Trade deficit eases but worries persist

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.