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.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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