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.