COVID-19: Uganda's exports decline by 34.3%

게시됨 2020년 6월 23일

Tridge 요약

Uganda's export earnings fell by 34.3% in April 2020, compared to March 2020, due to the COVID-19 pandemic. The country's export earnings amounted to $207.15 million in April, a decrease from $315.52 million in March. Key exports like coffee, cotton, oil re-exports, beans, fish, base metals, and their products experienced significant declines. Importally, China, a major market for Uganda's coffee, was to feature Uganda as the portrait country at this year's Expo, offering increased awareness and market penetration. Imports in April also decreased by 32% compared to the previous month, with both government and private sector imports declining. About 42% of Uganda's tax collection is derived from international trade, and the slowdown in trade due to COVID-19 is expected to negatively impact tax collections for the year.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Cargo trucks. (File photo) Figures released by the Ministry of Finance, Planning and Economic Development indicated a range of export products continue to suffer from the effects of COVID-19. BUSINESS EXPORTS KAMPALA - Uganda's earnings from exports declined by 34.3% in April compared to March 2020 as the coronavirus pandemic disrupts businesses and several supply chains. Figures released by the Ministry of Finance, Planning and Economic Development, indicated a range of export products continue to suffer from the effects of COVID-19.Export earnings hit to $207.15m in April, down from $315.52m in March 2020. Coffee, one of Uganda's leading exports by 19.5%, fetching the country only $36.9m in April from $45.8m in March. COVID-19 lockdowns by governments left several business hubs, hotels and restaurants empty. According to economic experts at PwC: "China is a major market for Uganda coffee and Uganda was to be the portrait country at this year's Expo. This was going to give our ...

출처: UGNewsVision