Uganda recorded a trade deficit of $349.1 million in February 2026, widening from $211.5 million in the same month last year. Exports surged 63.7% year-on-year to $1,374.2 million, while imports jumped 64.0% to $1,723.3 million. source: Bank of Uganda

Uganda recorded a trade deficit of 349.10 USD Million in February of 2026. Balance of Trade in Uganda averaged -205.40 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 -787.30 USD Million in September of 2025. This page provides the latest reported value for - Uganda Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Uganda recorded a trade deficit of 349.10 USD Million in February of 2026. Balance of Trade in Uganda is expected to be -740.00 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 -670.00 USD Million in 2027 and -520.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-04 11:30 AM
Balance of Trade
Jan $-134.9M $-501.9M $-480.0M
2026-04-15 07:20 AM
Balance of Trade
Feb $-349.1M $-134.9M $-350.0M
2026-05-07 09:30 AM
Balance of Trade
Mar $-349.1M $ -740M


Related Last Previous Unit Reference
Balance of Trade -349.10 -134.90 USD Million Feb 2026
Capital Flows -1867.38 -1573.95 USD Million Dec 2025
Current Account -1158.26 -1595.98 USD Million Dec 2025
Current Account to GDP -9.21 -8.26 percent of GDP Dec 2024
Exports 1374.20 1453.50 USD Million Feb 2026
Imports 1723.30 1588.40 USD Million Feb 2026
Terms of Trade 147.58 147.43 points Feb 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
-349.10 -134.90 14.60 -787.30 1993 - 2026 USD Million Monthly