Net trade in goods in Uganda
Uganda: Net trade in goods was -3.01 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Uganda, 1980–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Uganda is -3.01 billion BoP, current US$, measured in 2024.
The figure is down 6.5% on the previous year and down 26.6% over ten years.
Over the whole period, net trade in goods in Uganda peaked at 120.50 million BoP, current US$ in 1984 and was at its lowest, -3.67 billion BoP, current US$, in 2022.
That places Uganda 132nd out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -45.29 million BoP, current US$ | -310.60 million BoP, current US$ | 120.50 million BoP, current US$ | 10 |
| 1990s | -364.30 million BoP, current US$ | -656.14 million BoP, current US$ | -203.90 million BoP, current US$ | 10 |
| 2000s | -916.99 million BoP, current US$ | -1.84 billion BoP, current US$ | -499.80 million BoP, current US$ | 10 |
| 2010s | -2.25 billion BoP, current US$ | -2.75 billion BoP, current US$ | -1.60 billion BoP, current US$ | 10 |
| 2020s | -3.04 billion BoP, current US$ | -3.67 billion BoP, current US$ | -2.64 billion BoP, current US$ | 5 |
Countries ranked near Uganda
- 129 Rwanda -2.34 billion BoP, current US$ compare
- 130 Myanmar -2.85 billion BoP, current US$ compare
- 131 Malta -2.98 billion BoP, current US$ compare
- 133 Iceland -3.01 billion BoP, current US$ compare
- 134 Armenia -3.06 billion BoP, current US$ compare
- 135 Maldives -3.08 billion BoP, current US$ compare
More economy & growth data for Uganda
- External balance on goods and services as a percent of gdp -7.32 (2025)
- Inflation of consumer prices 3.58 (2025)
- Gdp per capita worldbank constant usd 1,021 (2025)
- Manufacturing value added to gdp 14.47 (2025)
- Gdp worldbank constant usd 52.44 billion (2025)
- Gdp per capita in international and market dollars 1,021 (2025)
- DEC alternative conversion factor 3,676 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 7.59 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 2.06 billion current US$ (2025)
- Taxes less subsidies on products 17.10 trillion current LCU (2025)
Frequently asked questions
- What is net trade in goods in Uganda?
- Net trade in goods in Uganda was -3.01 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Uganda?
- The highest recorded value was 120.50 million BoP, current US$ in 1984.
- What is the lowest net trade in goods recorded in Uganda?
- The lowest recorded value was -3.67 billion BoP, current US$ in 2022.
- How does Uganda rank for net trade in goods?
- Uganda ranks 132nd out of 198 countries with data for 2024.
- Is net trade in goods rising or falling in Uganda?
- Over the last ten years it is down 26.6%. The long-run trend across the full record is volatile.
- Where does this Uganda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.