Country intelligence · UGA · 2024

Uganda trade profile

In 2024, Uganda recorded $7.3B in merchandise exports and $8.5B in imports, producing a $1.1B trade deficit. Exports changed +21.4% from the previous year, while imports changed -3.6%.[1]

Exports

$7.3B

+21.4%

Imports

$8.5B

-3.6%

Trade balance

-$1.1B

deficit

Active partners

270

2 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$7.3B$8.5B-$1.1B+21.4%
2023$6.0B$8.8B-$2.7B+30.0%
2022$4.6B$7.9B-$3.3B+22.9%
2021$3.8B$7.7B-$3.9B-1.3%
2020$3.8B$7.3B-$3.5B+16.8%
2019$3.3B$6.7B-$3.5B+0.3%
2018$3.3B$5.8B-$2.5B+16.5%
2017$2.8B$5.2B-$2.3B+24.0%
2016$2.3B$4.7B-$2.4B+9.1%
2015$2.1B$4.8B-$2.7B-0.4%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 71 · Precious metals and stones

37 active HS6 lines · 34 export partners

$3.3B
2

HS 09 · HS chapter

39 active HS6 lines · 116 export partners

$1.5B
3

HS 18 · HS chapter

10 active HS6 lines · 53 export partners

$347.4M
4

HS 17 · HS chapter

17 active HS6 lines · 36 export partners

$156.3M
5

HS 03 · HS chapter

127 active HS6 lines · 57 export partners

$151.8M
6

HS 72 · HS chapter

147 active HS6 lines · 16 export partners

$145.9M
7

HS 27 · Mineral fuels and oils

39 active HS6 lines · 42 export partners

$132.2M
8

HS 11 · HS chapter

26 active HS6 lines · 44 export partners

$117.5M

Leading export markets

Destinations rank bilateral export flows from Uganda; growth describes each corridor rather than the whole economy.

1

United Arab Emirates

Annual change +58.7% · 3-year CAGR 27.4%

$2.5B
2

Hong Kong

Annual change +16.5% · 3-year CAGR 135.9%

$512.2M
3

South Sudan

Annual change -8.6% · 3-year CAGR 0.3%

$487.3M
4

India

Annual change -43.5% · 3-year CAGR 85.8%

$454.0M
5

Italy

Annual change +65.8% · 3-year CAGR 31.5%

$447.2M
6

Kenya

Annual change -18.1% · 3-year CAGR -3.0%

$367.7M
7

Rwanda

Annual change +53.3% · 3-year CAGR 518.5%

$266.8M
8

Germany

Annual change +34.7% · 3-year CAGR 25.7%

$255.9M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.