Uganda recorded a trade deficit of 415.10 USD Million in August of 2020.

Balance of Trade in Uganda averaged -163.34 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 October of 2020.

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 -370.00 in 12 months time. In the long-term, the Uganda Balance of Trade is projected to trend around -415.00 USD Million in 2021 and -390.00 USD Million in 2022, according to our econometric models.

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Uganda Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-415.10 -299.30 14.60 -483.00 1993 - 2020 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-06 09:00 AM May $-189M $-202M $-180M
2020-08-06 08:00 AM Jun $-304.4M $-217.6M $ -145M
2020-09-04 09:30 AM Jul $-299M $-303.3M $-290M
2020-10-06 08:00 AM Aug $-415.1M $-299M
2020-11-05 01:15 PM Sep $-415.1M $ -255M
2020-12-04 10:00 AM Oct

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.