Import and Export Trade of Uganda 2023
Uganda, the East African country lies astride the equator and is known as the “Pearl of Africa”. The nation is rich in fascinating landscapes and interesting wildlife centuries with rare bird species and other animals. The country is spread over 242,938 square kilometers and shares its land with several countries like Kenya, South Sudan, Congo, Rwanda, and Tanzania. It has become a source of attraction because of its rich culture and enchanting history, also the hospitality and rich traditions of the people out there have done no less in attracting tourists. The country with a population of 44 million people is subdivided into 4 regions Central Uganda, Eastern Uganda, Northern Uganda, and Western Uganda.
The country possesses a fertile land surface because the agricultural sector accounts for more than 70% of its employment rate. The majority of the population in the nation practices Luganda as their native language followed by 70 others such as Swahili, English, Bantu, Nilotic etc. The economic growth of the East African country has been significantly increasing in the past years and has recorded a GDP of 44.37 billion US dollars in 2023 with a growth rate of 6%.
TOP 5 IMPORTS OF UGANDA 2023
As per the Uganda Import Data, the import products of the nation cater to the needs of its industries for stabilizing economic growth. The government is now more focused on developing the trade sectors for holding a rank in global trade. The top 5 imports of Uganda in 2023 with its import trade values are listed below,
• Refined petroleum (HS code - 27) - Import trade value of 2023 – 1.2 billion US dollars.
• Motor vehicles (HS code - 87) - Import trade value of 2023 – 800 million US dollars.
• Wheat (HS code - 10) - Import trade value of 2023 – 500 million US dollars.
• Pharmaceuticals (HS code -29) - Import trade value of 2023 – 400 million US dollars.
• Machinery and equipment (HS code -84) - Import trade value of 2023 – 350 million US dollars.
TOP 5 IMPORT DESTINATIONS OF UGANDA 2023
As per the Uganda Customs Data, the import destinations of the country play a significant role in its growth because the products imported from these destinations help the country expand its manufacturing capabilities leading to higher exports. The top 5 destinations from where Uganda imports most of its products are below,
• China – Uganda used to import a huge variety of products from China which accounts for around 20% share of the total imports. Due to the numerous productions of tech-specified products in China, Uganda used to export products like machinery and electronics from the South Asian state. The total import trade value of Uganda from China in 2023 is 2.5 billion US dollars.
• India – With a share of 15% in the overall import trade rate of the country, India holds the second position of the top import destinations of Uganda. The fertile land of India promotes the production of agricultural products; the total import trade value of Uganda imports from India in 2023 is 1.8 billion US dollars.
• United Arab Emirates – The United Arab Emirates is a significant trade partner of Uganda and holds a share of 10% of the annual import trade value. Uganda depends on UAE mostly for petroleum products and luxurious goods, the total import trade value of the products imported in 2023 is 1 billion US dollars.
• Kenya – Kenya, with its trade agreements and close geographic proximity with Uganda captures the top 4th position of Uganda’s import destinations list. The imported products from Kenya account for a share of 7% in the annual import trade with top traded products like petroleum fuels and beverages, the import trade value of 2023 is 700 million US dollars.
• Saudi Arabia – Lastly Saudi Arabia is in the 10th position of the top import destinations of Uganda. It has a share of 6% in the total import trade value with an annual amount of 600 million US dollars.
TOP 5 EXPORTS OF UGANDA 2023
The Uganda Export Data showcases that the country is mostly dependent on its global trade sectors for its growing economy. Being a vast manufacturer of a variety of technical and agricultural goods the country each year used to export a favorable amount of products to different nations for economic stability. The top 5 products that the country has manufactured and exported in the year 2023 with its export trade values are mentioned below,
• Coffee (HS code - 09) – Export trade value of 2023 – 600 million US dollars.
• Gold (HS code - 71) – Export trade value of 2023 – 400million US dollars.
• Tea (HS code - 09) – Export trade value of 2023 – 350 million US dollars.
• Fish (HS code - 03) – Export trade value of 2023 – 250 million US dollars.
• Oil (HS code - 15) – Export trade value of 2023 – 200 million US dollars.
TOP 5 EXPORT DESTINATIONS OF UGANDA 2023
The Uganda Trade Data enlists the below-mentioned 5 countries as the top 5 export destinations; export trade values of the countries are discussed below,
• United Arab Emirates – The United Arab Emirates is also considered a trading hub of the East African countries. Uganda used to produce a vast amount of coffee beans and export its high amount to the UAE. The total value of the exported goods from Uganda to the United Arab Emirates accounts for 800 million US dollars in 2023.
• Kenya – Kenya is one of the closest neighbor states of Uganda and a significant trade partner too. Uganda mostly used to export agricultural products like tea, coffee, and other vegetables to Kenya, the total export trade rate between these two countries in the year 2023 is 700 million US dollars.
• Democratic Republic of Congo – Congo with its increasing economic trade with Uganda holding a trade value of 600 million US dollars has captured the 3rd position of the top export destinations of the nation.
• South Sudan – Despite the unstable political relations, South Sudan maintains its significant role in Uganda’s export trade rate. It imports cereals, vegetables, and other agricultural goods from Uganda with a total export trade value of 500 million US dollars.
• Netherlands – Netherlands captures the top 5th position of the export trade partners of Uganda with an export trade value of 400 million US dollars in the year 2023.
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