Botswana Export Import Data: Everything you Need to know about Botswana Overseas Trade

Are you planning to do trade with Boswana? If yes, then you ought to know everything about Botswana overseas trade. Botswana is among the freest economies in sub-Saharan Africa. As per the World Bank international trade accounted for 74% of the country’s GDP in 2019. Also, the country spent USD 877 million in services imports while it exported services for 821 million.

The country is landlocked country in South African continent. It is bordered with Namibia, Zambia, Zimbabwe, and South Africa. Botswana is a member of Southern African Development Community. The economy is currently one of the fastest growing economies in the world. The export valued US$ 6,573 million, while imports valued US$ 404 million in 2018.

As per Botswana Import Data, the country imports fuel, food, beverages and tobacco, machinery and electric equipment, chemical and rubber products and vehicles. The main import partners are South Africa, China, Israel, Namibia and Zimbabwe.

The value of merchandise imports to Botswana totalled $6.5billion in 2020. Overall commodities imports to Botswana reduced by 0.841% as compared to 2019. Merchandise imports also reduced by $55 million.

As per Botswana Custom Data, the country stood at 92nd position in terms of 2019 all across global imports.  The main imports of the country are pearls, precious stones, fuel, oil, machinery, vehicles, electronics, pharmaceutical products, beverages and cereals.

Over the years, the country has developed a good relationship with its import partners, some of which are neighbouring countries. The top import partner is South Africa, followed by Canada, Nambia, India and Belgium. The country imported more than 60% of total goods from South Africa. The top 10 import partners of Botswana accounted 95.1% of overall value of shipments.

Botswana ranked 113 in global exports in 2019. The country exported $5.35B worth commodities to the world countries. As per the Botswana Export Data, the top 10 exports accounted for 97.8% of the overall value of its global shipments.

As per the Botswana Custom Data, 96.1% of commodities exported from the country were purchased by importers in Belgium, India, United Arab Emirates, South Africa, Singapore, Israel, Hong Kong, Nambia, United States, United Kingdom, Switzerland and Canada.

From the continental perceptive, 57.2% of Botswana exports by value were delivered to Asian countries, 25% to importers in Europe, and the 13.7% of commodities to African nations. As per US Department of Commerce, there are very few tariff or non-tariff barriers to trade with Botswana, apart from restrictions on licensing for some business operations that are reserved for Botswana companies.

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