Doing Business in Uganda,East Africa and Beyond
Ugandan exports dropped to $209.86 million in December of 2014 from $222.13 million in November of 2014. According to latest Bank of Uganda figuree, exports averaged $106.46 million from 1993 until 2014,
reaching an all-time high of $271.08 million in May of 2013 and a record low of $12.40 million in July of 1993. Imports have gone up to $540.30 million in December of 2014 from $470.20 million in November of 2014. Imports in Uganda averaged $238.59 million from 1993 until 2014,reaching an peak of $626 million in March of 2011 and a record low of $44.20 million inAugust of 1993.Uganda mostly imports oil (24% of total
imports) followed by pharmaceutical products and capital goods. Uganda’s main import partners are: Kenya, UAE, China and India. The World Bank says Uganda can earn an additional $2.5 billion from non-traditional
trading partners in the region, and close the trade deficit in the next five years, if it removes trade barriers with neighbours. To maximize its trade potential, Uganda must look beyond the East African Community
(EAC) to all of sub-Saharan Africa. Uganda is also a member of the Common Market for Eastern and Southern Africa (COMESA). readmore.