Bou: Uganda Enjoying Trade Surplus With Neighbours

From: independent.co.ug

Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports.

According to Adam Mugume, Bank of Uganda’s Executive Director for Research and Policy, Uganda’s regional trade surplus is due to improved agricultural productivity and stable macroeconomic conditions.

Figures from the Ministry of Finance, Planning and Economic Development show that Uganda’s formal exports to neighbours is worth 1.1 billion dollars, up from 425 million dollars in 2007.

Citing Kenya, Mugume says for the period between January and October 2018 Uganda, for the first time in many years, exported more items to Kenya than she imported.

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