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Why Uganda needs to promote her exports

Published on December 07, 2016

Uganda targets to become a middle status income country with a projected export performance of more than $8,000 million by 2020.To achieve this, the contribution of exports to Gross Domestic Product (GDP) is paramount. Available data demonstrates the high propensity for Ugandans to engage in import trade and in domestic commerce as opposed to export trade.

Uganda’s export performance is still very low with export to import ratio of 51 per cent. Uganda imports more than what she exports, creating a negative trade balance. Uganda’s total merchandise exports were worth $2.73 billion 2015 while merchandise imports into Uganda reached $6.065 billion in 2015. Trade deficit reached $3.3 billion in 2015. Read more. Source | Daily Monitor