Uganda recorded a trade deficit of 397.55 USD Million in April of 2021. source: Bank of Uganda

Balance of Trade in Uganda averaged -167.49 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 -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 June 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
-397.55 -345.60 14.60 -483.00 1993 - 2021 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-03-05 12:30 PM Jan $-298.7M $-432.1M $-430M
2021-04-09 03:30 PM Feb $-323.4M $-311.0M $-280M
2021-05-06 11:50 AM Mar $-345.6M $-323.4M $-400M
2021-06-07 03:45 PM Apr $-397.55M $-345.6M $-360M
2021-07-06 09:00 AM May $-397.55M
2021-08-06 08:00 AM Jun
2021-09-03 09:30 AM Jul
2021-10-06 08:00 AM Aug

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.