Overview: In 2018 Uganda was the number 103 economy in the world in terms of GDP (current US$), the number 117 in total exports, the number 118 in total imports, and the number 86 most complex economy according to the Economic Complexity Index (ECI). In 2018, Uganda exported $4.16B and imported $6.29B, resulting in a negative trade balance of -$2.14B. In 2018, Uganda's exports per capita were $97.3 and its imports per capita were $147.
In 2018 Uganda exported a total of $4.16B, making it the number 117 exporter in the world. During the last five reported years the exports of Uganda have changed by $1.64B from $2.52B in 2013 to $4.16B in 2018.
In 2018 Uganda imported $6.29B, making it the number 118 trade destination in the world. During the last five reported years the imports of Uganda changed by $472M from $5.82B in 2013 to $6.29B in 2018.
In 2018, Uganda exported $1.97B worth of services. The top services exported by Uganda in 2018 were Personal travel ($880M), Government services, n.i.e. ($398M), Other business services ($195M), Transportation ($181M), and Business travel ($147M).
The top services imported by Uganda in 2018 were Transportation ($1.41B), Other business services ($718M), Personal travel ($137M), Construction services ($80M), and Insurance services ($74.4M).
This section shows forecasts for total product exports and imports for Uganda. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Uganda are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States136: Most Favoured Nation duty rate treatement200: Preferential tariff for East African Community (EAC)211: Preferential tariff for Eritrea (COMESA)214: Preferential tariff for Ethiopia (COMESA)
During the last 11 years Uganda's economy has become relatively more complex, moving from the 90th to the 86th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Uganda has a high level of specialization in Cereal Flours (189), Coffee (69.8), Tanned Goat Hides (60.6), Bran (59.6), and Dried Legumes (48.9). Specialization is measured using RCA, an index that takes the ratio between Uganda observed and expected exports in each product.
The top export opportunities for Uganda according to the relatedness index, are Crustaceans (0.2), Molasses (0.2), Crude Petroleum (0.19), Coconuts, Brazil Nuts, and Cashews (0.19), and Other Hides and Skins (0.19). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Uganda is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Uganda
