Botswana recorded a trade deficit of 3349.60 BWP Million in October of 2021. source: Central Statistics Office, Botswana

Balance of Trade in Botswana averaged -310.28 BWP Million from 2005 until 2021, 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. Botswana Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Balance of Trade in Botswana is expected to be 162.74 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 1200.00 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.

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Botswana Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3349.60 -578.90 4102.21 -6683.00 2005 - 2021 BWP Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 02:00 PM Jun BWP -6308M BWP-1817M BWP -1000M
2020-09-29 11:00 AM Jul BWP -3775M BWP -6249M BWP -5700M
2020-10-30 03:00 PM Aug BWP -3023M BWP -3537M BWP -1800M
2020-11-26 11:00 AM Sep BWP -1206M BWP -2579M BWP -1670M
2021-01-25 10:30 AM Nov BWP -3350M BWP -2900M
2021-02-26 11:00 AM Dec
2021-03-25 03:15 PM Jan
2021-04-28 02:30 PM Feb

News Stream
Botswana Posts 1st Trade Surplus in 7 Months
Botswana posted a trade surplus of BWP 333.6 million in January of 2020, higher than that recorded a year ago of BWP 130.5 million. This was the first trade surplus since June of last year, as exports soared 8.2 percent to BWP 5,179 million, mainly boosted by sales of diamonds (7 percent) and machinery & electrical equipment (130 percent). Meanwhile, imports rose 4 percent to BWP 4,845 million, driven by acquisitions of fuel (75.2 percent); machinery & electrical equipment (21.2 percent) and food, beverages & tobacco (15.8 percent). Main export partners were India (27.8 percent of total sales), Belgium (18.5 percent) and South Africa (16.1 percent) whereas the main import partners were South Africa (75.5 percent of total purchases) and Canada and India (4 percent each).
Botswana Trade Balance Swings to Deficit in December
Botswana trade balance shifted to a gap of BWP 460.4 million in December of 2019 compared to a surplus of BWP of 2,611.8 million in the same month of the previous year. Exports slumped 20.1 percent to BWP 5,772.9 million, mainly reflecting declines in shipments of diamonds (-20 percent) and meat & meat products (-81.4 percent). In contrast, imports climbed 35.2 percent to BWP 6,233.2 million, boosted by purchases of diamonds (332 percent); food, beverages & tobacco (65.2 percent) and fuel (39.4 percent). Major export partners were India (30.8 percent of total sales) and Belgium (20 percent) whereas main import partners were South Africa (64.4 percent of total acquisitions) and Belgium (6.7 percent). In 2019, the country's trade balance swang to a shortfall of BWP 14,283.4 million compared to a surplus of BWP 2,647 million a year ago.
Botswana Trade Gap Widens Sharply in November
Botswana trade deficit rose to BWP 2,684 million in November 2019 from BWP 1,266 million in 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).

Botswana Balance of Trade
Botswana exports mostly diamonds (more than 60% of total exports), copper and nickel, beef and textiles. Botswana's main exports partners are United Kingdom (56% of total exports), South Africa, Israel and Belgium. Botswana imports fuel, food, beverages and tobacco, machinery and electric equipment, chemical and rubber products and vehicles. Its main imports partners are South Africa (75% of total imports), China, Israel, Namibia and Zimbabwe.