Uganda recorded a trade deficit of 452.70 USD Million in November of 2021. source: Bank of Uganda

Balance of Trade in Uganda averaged -172.83 USD Million from 1993 until 2021, reaching an all time high of 14.60 USD Million in April of 1996 and a record low of -667.50 USD Million in June of 2021. 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 2022.

Balance of Trade in Uganda is expected to be -370.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Balance of Trade is projected to trend around -390.00 USD Million in 2023, according to our econometric models.

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Uganda Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2021-12-14 10:00 AM Oct $-330.6M $-320.6M $-340M
2022-01-07 10:00 AM Nov $-452.7M $-330.6M $-380M
2022-02-04 10:00 AM Dec $-452.7M $ -370M

Related Last Previous Unit Reference
Balance of Trade -452.70 -329.00 USD Million Nov/21
Current Account -759.40 -1279.90 USD Million Sep/21
Current Account to GDP -9.80 -7.40 percent of GDP Dec/20
Imports 777.20 617.60 USD Million Nov/21
Exports 324.45 288.57 USD Million Nov/21
Terms of Trade 108.51 107.68 points Nov/21
Capital Flows -1178.10 -825.30 USD Million Sep/21
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.