Uganda Trade Analysis 2023

The Republic of Uganda bounded by Eastern Africa shares its land areas with Kenya, South Sudan, the Democratic Republic of Congo, Rwanda, and Tanzania in the east, north, west, southwest, and south direction. The diversity of natural beauties present there like beaches and mountain ranges along with a part of Lake Victoria and Nile grabs the attention of the visitors. The nation has a rich history that dates back thousands of years ago 1500 AD and represents the culture of that time through archaeological sculptures like the Bantu Speaking Cultures. The country is at an average height of 900 meters above sea level with various geographical diversities like volcanic hills, mountains, and lakes.



The East African country has a population of 48 million among which the majority resides in the largest city of the nation Kampala. The people there practice English as their official language whereas Luganda is spoken all over the country. The fertile soil of the land of Uganda and its favorable climate promote the agricultural sector to a great extent due to which 70% of the employment rate is dependent on it for their livelihood. Due to the advancing trade sectors and increased investments of government, the country has recorded a GDP of 44.37 billion US dollars in 2023 with a growth rate of 6%.

Top 10 Imports of Uganda 2023

Imports are a significant key player in the entire global trade of a nation because they not only contribute to domestic consumption but also cater to economic growth by increasing the rate of productivity. As per the Uganda Import Data, the top 10 imports of the nation with its import trade values of 2023 are discussed 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

• Wheat (HS code -10)  - Import trade value of 2023 – 231 million US dollars

• Trucks for transport (HS code - 84) - Import trade value of 2023 – 151 million US dollars

• Iron and steel (HS code -72) - Import trade value of 2023 – 130 million US dollars

• Electrical apparatus (HS code -85) - Import trade value of 2023 – 127 million US dollars

• Chemicals like pesticides (HS code -38) - Import trade value of 2023 – 110 million US dollars

Top 10 Import Destinations of Uganda

Import and export trades are now one of the most common ways of transporting necessities from different locations. Different global producers used to export products to Uganda for their economic stability to fulfill the import needs of the nation. As per the Uganda Customs Data, the top 10 import destinations of the nation with its annual trade revenues of 2023 are discussed below,

• China – Total annual revenue of 2023 – 2.5 billion US dollars

• India – Total annual revenue of 2023 – 1.8 billion US dollars

• UAE – Total annual revenue of 2023 – 1 billion US dollars

• Kenya – Total annual revenue of 2023 – 700 million US dollars

• Saudi Arabia – Total annual revenue of 2023 – 600 million US dollars

• Japan  – Total annual revenue of 2023 – 500 million US dollars

• Tanzania  – Total annual revenue of 2023 – 450 million US dollars

• South Africa  – Total annual revenue of 2023 – 320 million US dollars

• Gambia  – Total annual revenue of 2023 – 190 million US dollars

• Zimbabwe  – Total annual revenue of 2023 – 100 million US dollars

Top 10 Exports of Uganda

The rate of productivity of the nation has attained a steady exponential hike from the previous few years which led to a massive growth rate in its trade sector. The exported products of the nation hold a major share in its total revenue after the finance sector says the Uganda Export Data; the top 10 exported products of Uganda in 2023 with export trade values are discussed 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

• Seafood (HS code - 03) – Export trade value of 2023 – 180 million US dollars

• Maize (HS code - 11) – Export trade value of 2023 – 120 million US dollars

• Petroleum fuels (HS code - 27) – Export trade value of 2023 – 90 million US dollars

• Plants (HS code - 06) – Export trade value of 2023 – 70 million US dollars

• Iron and its articles (HS code – 73) – Export trade value of 2023 – 60 million US dollars

Top 10 Export Destinations of Uganda

The trade sectors of Uganda used to import its products to different countries across the globe with favorable trade rates. The export destinations cater the economic growth to a great extent with higher exports of agricultural goods. As per the Uganda Trade Data, the top 10 export destinations with annual revenues of 2023 are discussed below,

• United Arab Emirates – Annual export trade revenue of 2023 – 800 million US dollars

• Kenya – Annual export trade revenue of 2023 – 700 million US dollars

• Democratic Republic of Congo – Annual export trade revenue of 2023 – 600 million US dollars

• South Sudan – Annual export trade revenue of 2023 – 500 million US dollars

• Netherlands – Annual export trade revenue of 2023 – 400 million US dollars

• Italy – Annual export trade revenue of 2023 – 300 million US dollars

• South Sudan  – Annual export trade revenue of 2023 – 250 million US dollars

• Belgium  – Annual export trade revenue of 2023 – 100 million US dollars

• Tanzania  – Annual export trade revenue of 2023 – 90 million US dollars

• Germany  – Annual export trade revenue of 2023 – 70 million US dollars

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