Over the years the natural resources and trading of
Uganda have changed. This nation used to be one of the poorest in Africa but
now is trading with many other countries all over the world. Uganda has fertile
soil and many parts of the nation get enough rainfall to produce agriculture
for trade and to consume. This nation also has deposits of gold, copper,
cobalt, salt, limestone, and most recently discovered, oil.
Salt and sugar used to be the most important part of
the economy, but times change. The world is constantly updating so something
new had to be introduced to keep up with other nations and countries. One way
to grow a nation’s economy is finding a way to use new products received while trading
with other countries.
Some exports of Uganda include coffee, corn, fish, tea, cotton, flowers, gold, and horticultural products.[1] Coffee is the largest export and is a major part of the economy. The second largest export is fish products. These products come from lakes such as Victoria, George, Edward, Albert, and Kyoga. Unfortunately, the fish market could be dying because their supply is running low. Another surprising export is bananas. Uganda is the second largest banana exporter while the country of India is the largest.[2] Most farmers grow bananas and it is also the nations staple food, making it an important part of their diet. The website link below lists the exports and imports of Uganda and other interesting facts.
In 2008 Uganda traded mostly with Congo, Rwanda,
Sudan, Kenya, Switzerland, Netherlands, Germany, and the United Kingdom.[3] These countries depend on
each other for certain products and to help stabilize their economies. According
to Forbes, in 2017 Uganda was ranked 105 in best countries for business.[4] I hope you have enjoyed
learning about the many resources and trading opportunities Uganda has to offer.
Bibliography
"Uganda."
News, knowledge and information on bananas from ProMusa. Accessed February 16,
2018. http://www.promusa.org/Uganda.
"Uganda." OEC - Uganda (UGA) Exports, Imports, and Trade Partners. Accessed
February 16, 2018. https://atlas.media.mit.edu/en/profile/country/uga/.
Uganda Trade, Import, Export. (2010, April 9). Retrieved February 16,
2018, from http://www.economywatch.com/world_economy/uganda/export-import.html
[3] “Uganda
Trade, Import, Export.” http://www.economywatch.com/world_economy/uganda/export-import.html
No comments:
Post a Comment