Uganda registered trade surpluses in May

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Uganda traded at a surplus with the Middle East and the European Union (EU) while it recorded deficits with the rest of the trading blocs.

This is according to the finance ministry performance of the economy report for June 2025.

The trade surplus with the Middle East amounted to $278.96 million in May 2025, a decline from the $304.10 million recorded in the previous month.

The trade surplus with the EU increased to $178.01 million in May 2025 from $158.90 million a month earlier.

Uganda traded at deficits of $247.26 million, $187.43 million and $105.68 million with Asia, the rest of Africa, and the East African Community, respectively.

Economic experts say that if a country’s value of exports is greater than its imports, it creates a trade surplus, which means the country is making money from trade.

And if a country’s value of exports is less than its imports, it creates a trade deficit, meaning the country is not making money from trade and is inevitably in debt.

Usually, developed countries have a trade surplus and developing countries have a trade deficit, according to experts.