{{Uganda’s Exports have hit a US$2.3Billion mark up from US$2.1Billion in 2011, the country’s Export Promotion Board said Tuesday. }}
The statistics were presented in parliament before the House committee on tourism, trade and industry.
The Export Promotion Board said non-traditional exports of mainly maize, rice, sugar and mineral water earned the country $1.9billion in 2012 from $1.4b in 2011.
The growth in exports is attributed to a reduction in informal cross-border trading responsible for a large percentage of cereal trading between Uganda and her direct neighbours.
Top Uganda export markets, include France for cotton and oil seeds, Sudan, Congo, Kenya, United Arab Emirates, Tanzania, Rwanda and Common Market for Eastern and Southern Africa (COMESA) partner states.
The Exports Board said tough economic conditions in Europe took a negative toll on Uganda exports, with exports to Netherlands, Germany, UK, Belgium, Italy and Spain all registering a decline.
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