Uganda recorded a trade deficit of 334.98 USD Million in December of 2019. Uganda Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Uganda averaged -159.64 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 -483.03 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.

Balance of Trade in Uganda is expected to be -650.00 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 -410.00 in 12 months time. In the long-term, the Uganda Balance of Trade is projected to trend around -830.00 USD Million in 2021 and -950.00 USD Million in 2022, according to our econometric models.

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Uganda Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-334.98 -293.08 14.56 -483.03 1993 - 2019 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
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
2020-02-06 10:30 AM Dec $-335M $-293.1M $ -465M
2020-03-05 11:00 AM Jan $-335M $-380M
2020-04-06 02:10 PM Feb $-400M
2020-05-06 01:30 PM Mar $ -650M
2020-06-05 11:25 AM Apr

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.