Major imports and exports of Lesotho
Foreign trade is a powerful driver for economic growth of any country. Lesotho has also carved a benchmark as a significant player in the international trade, with its GDP expected to reach 2.61 USD by the end of 2023 as per the country’s Import Export Data . Lesotho’s export- Fuelling economic growth of the country As per Lesotho Export Data , the main exports of the country are 1. Clothing: The country has taken advantage of AGOA to become one of the largest exporters of apparels to the United States. The exports of clothing to South African market are growing because of the country’s strategy to diversify the manufacturing sector. The majority of garment companies in Lesotho are producing for South Africa and US market. The textile exports to South Africa account for 30% of the total exports in volume. 2. Diamonds: Lesotho is one of the largest exporters of diamonds. The country in 2021 exported USD 373 million in diamonds, making it the 21st largest exporter of diamonds in the wor...