Uganda’s 2019 export earnings reach a historic USD4.1 billion Over the last 10 years, export revenue has been growing at 7%, nearly twice faster than the import bill that has been growing at 4% annually. Gold, has now overtaken coffee as Uganda’s biggest source of export revenue.

Uganda’s export earnings in 2019, grew by 11.9% from USD3.6 billion in 2018 to USD4.1 billion in 2019. This was despite a 79% decline in formal and informal export earnings from Rwanda- from USD257.5 million in 2018 to USD54.3 million in 2019. Rwanda, one of Uganda’s top five sources of export revenue, closed its borders with Uganda in February 2019- constructing the movement of people and goods to a bare minimum. Gold was the leading export revenue earner- accounting for 31% or USD1.3 billion- followed by coffee at 11% or USD438.5 million. Gold earnings have since 2016 replaced coffee as…

by Muhereza Kyamutetera

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