Uganda trade surplus with DRC hits $53m, its highest in East Africa
The EAC remained the top destination of Uganda’s exports, accounting for 37.6 percent of the total market share, followed by the Middle East and European Union. PHOTO | FILE | NMG
Uganda registered the highest trade surplus with the Democratic Republic of Congo (DRC) amounting to $53.07 million (Ush208.9 billion) in January, according to the Ministry of Finance Performance of the Economy report.
The report, which highlights the monthly performance of different sectors of the economy, noted that DR Congo received more exports from Uganda than any other East Africa Community (EAC) member state, followed by South Sudan at $41.68 million (Ush164 billion), Rwanda $23.1 million (Ush90.9 billion) and Burundi at $5.25 million (Ush20.6 billion). However, Uganda reported deficits with Tanzania of $88.41 million (Ush348 billion), and Kenya of $12.39 million (Ush48.7 billion).
