Are you planning to join the business of exporting items to East African Community countries?
This is a perfect guide on the lucrative exportable items that are fetching Uganda billions of shillings.
Did you know that beans are Uganda’s leading export to East African Community (EAC) member countries?
Well, according to 2017/18 figures shared by Uganda Revenue Authority (URA) recently, beans beat maize to emerge Uganda’s leading export to EAC. This analysis is based on the amount of foreign exchange a particular crop earns the country.
In 2017/18, Uganda exported 349.12 tons of beans to EAC earning the country US$123.2m (Shs461bn).
It is followed by maize that saw Uganda earn US$118.47m (Shs443.3bn) from 568.58 tons of maize exported to EAC countries in 2017/18.
In third place is tea.
In 2017/18, Uganda exported 66.81 tons of tea to EAC and earned US$90.9m (Shs340.1bn) from it.
Sugar is Uganda’s 4th most exported item to EAC. In 2017/18, Uganda exported 99.24 tons of sugar, earning US$64.46m (Shs241.1bn) from it.
Animal feeds come in the 5th place. Uganda exported 267.61 tons of animal feeds to EAC countries in 2017/18 and earned US$58.9m (Shs220.3bn) from it.
Sorghum is also among the top 10 most exported items to EAC countries. In 2017/18, Uganda earned US$54.8m (Shs205.03bn) from 86.13 tons of sorghum exported to EAC countries.
Milk and Cream take the 7th place. Uganda exported 79.95 tons of milk and cream to EAC countries and earned US$54.06m (Shs202.29bn) from it.
Brans, sharps and other residues are number eight. Uganda exported 229.87 tons of the above items and earned US$47.26m (Shs176.8bn) from them.
Raw tobacco is the 9th most exported item to EAC countries. Uganda exported 16.14 tons to EAC countries in 2017/18 and earned US$43.5m (Shs162.75bn) from it.
Fish fillets and other fish meat complete the 10 most exported items to EAC countries by Uganda.
Uganda earned US$42.38m (Shs158.5bn) from her 0.43 tons of fish fillets and other fish meat exported to EAC countries in 2017/18.
Going by the above figures, it means that Uganda earned Shs2.6 trillion from the 10 items exported to EAC countries in 2017/18.