Botswana trade deficit rose to BWP 3,425 million in October 2019 from BWP 1,326 million in the same month of the previous year. Exports plunged 65.2 percent to BWP 2,162 million, the lowest value since December 2012, due to lower shipments of diamonds (-68.7 percent); vehicles & transport equipment (-79.3 percent) and machinery & electrical equipment (-36.5 percent). Imports fell at a softer 25.9 percent to BWP 5,587 million, mainly dragged down by reduced acquisitions of diamonds (-53.5 percent); fuel (-22.2 percent) and machinery & electrical equipment (-13 percent).

Balance of Trade in Botswana averaged -157.03 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 -700.00 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 1100.00 BWP Million in 2020, according to our econometric models.

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Botswana Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3425.10 -1123.20 4102.21 -6683.00 2005 - 2019 BWP Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 03:00 PM Jul BWP -3211M BWP 950M BWP -500M
2019-10-29 02:45 PM Aug BWP -1371M BWP -3237M BWP 200M
2019-11-29 02:30 PM Sep BWP -740.7M BWP -1270.1M BWP 800M
2019-12-20 11:20 AM Oct BWP -3425M BWP -1123M BWP 1000M
2020-01-31 11:00 AM Nov BWP -3425M BWP 250M


News Stream
2019-11-29
Botswana Trade Balance Swings to Deficit
Botswana posted a trade gap of BWP 740.7 million in September 2019 compared to a surplus of BWP 665.7 million in the same month of the previous year. Exports plunged 29.8 percent to BWP 4,250.6 million, largely due to declines in shipments of diamonds (-29.4 percent) and salt & soda ash (-74.7 percent). Main export partners were Belgium (17 percent of total sales), South Africa (15.2 percent), India (14.5 percent) and Switzerland (14.2 percent). Imports fell 2.7 percent to BWP 5,247.1 million, mainly dragged down by lower purchases of diamonds (-16.8 percent); fuel (-9.1 percent) and machinery & electrical equipment (-6.1 percent). Main import partners were South Africa (70.8 percent of total acquisitions), Namibia (10.3 percent) and Canada (4.6 percent).

2019-10-29
Botswana Trade Gap Widens in August
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).

2019-09-26
Botswana Posts Widest Trade Gap since 2012
Botswana's trade balance shifted to a deficit of BWP 3211 million in July 2019 from a surplus of BWP 447.3 million in the same month a year ago. This is the largest trade shortfall since July 2012, as exports tumbled 41.4 percent to BWP 2,645.9 million, mainly dragged down by lower shipments of diamonds (-49.2 percent). Main export partners were India (23.1 percent of total exports), Belgium (19.6 percent), the UAE (13.2 percent), South Africa (11.7 percent) and Hong Kong (11.7 percent). In contrast, imports grew 31.2 percent to BWP 5,856.8 million, boosted by purchases of diamonds (67.8 percent) and machinery & electrical equipment (21.1 percent). Main import partners were South Africa (56.6 percent of total imports), Canada (9.4 percent), Other Africa (9.3 percent) and India (4.1 percent).

2019-08-28
Botswana Posts Widest Trade Surplus in 6 Months
Botswana recorded a trade surplus of BWP 1004 million in June 2019 compared to a BWP 469.8 million surplus in the same month a year ago. That was the biggest trade surplus since December. Imports plunged 27 percent to BWP 4,632.8 million, dragged down by lower acquisitions of diamonds (-72.5 percent) and textiles & footwear (-22.1 percent). Main import partners were South Africa (70.3 percent of total purchases), Italy (4.2 percent) and India (4.1 percent). Exports declined at a slower 17.3 percent to BWP 5,636.8 million, mainly attributable to lower shipments of diamonds (-18 percent) and meat & meat products (-28.5 percent). Main export partners were Belgium (21.7 percent of total sales), the UAE (19.1 percent), India (18.1 percent), Singapore (8.7 percent) and South Africa (7.5 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.