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Browsing: Exports to Middle East
The Middle East and Comesa have become the leading export markets for Ugandan goods, according to the Bank of Uganda(BoU) report for the year ended December 2019.
The two markets and others in East Africa, Europe and America saw a 10.1 increase in Uganda’s exports for the period under review.
During the period, the Comesa, Middle East and (Common Market for East and Southern Africa) each fetched earnings of $1.2 billion.
According to some experts, the increasing exports to the Middle East is mainly due to the growing gold exports, specifically to the United Arab Emirates.
Also Read: Uganda growth could lower and oil investment delays are part of it, IMF says
The report also added that the Middle East also received a good share of Uganda’s fruits, coffee and vegetable exports in the same period under review.
The report further indicates that Uganda’s exports receipts from Comesa mainly came …