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
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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