Uganda recorded a trade deficit of 295.20 USD Million in November of 2019. Balance of Trade in Uganda averaged -158.82 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 -478.30 USD Million in April of 2019.
Balance of Trade in Uganda is expected to be -360.00 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 -550.00 USD Million in 2020, according to our econometric models.