Uganda recorded a trade deficit of 323.60 USD Million in May of 2026. Balance of Trade in Uganda averaged -205.81 USD Million from 1993 until 2026, reaching an all time high of 14.60 USD Million in April of 1996 and a record low of -779.10 USD Million in September of 2025. source: Bank of Uganda

Balance of Trade in Uganda is expected to be -180.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Balance of Trade is projected to trend around -260.00 USD Million in 2027 and -230.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-05 08:30 AM
Balance of Trade
Apr $-304.1M $-362.7M $-420.0M
2026-07-06 09:30 AM
Balance of Trade
May $-323.6M $-300M $-330.0M
2026-08-06 09:30 AM
Balance of Trade
Jun $-323.6M $ -450.0M


Related Last Previous Unit Reference
Balance of Trade -323.60 -300.10 USD Million May 2026
Capital Flows -1483.34 -1850.21 USD Million Mar 2026
Current Account -560.67 -828.27 USD Million Mar 2026
Current Account to GDP -5.18 -8.48 percent of GDP Dec 2025
Exports 1346.12 1405.14 USD Million May 2026
Imports 1669.73 1705.20 USD Million May 2026
Terms of Trade 123.81 123.22 points May 2026


Uganda Balance of Trade
Uganda has a systemic trade deficit as a result of the country’s dependence on fuel imports. Uganda is a net exporter of agricultural products such as coffee and cotton. Uganda’s main trading partner is Kenya with 15 percent of imports and 10 percent of exports. Others include: UAE and South Africa.
Actual Previous Highest Lowest Dates Unit Frequency
-323.60 -300.10 14.60 -779.10 1993 - 2026 USD Million Monthly