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Uganda's trade in East Africa region increased by 21%

Trade within the East African region increased for all countries except Burundi and South Sudan

Trade within the East African region increased for all countries except Burundi and South Sudan

Uganda's trade within the East African region has increased to 21 per cent from 14.6 in the last 2 years, a report on East Africa interstate trade has revealed. 
 
Statistics shared by the East Africa Community (EAC) Affairs ministry indicates that Uganda’s exports within the region fetched Shs 1.5 trillion in 2018/19 translating into a 21.2 per cent rise compared to 14.6 per cent in 2017.

State Minister for EAC Affairs, Julius Wandera Maganda, says Uganda’s growth in the East Africa region trade was majorly dominated by agricultural products such as coffee, maize, rice and cotton followed by manufactured goods.

“Manufactured goods such as cement, petroleum, sugar, confectionery, fats and oils, pharmaceuticals, steel and steel products, beer and sugar were also traded across the region,” said Maganda.

He revealed the figures during the ongoing NRM manifesto week at Office of the Prime Minister on Thursday where he also shared his ministry’s achievements, challenges and pending plans.


Uganda exports sugar to Tanzania 
Even though Uganda took lead in trade within the region, even other countries such as Kenya, Tanzania and Rwanda registered more than 13 per cent growth, while Burundi and South Sudan declined by 7.1 per cent and 18.5 respectively.

Maganda further elaborated that elimination of non-tariff barriers and increased intra-EAC trade in intermediate products like cold-rolled iron and clinker boosted the regions overall growth to $5.98 billion up from $5.47 billion in two years.

“The growth in intra-regional trade was attributed to favourable weather conditions over the year which increased production of agricultural commodities leading to higher exports that are traded among the partner states especially maize, dairy products and rice,” the report on EAC trade reads.

Nevertheless, EAC trade growth rate lags behind compared to the African average which stands at about 20 per cent per annum. This is blamed on similarity in goods produced in EAC such particularly agricultural and industrial products which are homogenous with little scope.

Comments

-1 #1 Lysol 2020-05-31 18:50
What trade? This report is a fallacy. The COVID-19 has brought a lot of mistrust among the countries with many truckers being turned away, after the contents of their trucks confiscated.

Maybe that is why some shady staticians do the fazy maths and come up with fake numbers.
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