Botswana trade deficit rose to BWP 2,684 million in November 2019 from BWP 1,266 million in the same month of the previous year. Exports plummeted 27 percent to BWP 4,550 million, mainly due to lower shipments of diamonds (-26.2 percent) and salt & soda ash (-58.9 percent). Main export partners were India (28.2 percent of total exports), Belgium (23.9 percent), the UAE (23.4 percent) and South Africa (7.5 percent). Meantime, imports fell at a softer 3.5 percent, as reduced purchases of diamonds (-19.7 percent) and fuel (-23.7 percent) were partly offset by a notable rise in those of vehicles & transport equipment (88.2 percent). Main import partners were South Africa (54.7 percent of total imports), Namibia (12.9 percent) and France (7.6 percent).
Balance of Trade in Botswana averaged -170.35 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. This page provides the latest reported value for - Botswana Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Central Statistics Office, Botswana
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 162.74 in 12 months time. In the long-term, the Botswana Balance of Trade is projected to trend around 255.19 BWP Million in 2021 and 1100.00 BWP Million in 2022, according to our econometric models.