Botswana in P176m trade deficit

SHARE   |   Monday, 03 October 2016   |   By Staff Writer

Botswana registered a trade deficit in July after successive months of trade surplus. Data from statistics Botswana shows that Botswana recorded a trade deficit of P175.9 million in July 2016 meaning that the country imported, in value, more during July 2016 as compared to the value of exports during the same month. July 2016 total imports were valued at P5, 277.7 million, showing a decrease of 10.1 percent (P593.4 million) from the revised June 2016 value of P5, 871.1 million and is attributable mainly to a decrease in imports of Fuel and Diamonds.

Comparison of import figures for July 2016 and July 2015 shows an increase of 2.5 percent (P127.8 million), from P5, 149.9 million recorded during July 2015 to P5, 277.7 million recorded during the reference month. In the same month total exports were valued at P5, 101.9 million, showing a decrease of 40.0 percent (P3, 396.9million) from the June 2016 revised value of P8, 498.8 million. This is attributable to decrease in exports of Diamonds which recorded a drop of 42.0 percent (P3, 166.1 million) from P7, 539.0 million recorded in June 2016 to P4, 373.0 million. Copper Nickel also contributed to the decrease in total exports during July 2016, having declined by 48.1 percent (P144.8 million) from P301.2 million recorded during June 2016 to P156.4 million registered in July 2016.