Trade Trend

In 2023, Botswana's total export value is 5.52Billion USD, total import value is 6.44Billion USD, Deficit is -919.35Million USD, and foreign trade dependency is 0.616. In 2023，Botswana's top export products are Diamonds, whether or not worked, but not mounted or set(4.35Billion USD), Copper ores and concentrates(507.27Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(154.08Million USD), top export destinations are United Arab Emirates(1.64Billion USD), Belgium(986.11Million USD), India(675.57Million USD). In 2023, Botswana's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.13Billion USD), Diamonds, whether or not worked, but not mounted or set(949.22Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(170.03Million USD), top import origins are South Africa(4.19Billion USD), Namibia(497.45Million USD), Canada(313.73Million USD).

Comparing to 2022, Botswana's total export value decreased -2.87Billion USD(-34.24%) in 2023, this could result from its export decreases of products such as Diamonds, whether or not worked, but not mounted or set(-2.98Billion USD or -40.71%), Bovine animals; live(-52.36Million USD or -53.60%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-17.93Million USD or -34.50%) and export decreases to countries/economics such as United Arab Emirates(-638.04Million USD or -27.99%), Belgium(-607.96Million USD or -38.14%), India(-599.38Million USD or -47.01%). Comparing to 2022, Botswana's total import value decreased -1.65Billion USD(-20.42%) in 2023, this could result from its import decreases of products such as Diamonds, whether or not worked, but not mounted or set(-1.29Billion USD or -57.54%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-222.86Million USD or -16.45%), Cane or beet sugar and chemically pure sucrose, in solid form(-82.88Million USD or -58.98%), and its import decreases from countries/economies such as South Africa(-884.61Million USD or -17.43%), Belgium(-391.58Million USD or -83.32%), India(-201.68Million USD or -53.50%).

Cumulated to first 7 months of 2024, Botswana's total export value is 1.28Billion USD, total import value is 1.83Billion USD, and tradedeficit is -548.62Million USD. Cumulated to first 7 months of 2024, Botswana's top export products are Diamonds, whether or not worked, but not mounted or set(840.99Million USD), Copper ores and concentrates(255.27Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(56.86Million USD), and top export destinations are Belgium(291.31Million USD), China(260.40Million USD), United States(225.74Million USD). Cumulated to first 7 months of 2024, Botswana's top import products are Diamonds, whether or not worked, but not mounted or set(840.99Million USD), Copper ores and concentrates(255.27Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(56.86Million USD), and top import origins areSouth Africa(1.38Billion USD), Namibia(90.12Million USD), China(89.02Million USD).