Uganda recorded a trade deficit of 320.60 USD Million in September of 2021. source: Bank of Uganda

Balance of Trade in Uganda averaged -171.50 USD Million from 1993 until 2021, reaching an all time high of 14.60 USD Million in April of 1996 and a record low of -667.50 USD Million in June of 2021. 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 November of 2021.

Balance of Trade in Uganda is expected to be -370.00 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 -390.00 USD Million in 2022, according to our econometric models.

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Uganda Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-06 08:00 AM Aug $-367.3M $-303.4M $-420M
2021-11-12 01:00 PM Sep $-320.6M $-367.3M $ -352M
2021-12-03 10:00 AM Oct $-320.6M $-340M


Related Last Previous Unit Reference
Balance of Trade -320.60 -353.90 USD Million Sep/21
Current Account -1279.90 -702.30 USD Million Jun/21
Current Account to GDP -9.80 -7.40 percent of GDP Dec/20
Imports 607.80 660.00 USD Million Sep/21
Exports 287.27 292.67 USD Million Sep/21
Terms of Trade 111.26 101.47 points Sep/21
Capital Flows -825.30 -609.60 USD Million Jun/21
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.