Advertisement

Trade deficit widens on softer diamond exports

Diamond exports fell 35% in August this year
Diamond exports fell 35% in August this year

Botswana’s trade deficit widened to P1.7 billion in August 2015 from P486.4 million recorded in July this year due to low volumes of diamond exports.

Trade data released by Statistics Botswana this week shows that while imports remained relatively flat, the deficit was driven by a significant 34% decline in exports from P4.6 billion to P3.03 billion. 

An analysis of the data shows that the decline in exports was triggered by lower diamond exports  (both polished and rough), which plunged 35% to P2.4 billion over the two months.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up