947.33million (UGX3.385Trn) in September 2025.The details are contained in the Performance of the Economy Monthly Report for October 2025 that was released on Monday in which the Ministry announced that the Uganda’s merchandise exports amounted to US$947.33 million in September 2025, representing a 35.8 percent increase from US$ 697.60 million recorded in September 2024, which growth was largely driven by higher receipts from commodities such as gold, coffee, base metals & their products, crude oil (excluding petroleum products), oil re-exports, as well as fish & its products.“However, on a month-to-month basis, export earnings dropped by10.32percent from USD1,056.37million (UGX3,776,223,100,000) in August 2025 to USD947.33million (UGX 3,385,538,500,000) in September 2025. This was driven by lower earnings from commodities including: gold, sugar, cocoa beans, oil re-exports and base metal exports,” read in part the report thus totalling to a difference of UGX390,684,600,000.The Ministry of Finance further indicated that in September 2025, the Middle East remained Uganda’s leading export destination, accounting for 32.98 percent of total merchandise exports and within this region, the United Arab Emirates dominated the market, absorbing 97.12 percent of Uganda’s exports the Middle East.Other key export destinations included the East African Community (25.7percent), Asia (16.7percent), and the European Union (15.2percent), respectively. Relatedly, the Ministry of Finance also indicated that Uganda’s merchandise imports increased by 43.6 percent, from US$1,015.6 million (UGX3.628Trn) in September 2024 to US$1,458.5 million (UGX 5.208Trn), in September 2025.“This growth was mainly driven by higher formal private sector imports of mineral products (excluding petroleum), machinery and equipment, vehicles and accessories, petroleum products, base metals & their products, as well as vegetable & animal products, beverages, fats, & oils,” explained the report.According to the Ministry of Finance, on a month to month basis, merchandise imports rose by 5.1 percent, from USD 1,388.2 million (UGX 4.959Trn) in August 2025 to US$1,458.5 million (UGX5.210Trn) in September 2025. The increase was largely due to higher formal private sector imports of petroleum products, wood & wood products, machinery & equipment, vehicles & accessories, prepared foodstuffs, tobacco & beverages, and textiles & textile products, among others.The report further highlighted that the origin of Imports Asia and the East African Community (EAC) remained the primary sources of Uganda’s imports in September 2025, accounting for 30.9 percent and 24.1 percent of total imports, respectively. Other notable sources included the Rest of Africa (22.7 percent), the Middle East (11.1 percent), and the European Union (7.4 percent).The post Uganda’s Exports Dropped By UGX390.6Bn In September-Report appeared first on Business Focus.