{"id":11620,"date":"2024-03-05T17:55:52","date_gmt":"2024-03-05T17:55:52","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=11620"},"modified":"2024-03-05T17:55:52","modified_gmt":"2024-03-05T17:55:52","slug":"uganda-beats-the-worlds-largest-market-europe-in-bilateral-trade","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/uganda-beats-the-worlds-largest-market-europe-in-bilateral-trade\/","title":{"rendered":"Uganda beats the world\u2019s largest market; Europe in bilateral trade"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Uganda now exports more to the EU than it imports, marking a historic trade milestone.<\/li>\n\n\n\n<li>Shift attributed to reduced machinery imports and increased coffee sales to Europe.<\/li>\n\n\n\n<li>EU-Uganda trade sees Uganda earn \u20ac800 million, surpassing EU&#8217;s \u20ac700 million earnings for the first time.<\/li>\n<\/ul>\n\n\n\n<p>Revenue from Uganda&#8217;s exports to the European Union is now higher than the revenue the EU makes from exporting goods to the East African country. This new development has tipped the scale in favor of Uganda. The paradigm shift is a result of a higher demand for Uganda\u2019s coffee, while Uganda has reduced imports from the world\u2019s largest market.<\/p>\n\n\n\n<p>Uganda\u2019s bilateral trade with the EU is owing to the fact that Uganda now imports less machinery than it typically does from Europe. At the same time, Europe now purchases a higher volume of coffee from Uganda.<\/p>\n\n\n\n<p>The EU head of Delegation to Uganda, Ambassador Jan Sadek, disclosed that of the \u20ac1.5 billion worth of trade between the two countries, Uganda realized \u20ac800 million (Shs3.3 trillion), while the EU earned \u20ac700 million (Shs2.9 trillion).<\/p>\n\n\n\n<p>\u201cWe have quite an impressive trade turnover already, it is about 1.5 billion Euros. What is very important is that this trade is quite balanced,\u201d\u00a0said Mr Jan Sadek.<\/p>\n\n\n\n<p>This is the first time in Uganda\u2019s history that it has out-earned the world\u2019s largest market, a market with over 450 million people and a GDP of \u20ac16 trillion.<\/p>\n\n\n\n<p>The chairman of the Private Sector Foundation Uganda, Mr. Humphrey Nzeyi, noted that part of the reason this milestone was reached is due to the increase in Foreign Direct investment by the EU in the country, alongside an increase in demand for Ugandan products.<\/p>\n\n\n\n<p>\u201cThe EU market offers great opportunities for entrepreneurs. Uganda has lots of trade advantages with Europe and we need to build and capitalize, focusing on value addition, and standards for quality exports,\u201d\u00a0Mr. Nzeyi, stated.<\/p>\n\n\n\n<p>The majority of Uganda&#8217;s exports to the European market are agricultural products including coffee, fruits and vegetables, flowers, fish, and fish products. On the other hand, the EU exports to Uganda stems from different industries, including construction, energy, and tourism.<\/p>\n\n\n\n<p><strong>Editor:msserwanga@gmail.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue from Uganda&#8217;s exports to the European Union is now higher than the revenue the EU makes from exporting goods<\/p>\n","protected":false},"author":1,"featured_media":11621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[170],"tags":[],"class_list":["post-11620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/03\/R-1.jpg","jetpack-related-posts":[{"id":16873,"url":"https:\/\/prowebinhost.com\/anzu\/uganda-eu-trade-soars-as-both-sides-mark-50-years-of-diplomatic-ties\/","url_meta":{"origin":11620,"position":0},"title":"Uganda\u2013EU Trade Soars as Both Sides Mark 50 Years of Diplomatic Ties","author":"UgandaUpdate","date":"April 13, 2026","format":false,"excerpt":"The\u00a0European Union\u00a0has officially launched celebrations to mark 50 years of diplomatic presence and partnership in Uganda, highlighting over \u20ac5 billion in development cooperation and a rapidly expanding trade relationship between the two sides. Speaking at a press briefing in Kampala on Thursday, EU Ambassador to Uganda\u00a0Jan Sadek\u00a0described the milestone as\u2026","rel":"","context":"In &quot;National News&quot;","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/04\/HBgugijWAAEomOm-1.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/04\/HBgugijWAAEomOm-1.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/04\/HBgugijWAAEomOm-1.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/04\/HBgugijWAAEomOm-1.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/04\/HBgugijWAAEomOm-1.jpg 3x"},"classes":[]},{"id":17078,"url":"https:\/\/prowebinhost.com\/anzu\/european-union-celebrates-50-years-of-diplomatic-relations-with-uganda\/","url_meta":{"origin":11620,"position":1},"title":"European Union Celebrates 50 Years Of Diplomatic Relations With Uganda","author":"UgandaUpdate","date":"May 9, 2026","format":false,"excerpt":"The vice president told the European Union Diplomatic Corps, that Uganda remains steadfast in its pursuit of middle-income status under Vision 2040. The Vice President Jessica Alupo has reaffirmed Uganda\u2019s readiness to deepen cooperation with the European Union in areas that promote sustainable investment, technology transfer, and shared prosperity. She\u2026","rel":"","context":"In &quot;National News&quot;","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/05\/eu.