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The economy of Uganda has great potential and appears poised for rapid growth and development. [17] Uganda is endowed with significant natural resources, ...
Uganda enjoyed a strong and stable economy in the years approaching independence. [1] Agriculture was the dominant activity, but the expanding manufacturing sector appeared capable of increasing its contribution to gross domestic product (GDP), especially through the production of foodstuffs and textiles . [ 1 ]
Uganda Export Promotion Board (UEPB) is a public trade promotion organization established by Parliamentary Statute No. 2 of 1996. At the time of formation, it was known as the Uganda Export Promotion Council (UEPC). It is an agency that is regulated and supervised by the Uganda Ministry of Trade, Industry and Cooperatives.
The mining industry of Uganda, documented as early as the 1920s, witnessed a boom in the 1950s with a record 30 percent of the country's exports. It received a further boost when mining revenues increased by 48 percent between 1995 and 1997. [ 1 ]
The largest export categories to the United States are woven apparel, knit apparel, spices/coffee/tea, and edible fruit and nuts which are a part of the total $788 million exports as of 2015. The largest import categories are aircraft, machinery, electrical machinery, and cereals which are a part of the total $1.2 Billion of imports as of 2015.
A female coffee farmer at a field training school. Coffee is Uganda's top-earning export crop. [1] In 1989 Uganda's coffee production capacity exceeded its quota of 2.3 million bags, but export volumes were still diminished by economic and security problems, and large amounts of coffee beans were still being smuggled out of Uganda for sale in neighbouring countries.
The Ministry of Trade, Industry and Cooperatives (MTIC) is a cabinet level ministry of the government of Uganda.The mission of the ministry is to "develop and promote a competitive and export-driven private sector through the acceleration of industrial development", with the ultimate objective being the growth of the Ugandan economy. [1]
In April 2020, Uganda's annual sugar output was estimated at 510,000 metric tonnes. With Uganda's annual consumption of 360,000 metric tonnes, approximately 150,000 metric tonnes annually are available for export. [16] As of November 2020, national sugar output was estimated at 550,000 metric tonnes annually.