Surprise Monthly Trade Surplus

For the first time since January 2008, and the second time in many years, Uganda posted a monthly trade surplus in April 2009, of US$37.8mn. Exports jumped in March and April, while imports fell significantly in April. Despite this favourable set of trade data, the full-year trade deficit for 2008/09 still looks as if it will come in at close to BMI's forecast of US$1.1bn.

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