Uganda recorded a trade deficit of 427.80 USD Million in November of 2020. source: Bank of Uganda

Balance of Trade in Uganda averaged -165.25 USD Million from 1993 until 2020, reaching an all time high of 14.60 USD Million in April of 1996 and a record low of -483 USD Million in April of 2019. 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 January of 2021.

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 -415.00 in 12 months time. In the long-term, the Uganda Balance of Trade is projected to trend around -415.00 USD Million in 2022 and -390.00 USD Million in 2023, according to our econometric models.

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Uganda Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-427.80 -375.40 14.60 -483.00 1993 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-06 08:00 AM Aug $-415.1M $-299M
2020-11-09 02:00 PM Sep $-316M $-415.1M $ -385M
2020-12-04 10:00 AM Oct $-376M $-316M $ -350M
2021-01-07 01:00 PM Nov $-427.8M $-375M $ -350M
2021-02-05 10:30 AM Dec -427.8M
2021-03-05 10:00 AM Jan
2021-04-02 11:00 AM Feb
2021-05-06 12:00 PM Mar
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


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.