Trade deficit eases but worries persist

Slow moving: South Africa is Botswana's biggest non-mining export partner PIC: MBONGENI MGUNI
Slow moving: South Africa is Botswana's biggest non-mining export partner PIC: MBONGENI MGUNI

The country’s merchandise trade deficit eased to P3 billion in August, from P3.5 billion in July, helped by lower fuel imports and a rebound in diamond exports, numbers from Statistics Botswana this week indicate.

Merchandise trade refers to the import and export of goods into and out of Botswana. A trade deficit means the country is importing more goods than it is exporting, a situation that, when it persists, generally weakens foreign reserves and the local currency.

Exports in August amounted to P2.7 billion compared to imports of P5.7 billion. The August trade shortfall, however, continues a string of deficits seen since February when global borders and demand dropped due to the onset of Covid-19.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up