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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

8 December 2019

Imports and exports both fall as trade deficit narrows in October

The Uganda goods trade deficit narrowed for the second time in three months in October as both exports and imports declined, according to data from the Bank of Uganda

Mombasa Port in Kenya
10 September 2019

Uganda trade deficit falls as imports slide to 5-month low

Uganda's merchandise exports posted their fastest growth in three months in July as imports eased, leading to a slowdown in the merchandise trade deficit

Shipping containers on a container ship
9 June 2019

Uganda posts largest trade deficit on record

Uganda posted a record merchandise trade deficit in April as imports strongly outpaced exports, Bank of Uganda figures show

Export containers at a port.
14 May 2019

Trade deficit falls as exports grow at fastest rate since March 1995

Uganda's merchandise exports surged in March on a spike in gold shipments, bringing down the merchandise trade deficit to its lowest level in fourteen months

Shipping containers on a container ship
15 January 2019

Trade deficit grows in November as exports fall

Uganda's merchandise exports fell in November on a year on year basis as imports increased, leading to the fastest rise in the trade deficit in three months

Export containers at a port.
28 December 2018

Trade deficit narrows on export growth but coffee drops for 12th straight month

Uganda's merchandise goods trade position with the rest of the world improved for the second straight month in October as exports rose faster than imports, Bank of Uganda figures show

Uganda's border with Kenya at Busia
12 November 2018

Uganda posts first trade deficit drop in 13 months in September

Ugandan imports fell back in September with the country posting the first reduction in its goods trade deficit in 13 months

An aerial photo of cargo crates
8 August 2018

Uganda’s trade deficit widened in June at fastest rate in four months

A decrease in exports even as imports increased was responsible for the widening of Uganda's trade deficit in the month of June, according to data from the Bank of Uganda.

Uganda's border with Kenya at Busia
6 July 2018

Uganda’s trade deficit hits four-month low in May

Uganda's merchandise trade deficit eased to its lowest in four months in May following a fall in government project imports and a bump in outward shipments

Export containers at a port.
6 June 2018

Uganda goods trade deficit rises to highest in seven months

A decline in the value of Uganda's goods exports even as the cost of imports rose was responsible for the trade deficit accelerating to its highest since September 2017 in April

Busy market in Kampala, Uganda