Which products should Uganda leverage for export diversification?
This brief underscores the need to support export diversification in order to reduce Uganda’s trade deficit, address distortions in trade attributed to COVID-19 pandemic and other shocks such as climate change and geopolitical related issues, and to sustain economic growth and development. The brief indicates that light manufacturing and agricultural sectors have a high potential for export diversification, relative to other sectors. Additionally, Uganda’s potential export markets have been identified as Africa, Europe and Asia.