The value of Uganda's imports from Tanzania has surged significantly, primarily driven by the country's booming gold trade, which is worth nearly $3 billion.
Uganda has become increasingly reliant on Tanzania for unrefined gold, with recent reports indicating that 83% of Uganda's imports from the East African Community originated from Tanzania, reflecting a shift in trade dynamics within the region.
Citations:
[1] https://x.com/DailyMonitor/status/1816421891503988918
[2] https://www.herald.co.zw/gold-drives-ugandas-growing-trade-with-tanzania/
[3] https://africa.businessinsider.com/local/markets/ugandas-gold-trade-and-tanzanias-growing-import-influence/j7zgjy5
[4] https://allafrica.com/view/group/main/main/id/00079250.html
[5] https://www.theeastafrican.co.ke/tea/business/uganda-spends-209m-on-gold-imports-ura-data-shows-4303806