Imports in Uganda

Uganda Imports | Economic News & Forecasts

Uganda - Imports

The economy contracted 3.2% year-on-year in the second quarter, after growth slowed in the first quarter. Domestic and foreign lockdowns to fight the pandemic resulted in a broad-based deterioration of the economy, hitting the external sector particularly hard with a negative impact on foreign direct investment, remittances, tourism and exports. Moreover, the locust infestation that started in February is not yet under control, weighing on agricultural production in Q2. On the positive side, the PMI rose above the 50-threshold in July, supported by higher demand thanks to the easing of restrictions, and signaling an improvement in the business environment. Nevertheless, activity is likely to remain muted, as uncertainty regarding the pandemic, employment levels and income remains.

Uganda - Imports Data

2015   2016   2017   2018   2019  
Imports (USD billion)5.0  4.5  5.2  6.1  6.8  

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Note: Imports in USD bn.
Source: Bank of Uganda

Uganda Facts

Value Change Date
Bond Yield15.751.02 %Dec 31
Exchange Rate3,6700.17 %Dec 31
Stock Market0.30.0 %Jan 07

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