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.


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Uganda Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-295.20 -339.70 14.56 -478.30 1993 - 2019 USD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 08:15 AM Aug $-279M $-323.6M $-320M
2019-11-05 01:15 PM Sep $-314M $-290M $ -245M
2019-12-05 10:00 AM Oct $-339.7M $-332.4M $-480M
2020-01-06 10:00 AM Nov $-295.2M $-339.7M $-300M
2020-02-05 02:00 PM Dec $-295.2M $ -465M


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.

Uganda Trade Last Previous Highest Lowest Unit
Balance of Trade -295.20 -339.70 14.56 -478.30 USD Million [+]
Current Account -776.20 -938.80 118.20 -938.80 USD Million [+]
Current Account to GDP -5.80 -5.40 2.86 -11.60 percent [+]
Imports 622.51 651.34 914.60 44.20 USD Million [+]
Exports 327.30 311.64 603.94 12.39 USD Million [+]
Terms of Trade 127.78 119.54 167.10 72.50 points [+]
Tourist Arrivals 1800.00 1402.00 1800.00 69.00 Thousand [+]
Terrorism Index 3.96 3.93 6.09 2.76 [+]
Capital Flows -443.00 -703.00 6684.40 -862.90 USD Million [+]