Uganda recorded a trade deficit of 413.80 USD Million in May of 2022. source: Bank of Uganda

Balance of Trade in Uganda averaged -176.83 USD Million from 1993 until 2022, reaching an all time high of 14.60 USD Million in April of 1996 and a record low of -621.10 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 July of 2022.

Balance of Trade in Uganda is expected to be -420.00 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 -380.00 USD Million in 2023 and -440.00 USD Million in 2024, according to our econometric models.

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Uganda Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-06-07 09:00 AM Apr $-353.6M $-405.4M $-385M
2022-07-06 10:00 AM May $-413.8M $-356M $-375M
2022-08-10 10:00 AM Jun $-413.8M $ -420M


Related Last Previous Unit Reference
Balance of Trade -413.80 -356.00 USD Million May 2022
Current Account -845.30 -759.40 USD Million Dec 2021
Current Account to GDP -9.80 -7.40 percent of GDP Dec 2020
Imports 698.00 774.80 USD Million Apr 2022
Exports 344.36 369.39 USD Million Apr 2022
Terms of Trade 94.32 96.16 points Apr 2022
Capital Flows -448.70 -1178.10 USD Million Dec 2021

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
-413.80 -356.00 14.60 -621.10 1993 - 2022 USD Million Monthly