Data revision wipes out Feb trade surplus

In its latest update on the merchandise trade balance,

Statistics Botswana noted that the preliminary surplus of P13.9 million reported in February, had now been amended to a deficit of P39 million. The January surplus of P1.48 billion was also revised marginally down to a surplus of P1.43 billion. The surplus reported in January had been the country’s first since January 2020 and the good figures in February had given hope that the country was finally breaking its rolling trade deficits seen for most of 2020.