Uganda Balance of Trade
The trade deficit in Uganda rose to USD 454.5 million in February 2024, from USD 433.8 million in the corresponding month of the previous year. Exports surged by 78.9% year-on-year to USD 633 million, mainly driven higher sales of gold. Meanwhile, imports climbed by 38.1% to USD 1,087.5 million. Considering the first two months of the year, the trade deficit increased slightly to USD 806.2 million from USD 793.2 in the same period a year earlier. source: Bank of Uganda
Uganda Capital Flows
Uganda recorded a capital and financial account deficit of 909 USD Million in the fourth quarter of 2023.
Uganda Current Account
Uganda recorded a Current Account deficit of 1000.20 USD Million in the fourth quarter of 2023.
Uganda Current Account to GDP
Uganda recorded a Current Account deficit of 8.60 percent of the country’s Gross Domestic Product in 2022.
Uganda Exports
Exports in Uganda increased to 633 USD Million in February from 565.40 USD Million in January of 2024. Exports in Uganda averaged 178.43 USD Million from 1993 until 2024, reaching an all time high of 680.57 USD Million in October of 2023 and a record low of 12.39 USD Million in July of 1993.
Uganda Imports
Imports in Uganda increased to 1,087.50 USD Million in February from 917.10 USD Million in January of 2024. Imports in Uganda averaged 370.63 USD Million from 1993 until 2024, reaching an all time high of 1202.60 USD Million in August of 2023 and a record low of 44.20 USD Million in August of 1993.
Uganda Terms of Trade
The trade deficit in Uganda rose to USD 454.5 million in February 2024, from USD 433.8 million in the corresponding month of the previous year. Exports surged by 78.9% year-on-year to USD 633 million, mainly driven higher sales of gold. Meanwhile, imports climbed by 38.1% to USD 1,087.5 million. Considering the first two months of the year, the trade deficit increased slightly to USD 806.2 million from USD 793.2 in the same period a year earlier.
Uganda’s Terms of Trade
Terms of Trade in Uganda decreased to 113.57 points in February from 115.32 points in January of 2024. Terms of Trade in Uganda averaged 109.75 points from 1995 until 2024, reaching an all time high of 167.10 points in September of 1995 and a record low of 72.50 points in June of 2001.
