Botswana's trade deficit rose to BWP 1,370.8 million in August 2019 from BWP 1,223.5 million in the corresponding month of the previous year. Exports fell 4.2 percent to BWP 3,700.4 million, mainly dragged down by shipments of meat & meat products (-48.6 percent); machinery & electrical equipment (-15.4 percent) and diamonds (-0.8 percent). Main export partners were the UAE (25.3 percent of total overseas sales), India (19.7 percent), Belgium (12.6 percent) and South Africa (12.4 percent). Meanwhile, imports decreased only 0.3 percent to BWP 5,071.2 million, as lower purchases of diamonds (-9.3 percent) and fuels (-9 percent) were partly offset by rises in those of food, beverages & tobacco (19.1 percent); machinery & electrical equipment (0.4 percent) and chemicals and rubber products (8.5 percent). Main import partners were South Africa (67.4 percent of total acquisitions), Namibia (10.5 percent) and Canada (3.7 percent). Balance of Trade in Botswana averaged -123.06 BWP Million from 2005 until 2019, reaching an all time high of 4102.21 BWP Million in March of 2007 and a record low of -6683 BWP Million in July of 2012.
Balance of Trade in Botswana is expected to be -91.10 BWP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Botswana to stand at -100.00 in 12 months time. In the long-term, the Botswana Balance of Trade is projected to trend around 255.19 BWP Million in 2020, according to our econometric models.