Trade Balance in Botswana

Botswana Trade Balance | Economic News & Forecasts

Botswana - Trade Balance

Although available indicators suggest that the economy continued to expand in Q3, growth is likely to have decelerated notably due to a less favorable base effect. Improved business confidence in the quarter, amid higher sentiment within the mining and quarrying and manufacturing sectors, hints at firming private sector activity. On top of this, sales of diamonds—the country’s main commodity—rebounded robustly in the quarter. Meanwhile, solid growth in merchandise exports on average in Q3 hints at solid foreign demand dynamics. Turning to Q4, rough diamond sales rose in sequential terms at the outset of the quarter. This, coupled with notably lower numbers of Covid-19 infections and still-low hospitalization rates, despite the detection of the Omicron variant in the country, reduces the risk of new restrictions ahead, boding well for activity.

Botswana - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-0.7  1.5  0.8  0.5  -1.3  

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Note: Trade balance in USD bn.
Source: Bank of Botswana and FocusEconomics calculations.

Botswana Facts

Value Change Date
Bond Yield5.060.23 %Dec 31
Exchange Rate10.58-0.31 %Dec 31
Stock Market1.20.0 %Dec 30

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