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Tanzania, Zimbabwe Are Uganda's Main Gold Trade Partners

Unrefined gold imports from both Tanzania and Zimbabwe have pushed the two countries into becoming some of Uganda's largest trade partners, according to data from Bank of Uganda. In June 2021, Zimbabwe was Uganda's leading single source of imports, beating China and India. Imports from Zimbabwe surged to U.S.$170.8 million, which was higher than the U.S.$122 million and U.S.$100 million spent on goods imported from China and India, respectively.

Bank of Uganda Director for Communications, Charity Mugumya said that the surge had been a result of increased demand for unprocessed gold from Zimbabwe. According to data from the United Nations International Trade Statistics Database, in 2020, Uganda imported U.S.$203.57 million worth of gold in unwrought, semi-manufactured and powder form. Uganda also imports pearls, metals, raw tobacco, ferroalloys, nickel ore, diamonds and precious stones from Zimbabwe.

Tanzania: Tanzania, Zimbabwe Are Main Sources of Uganda's Gold - Bou

Monitor, 20 August 2021

Unrefined gold imports from both Tanzania and Zimbabwe have pushed the two countries into becoming some of Uganda's largest trade partners, according to data from Bank of Uganda. Read more »
Uganda: Uganda Trade Deficit Widens, As Imports From Tanzania Hit 19pc

East African, 4 August 2021

According to the Ministry of Finance, Bank of Uganda and Uganda Bureau of Statistics (UBOS) latest data, imports from Tanzania have capped a seven-month surge, replacing Kenya as… Read more »
Uganda: Gold Drives 27.7 Percent Growth in Export Earnings

Monitor, 8 July 2021

Uganda's exports have defied Covid-19 disruptions to grow in an environment that is characterised by slowed economic activity and business closures, according to Bank of Uganda. Read more »
Tanzania: Tanzania Exports to Uganda Surges By 25 Per Cent

Citizen, 17 June 2021

Uganda's imports from Tanzania almost doubled in April, signaling an increased reliance on East Africa's second largest economy. Read more »
Uganda: Inside Uganda's Complex Gold Trade

Monitor, 4 November 2020

Two girls lifted their eyes up and one asked me whether I wanted to buy gold when I stopped to observe their activities. They did not use sluice ponds, nor did they dig any pits -… Read more »
Zimbabwe: Govt, Uganda Upgrade Relations

The Herald, 9 October 2019

PRESIDENT Mnangagwa and his Ugandan counterpart President Yoweri Museveni have agreed to form a joint permanent commission that will enforce cooperation between the two countries… Read more »