Uganda recorded a trade deficit of 313.42 USD Million in May of 2019. Balance of Trade in Uganda averaged -155.50 USD Million from 1993 until 2019, reaching an all time high of 14.56 USD Million in April of 1996 and a record low of -497.65 USD Million in April of 2019.
Balance of Trade in Uganda is expected to be -315.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Uganda to stand at -360.00 in 12 months time. In the long-term, the Uganda Balance of Trade is projected to trend around -415.00 USD Million in 2020, according to our econometric models.