Uganda recorded a trade deficit of 439.40 USD Million in July of 2022. source: Bank of Uganda

Balance of Trade in Uganda averaged -178.76 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 -621.20 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 September of 2022.

Balance of Trade in Uganda is expected to be -380.00 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
2022-08-10 10:00 AM Jun $-493.7M $-413.8M $ -530M
2022-09-06 10:00 AM Jul $-439M $-516.9M $-560M
2022-10-06 10:00 AM Aug $-439M

Related Last Previous Unit Reference
Balance of Trade -439.40 -516.90 USD Million Jul 2022
Current Account -973.40 -845.30 USD Million Mar 2022
Current Account to GDP -9.80 -7.40 percent of GDP Dec 2020
Imports 818.50 882.00 USD Million Jul 2022
Exports 379.16 365.13 USD Million Jul 2022
Terms of Trade 102.25 103.01 points Jul 2022
Capital Flows -825.20 -448.70 USD Million Mar 2022

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
-439.40 -516.90 14.60 -621.20 1993 - 2022 USD Million Monthly