Browsing: Uganda’s imports

Uganda’s trade deficit dropped against the European Union in July as imports of merchandises grew faster than the exports to the same region.

In April 2020, both imports and exports dropped sharply, being the first month of the lockdown as a measure to prevent the spread of the pandemic.

After the aviation sector was closed down, exports of fresh foods were greatly affected before a handful of cargo planes started operating at Entebbe and Jomo Kenyatta International Airports. Despite this, dry commodities like coffee and gold continued blossoming.

As the economy opened up due to relaxation of COVID-19 measures, trade with all regions started growing. In June, Uganda recorded a commodity trade surplus against the European Union of $0.5 million and $124 million against the Middle East.

According to the latest Economic Performance Report for August, the total merchandise trade deficit amounted to $185.44 million in July 2020 which was …