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Tag Archives: trade deficit

How Uganda’s global trade deficit widened

Kampala, Uganda | THE INDPENDENT | Uganda’s trade with the world suffered an expanded deficit in June 2024, compared to the balance of trade registered in May this same year. According to figures at the ministry of Finance, Planning and Economic Development and Bank of Uganda, the difference between between the …

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VP Alupo calls for more equitable trade with China

Kampala, Uganda | THE INDEPENDENT | Vice President Jessica Alupo has said Uganda will benefit more from its relationship with China if the wide trade deficit between the two countries is narrowed. Speaking during the celebrations to mark 60 years of Uganda’s diplomatic relationship with China, at the Kampala Serena Hotel, …

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Uganda’s exports up but trade deficit grew higher

Kampala, Uganda | THE INDEPENDENT | Uganda has lost the trade deficit it had recorded against the European Union in July as imports of merchandises grew faster than the exports to the same region. Both exports and imports dropped sharply in April 2020, the first month of the lockdown that …

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US trade deficit widens in March on record export drop

Washington, United States | AFP | US exports plunged 9.6 percent in March — the biggest monthly decline on record — increasing the trade deficit to $44.4 billion as the coronavirus pandemic disrupted global commerce, according to government data released Tuesday. While widespread business shutdowns in the United States did not …

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