Uganda’s trade deficit widens as Economy struggles through second lockdown
Uganda Shilling notes in bundles. The Uganda Shilling appreciated against the dollar transalting into a 0.3% appreciate rate for May. Courtesy photo
Uganda’s merchandise trade deficit widened by 50% from USD 269.25 million in April 2021 to USD 322.17 million in May 2021, reflecting stronger import demand.
Compared to May 2020, the deficit widened by 123%.
This is according to the June 2021 performance of the economy report released by the Ministry of Finance Planning and Economic development.
The report says the wider deficit reflec
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