Thursday, June 20, 2024

Botswana faces continued trade deficit despite March export surge

Botswana’s trade balance remained in deficit in March 2024, extending a trend that has persisted since September 2023, according to the latest figures released by the national statistics office.

In March, the country recorded a trade deficit of P2.4725 billion, despite a significant rise in exports. The total value of exports increased by 30.2 percent, reaching P4.5185 billion, up from the revised February 2024 figure of P3.4708 billion. The boost in exports was driven primarily by Diamonds and Copper, which accounted for 67.1 percent and 17.0 percent of the total exports, respectively.

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