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/05\/eu.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/05\/eu.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2026\/05\/eu.jpg 2x"},"classes":[]},{"id":14734,"url":"https:\/\/prowebinhost.com\/anzu\/uganda-overtakes-ethiopia-as-africa-continents-lead-exporter-of-coffee\/","url_meta":{"origin":11620,"position":2},"title":"Uganda Overtakes Ethiopia As Africa Continent&#8217;s Lead Exporter Of Coffee","author":"UgandaUpdate","date":"June 30, 2025","format":false,"excerpt":"East Africa\u2019s coffee industry is experiencing a moment of historic transformation, led by Uganda\u2019s rise as the continent\u2019s top coffee exporter. In May 2025, Uganda overtook Ethiopia by exporting a record 47,606.7 tonnes of coffee.\u00a0 Uganda has officially become Africa\u2019s top coffee exporter, surpassing Ethiopia with a record 47,606.7 tonnes\u2026","rel":"","context":"In &quot;National News&quot;","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/coff.jpeg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/coff.jpeg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/coff.jpeg 1.5x"},"classes":[]},{"id":9575,"url":"https:\/\/prowebinhost.com\/anzu\/president-museveni-opens-uganda-trade-hub-in-serbia-promotes-ugandas-coffee-at-meeting-with-president-of-the-serbian-parliament\/","url_meta":{"origin":11620,"position":3},"title":"President Museveni Opens Uganda Trade Hub in Serbia promotes Uganda\u2019s coffee at meeting with President of the Serbian parliament","author":"UgandaUpdate","date":"July 31, 2023","format":false,"excerpt":"In a whirl of activity, President Yoweri Museveni on his second leg in Eastern Europe , has opened the country's trade hub in Serbia and met the President of the country 's national parliament, Dr. Vladimir Orli\u0107.\u00a0 Museveni told the National Assembly President that Uganda as a country has succeeded\u2026","rel":"","context":"In &quot;Presidential visit&quot;","block_context":{"text":"Presidential visit","link":"https:\/\/prowebinhost.com\/anzu\/category\/presidential-visit\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/07\/m7-5.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/07\/m7-5.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/07\/m7-5.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/07\/m7-5.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/07\/m7-5.jpg 3x"},"classes":[]},{"id":14085,"url":"https:\/\/prowebinhost.com\/anzu\/uganda-airlines-announces-new-direct-route-to-london-gatwick-which-will-be-launched-on-may-18th-2025\/","url_meta":{"origin":11620,"position":4},"title":"Uganda Airlines Announces New Direct Route To London Gatwick Which Will Be Launched On May 18th, 2025","author":"UgandaUpdate","date":"March 20, 2025","format":false,"excerpt":"Uganda Airlines will charge USDs 733 for a return ticket the cheapest on the market The Minister of Works and Transport , Gen Edward Katumba Wamala, has announced the launch date for the long-awaited flights to London by the national carrier the Uganda Airlines. According to Gen Katumba, the inaugural\u2026","rel":"","context":"In &quot;National News&quot;","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/03\/air.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/03\/air.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/03\/air.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/03\/air.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/03\/air.jpg 3x"},"classes":[]},{"id":10580,"url":"https:\/\/prowebinhost.com\/anzu\/uganda-europe-convention-a-bridge-for-trade-tourism-and-investment\/","url_meta":{"origin":11620,"position":5},"title":"Uganda-Europe Convention: A bridge for Trade, tourism and investment\u00a0","author":"UgandaUpdate","date":"November 15, 2023","format":false,"excerpt":"The Uganda -Europe Convention has been activated during a high-level dialogue at the President\u2019s Office, Conference Hall in Kampala. The forum is intended to promote relations between Uganda and Europe, by highlighting the potential in various sectors including tourism, trade and investment. At the launch, Guest and of honour 3rd\u2026","rel":"","context":"In &quot;National News&quot;","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/jud2.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/jud2.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/jud2.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/jud2.jpg 2x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/pc0aOV-31q","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/11620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/comments?post=11620"}],"version-history":[{"count":1,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/11620\/revisions"}],"predecessor-version":[{"id":11622,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/11620\/revisions\/11622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media\/11621"}],"wp:attachment":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media?parent=11620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/categories?post=11620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/tags?post=11620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}