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). Balance of Trade in Botswana averaged -114.15 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.

Botswana Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-09 11:10 AM Balance of Trade Apr BWP -392.5M BWP 706.2M BWP -300M
2019-08-08 02:00 PM Balance of Trade May BWP -339.5M BWP -431.6M BWP 1400M
2019-08-28 01:55 PM Balance of Trade June BWP 1004M BWP -536.6M BWP 650M
2019-09-26 03:00 PM Balance of Trade Jul BWP -3211M BWP 950M BWP -500M
2019-10-15 10:00 AM Balance of Trade Aug BWP -3211M BWP 200M
2019-11-15 10:00 AM Balance of Trade Sep BWP -120M
2019-12-13 10:30 AM Balance of Trade Oct BWP -300M

Botswana Trade Last Previous Highest Lowest Unit
Balance of Trade -3211.00 950.30 4102.21 -6683.00 BWP Million [+]
Current Account -814.64 -924.23 15079.57 -12190.41 BWP Million [+]
Current Account to GDP 9.70 12.00 32.00 -28.30 percent [+]
Imports 5856.80 4702.50 9778.30 2458.30 BWP Million [+]
Exports 2645.90 5652.80 10747.20 996.90 Million BWP [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 745.96 579.46 3368.73 -1473.05 BWP Million [+]
External Debt 15661.00 16027.59 18344.85 1771.80 BWP Million [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3211.00 950.30 4102.21 -6683.00 2005 - 2019 BWP Million Monthly
Current Prices, NSA

Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 24789.70 Jul/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3787.85 Aug/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19