Trade swings into deficit as diamond exports drop

Diamonds exports fell by 40% in March, 2017
Diamonds exports fell by 40% in March, 2017

A steep decline in diamond exports led to the country’s trade balance recording a deficit of P215.2 million in March 2017.

This follows surpluses registered during January and February 2017 at values of P3.2 billion and P2.5 billion respectively.

International Merchandise Trade Statistics (IMTS) released on Tuesday by Statistics Botswana (SB) said the deficit was due to the significant decrease of 39.7% in total exports during the month under review.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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