Botswana recorded a trade gap of BWP 392.5 million in April of 2019 compared to a BWP 734.7 million surplus in the same month a year ago. Imports jumped 31.2 percent to BWP 6,130.4 million, amid higher purchases of diamonds (62.2 percent); vehicles & transport equipment (68.1 percent); machinery & electrical equipment (29.6 percent) and metals & metals products (73.4 percent). Main import partners were South Africa (48.2 percent of total purchases), the US (11.5 percent), Namibia (10.8 percent) and Canada (5.9 percent). Meantime, exports rose at a much slower 6.1 percent to BWP 5,737.9 million, driven by sales of diamonds (9 percent) and machinery & electrical equipment (1.5 percent). In contrast, sales fell mostly for other goods (-14 percent); salt & soda ash (-22.7 percent) and meat & meat products (-31 percent). Main export partners were Belgium (26 percent of total shipments), India (22.9 percent), the UAE (20.4 percent) and Israel (10.1 percent). Balance of Trade in Botswana averaged -94.70 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 -116.59 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 -91.10 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.