Trade Surplus Drops 50% On Weak Diamond Prices

Monday, March 05, 2018

A fall in rough diamond prices last year resulted in the country’s trade balance dropping 47% to a surplus of P7.1 billion, data released by Statistics Botswana on Friday shows.

The trade balance is the relationship between imports and exports of goods at national level. A trade surplus occurs when the value of exports is greater than imports in any calendar year.

Statistics Botswana figures show that last year, exports amounted to P61.1 billion, while imports were pegged at P54 billion.

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Trade Surplus Drops 50% On Weak Diamond Prices

A fall in rough diamond prices last year resulted in the country’s trade balance dropping 47% to a surplus of P7.1 billion, data released by Statistics Botswana on Friday shows.

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Serowe man 'loses' P1m in trading

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