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Trade deficit

Aerial view of a cargo ship

Goods trade gap shrinks for fifth month in a row

Uganda's goods trade deficit shrank for the fifth straight month in May as exports grew faster than imports into the country, according to central bank data
A cargo ship docked at the port of Mombasa on Kenya's Indian Ocean Coast, as workers prepare to load it

Merchandise trade deficit slows down on stronger exports

Goods trade exports rose at their fastest rate in 14 months in April, offsetting a surge in goods imports and slowing down the growth of Uganda's merchandise trade deficit
Overhead image of shipping containers in a port

Trade deficit in goods narrows in December

Uganda's merchandise trade deficit narrowed for the fourth month in a row in December as exports continued to grow at a faster rate than imports
Blue and red cargo ship on sea during daytime

Trade deficit in goods widens in January

Uganda's merchandise trade deficit increased at the fastest rate in seven months in January as goods exports fell while inbound shipments rose for the first time since July 2021
Export containers at a port.

Trade deficit narrows in December

The Uganda merchandise trade deficit narrowed for the second consecutive month in December as gold imports and exports recorded steep declines
Export containers at a port.

Merchandise trade in January shrinks as election concerns take toll

The Uganda monthly goods trade deficit narrowed at the sharpest rate since 2019 in May as both exports and imports fell, most certainly due to election-related uncertainty
Containers at Mombasa Port in Kenya

Goods imports, exports fall to record lows

Uganda's goods imports dropped at the sharpest rate since May 1999 in March, leading to the narrowest merchandise trade deficit in 12 months, according to data released by the central bank
Export containers at a port.

Goods trade deficit narrows in December as imports fall for third straight month

The Uganda goods trade deficit with its international partners contracted for the third straight month in December on a decline in goods imports, according to figures from the Bank of Uganda
Shipping containers on a container ship

Exports rise most in 2 years in 2019 on surge in gold shipments

Uganda's export growth rose to a two-year high last year as a surge in gold shipments helped shake off the effects of a border crisis with Rwanda, preliminary data show

More Trade deficit

6 April 2018

Uganda’s trade deficit hits four-month high in February

Uganda's merchandise trade deficit widened in February as imports of goods rose to their highest level in four months

Uganda's border with Kenya at Busia
6 February 2018

Exports grow most in six years thanks to coffee and informal trade

Uganda's merchandise exports surged in 2017, growing at their fastest rate in six years, according to Central Bank data

Export containers at a port.
5 January 2018

Uganda’s exports fall 1.5% in November as trade deficit expands

The value of Uganda's exports fell 1.5% in November 2017 from a year earlier to $291.5 million, while the trade deficit widened by 43.3% to $143.2m

Busy market in Kampala, Uganda
7 September 2017

Uganda’s trade deficit narrows in July on robust export growth

The value of Uganda's exports rose 21.7% in July compared to the same period last year, figures from Bank of Uganda show

9 May 2017

Export growth robust in March as trade deficit narrows

Uganda's exports grew by 20.7% year on year in dollar terms in March while the cost of imports increased by 6.2%, according to statistics from Bank of Uganda.

6 April 2017

Trade deficit narrows in February on weak import growth

Uganda's international trade deficit narrowed in February compared to a month earlier on weak import growth, but rose 34.9% year on year.