Lesotho all Relevant Import and Export Statistics that you must Know

Lesotho is currently the 135th largest goods trading partner with $327 million in total goods trade during the year 2019. The country shall assume a leadership position in the sub-region and in Africa as an investment destination of choice.

The country ranked 40 out of 190 countries in the category ‘Trading across borders’. As per Lesotho Import Data, the total value of goods imported by Lesotho in the year 2019 is USD 1369 million. The main imports of the country are fuel, food, machinery and building materials. The main import partners are China, South Korea, Taiwan, Hong Kong, and United States.

The country relies on South Africa for much of its economic activity. The country imports 85% of goods it consumes from South Africa including most agricultural inputs. It imports more of ceramic products whose value was US$4.23 million during 2020.

As per Lesotho custom Data, the country imports all of its manufacturing inputs and consumer goods. The economy if Lesotho is highly dependent on the international trade. Because of its size and relatively high level of economic development, South Africa supplies more than 90% of Lesotho imports.

As per Lesotho Export Data, the value of exports of Lesotho was US$ 509 million. The main exports are diamonds and clothing. Others include road vehicles, water, wool and tobacco. The main export partners are South Africa, Canada, Belgium and United States.

As per Lesotho Custom Data, the country gets most of its foreign exchange earnings from SACU water exports to South Africa. The country is South Africa’s water engine. It exports water to South Africa at the same time as it imports the bottled product from its larger neighbour.

As per Lesotho Shipment Data, the country annually exported an estimated 780 million cubic meters of clean water to South Africa under Lesotho Highlands water programme. Most of the foreign exchange earned by the country is from South Africa Customs Union water exports.

The country is one of the top 10 exporters of United States under African Growth and opportunity Act and was one of the top exporters of textiles and garments under AGOA. The USA is the largest recipient of Lesotho’s exports, mostly garments.

Textile exports to South Africa is growing and amounts to 30% of total apparel exports in terms of volume. Lesotho has begun manufacturing labour intensive products like seat covers, clean cook stoves, and circuit breakers switches.

Ivory Coast All Relevant Import and Export Statistics that you must Know

Comments

Post a Comment

Popular posts from this blog

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more

Russia Import Export Statistics 2023

  Russia's trade activities were significant, with both exports and imports playing crucial roles in its economy. Here's a general overview: Exports: Energy Resources: Russia is renowned for its vast energy resources, particularly oil and natural gas. These resources constitute a substantial portion of Russia's export revenue. Russia Export Data Minerals and Metals: Russia also exports various minerals and metals, including iron ore, coal, aluminum, and copper. Arms and Military Equipment: The country is a significant exporter of arms and military equipment to various countries around the world. Agricultural Products: Russia exports agricultural commodities such as wheat, barley, and other grains. Imports: Machinery: Russia imports machinery and equipment for industrial purposes, including machinery for manufacturing and infrastructure development. Russia Import Data Consumer Goods: Like many countries, Russia imports various consumer goods such as electronics, clothi...
Read more

Importance of Turkey Import Export in Trade Data Business

Are you planning to do trade business with Turkey? If so, it is very important to know the trade dynamics of the country so that you can make informed business decisions. Here comes the need of Turkey Global Import Export Data details on real-time basis for successful international trade expansion. Turkey Import Data is collected of statistical information about each company’s business activities. It is based on the shipping bills, import bills, invoices and other import export documents. The data provides a bird’s eye view of the commodities that are imported or exported in Turkey. The Turkey import and export data contains information about price, HS code, importers’ details, exporters’ details, custom data, shipment data, competitors’ data, product description and quantity. Know the importance of Turkey import export data 1. The authentic and real-time import export data is used to estimate the consumption pattern of Turkey. The businesses can predict the local demand of commoditi...
Read more