Uganda’s June Export Earnings Dropped By Shs156Bn-Report

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The Ministry of Finance, Planning and Economic Development has revealed that in June 2025, Uganda recorded a drop in its exports to a tune of Shs156.211Bn after the value of exports dropped by 3.6% from US$1,197.8 million (Shs4.261Trn) in May 2025 to USD1,154.4million (Shs4.111Trn) in June 2025, thus accounting for value of Shs156.211bnThe details are contained in Monthly Performance of Economy report for July 2025 that was published by last week in which the Ministry noted that the drop in exports was driven by lower export earnings from mineral products, tea, tobacco, maize, cocoa beans, sugar, among others.“Additionally, new tariff and non-tariff barriers including import quotas, were imposed on Uganda’s exports by some EAC- partner states. These affected exports to the region like tiles, fish, diary & meat products, onions, potatoes,” as noted in the report.Although it wasn’t all gloom for Uganda’s export sector as the Ministry revealed that as the other exports witnessed decline, this wasn’t the case for Coffee exports whose earnings during the period under comparison however increased by18.7 percent due to higher volumes exported (1,014,06260kg bags in June 2025 versus 793,44560kg bags in May 2025) which made up for the decline in the average unit price of coffee during the period.According to the Ministry of Finance, the Middle East remained the biggest market for Uganda’s exports in June 2025, accounting for 34.8 percent of the total merchandise exported during the month and almost all the exports to this region (98.0percent) were to the United Arab Emirates (UAE).This was followed by the East African Community (EAC) which accounted for 24.9 percent of merchandise exports, while the other notable importers of Ugandan goods in June 2025 included the European Union and Asia.Additionally, the Ministry also revealed that Uganda recorded an 8.8% modest growth in merchandise imports on a month-on-month basis, from USD 1312.3 million (Shs 4.668Trn) in May 2025 to US$1,427.3 million (Shs5,085Trn) in June 2025.“This growth was also attributed to an increase in formal private sector oil and non-oil imports. These include; animal & animal products by 53.6 percent, prepared foodstuffs, beverages & tobacco by 23.9 percent, June 2025 chemical & related products by 18.4 percent, petroleum products by 14.9 percent, and electricity May 2025 by 21.8 percent,” as highlighted in the report.On the origin of Uganda’s imports, the Ministry of Finance indicated that during the month of June 2025, Uganda sourced most of her imports from East African Community (EAC), accounting for 34.8 percent of the total imports for the month. This was a shift from Asia which was the biggest source of the country’s imports in May 2025. Asia was the second largest source of imports and accounted for 30.7 percentThe post Uganda’s June Export Earnings Dropped By Shs156Bn-Report appeared first on Business Focus.