Lesotho Trade Statistics

 

Lesotho landlocked by Southern Africa occupies a land area of 30,355 square kilometers and holds a population of 2.3 million, home to enchanting scenic views in the land area leads to more tourist visits in the nation. The majority of the population residing in the Urban areas of the nation practices Sesotho and English as their official language; the ethnic culture of the nation is influenced by the British Empire and the Dutch Settlers of the early era. The natural reserves accompanied by the industrial and agricultural resources are promoting the trade growth of the nation to a positive extent.

The trade statistics of Lesotho have faced certain up-downs in its statistical graph due to some political instability and few trade barriers. The increased focus of the government in the export trade sectors along with the mineral reserves has led to a GDP of 2.8 billion US dollars in 2023; a significant growth rate of 4.5% from the previous year says the Lesotho Import Data.

Valuation of Traded Commodities

The valuation of trades within the nation and the top traders across the globe not only contributes to the annual revenue rates but also boosts the export trade rank globally. As per the Lesotho Trade Data, the valuation of the import and export commodities of the nation in 2023 are discussed below,

Valuation of Imports

• Refined petroleum (HS code - 27) – Valuation of Refined petroleum imports 2023 – 400 million US dollars

• Cars (HS code - 87)– 2023 – Valuation of Cars imports 200 million US dollars

• Packaged medicaments (HS code -30 ) – Valuation of Packaged medicaments imports 2023 – 100 million US dollars

• Rice (HS code - 10)– 2023 – Valuation of Rice imports 80 million US dollars

• Wheat (HS code - 10) –2023 – Valuation of Wheat imports 70 million US dollars

• Palm oil (HS code - 15) –2023 – Valuation of Palm oil imports 60 million US dollars

• Packaged human blood (HS code - 30)– Valuation of Packaged human blood imports 2023 – 50 million US dollars

• Gold (HS code - 71)– Valuation of Gold imports 2023 – 40 million US dollars

• Delivery trucks (HS code - 84)– Valuation of Delivery trucks imports 2023 – 30 million US dollars

• Iron products (HS code - 39)– Valuation of Iron products imports 2023 – 10 million US dollars

Valuation of Exports

• Diamonds (HS code - 71) – Valuation of Diamonds exports 2023 – 300 million US dollars

• Wool and Mohair (HS code - 51)– Valuation of Wool and Mohair exports 2023 – 200 million US dollars

• Clothing and Textiles (HS code - 59)– Valuation of Clothing and Textiles exports 2023 – 150 million US dollars

• Footwear (HS code - 64)– Valuation of Footwear exports 2023 – 70 million US dollars

• Water (HS code - 22)– Valuation of Water exports 2023 – 50 million US dollars

• Precious stones (HS code - 71)– Valuation of Precious stones exports 2023 – 40 million US dollars

• Iron and Steel (HS code - 72)– Valuation of Iron and Steel exports 2023 – 30 million US dollars

• Fruits and vegetables (HS code - 07)– Valuation of Fruits and vegetables exports 2023 – 25 million US dollars

• Meat products (HS code - 02)– Valuation of Meat products exports 2023 – 15 million US dollars

• Machinery (HS code - 84)– Valuation of Machinery exports 2023 – 10 million US dollars

Top Trade Partners of Lesotho

The expansion of trades over the top traders across the globe not only maintains economic stability but also gives a push-up to steady economic growth. As per the Lesotho Customs Data, the top trade partners of the nation in 2023 with its trade values are discussed below,

• South Africa – Valuation of trades within South Africa and Lesotho 2023 – 1.2 billion US dollars

• China – Valuation of trades within China and Lesotho 2023 – 650 million US dollars

• United States – Valuation of trades within the United States and Lesotho 2023 – 480 million US dollars

• India – Valuation of trades within India and Lesotho 2023 – 350 million US dollars

• Germany – Valuation of trades within Germany and Lesotho 2023 – 250 million US dollars

• Switzerland – Valuation of trades within Switzerland and Lesotho 2023 – 128 million US dollars

• United Arab Emirates – Valuation of trades within the United Arab Emirates and Lesotho 2023 – 90 million US dollars

• Belgium – Valuation of trades within Belgium and Lesotho 2023 – 80 million US dollars

• Mozambique – Valuation of trades within Mozambique and Lesotho 2023 – 70 million US dollars

• Netherlands – Valuation of trades within Netherlands and Lesotho 2023 – 60 million US dollars

Top Trading Companies of Lesotho in 2023

The trade rates of the nation and the stable economy are all because of the evolving trading companies serving the majority of export factors contributing to the annual revenue. As per the Lesotho Export Data, the top trading companies of the nation in 2023 are discussed below,

• Letshego Holdings Limited – Valuation of trades from Letshego Holdings Limited  in 2023 – 1.2 billion US dollars

• Standard Lesotho Bank – Valuation of trades from Standard Lesotho Bank in 2023 – 820 million US dollars

• Nedbank Lesotho – Valuation of trades from Nedbank Lesotho in 2023 – 670 million US dollars

• Woolworths (Pty) Ltd – Valuation of trades from Woolworths (Pty) Ltd  in 2023 – 540 million US dollars

• Econet Telecom Lesotho – Valuation of trades from Econet Telecom Lesotho in 2023 – 470 million US dollars

• Pick n Pay Retailers (Pty) Ltd – Valuation of trades from Pick n Pay Retailers (Pty) Ltd  in 2023 – 420 million US dollars

• Lesotho Flour Mills (Pty) Ltd – Valuation of trades from Lesotho Flour Mills (Pty) Ltd  in 2023 – 380 million US dollars

• Letshego Financial Services Lesotho (Pty) Ltd – Valuation of trades from Letshego Financial Services Lesotho (Pty) Ltd  in 2023 – 320 million US dollars

• Sefalana Cash & Carry (Lesotho) Pty Ltd – Valuation of trades from Sefalana Cash & Carry (Lesotho) Pty Ltd  in 2023 – 290 million US dollars

• Standard Chartered Bank (Lesotho) Limited – Valuation of trades from Standard Chartered Bank (Lesotho) Limited in 2023 – 180 million US dollars

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