Latest News

Botswana National Front Central Committee (BNFCC) over the weekend res...
Public Accounts Committee (PAC) has raised a concern over the rising n...
Botswana Prisons Service has committed to start a video conferencing f...
The High Court has for the second time interdicted the Botswana Red Cr...

Data revision wipes out Feb trade surplus

Trading goods: South Africa is Botswana's biggest trading partner PIC: MBONGENI MGUNI
Data revisions by researchers at Statistics Botswana have wiped away the trade surplus recorded in February this year.

In its latest update on the merchandise trade balance,

Statistics Botswana noted that the preliminary surplus of P13.9 million reported in February, had now been amended to a deficit of P39 million. The January surplus of P1.48 billion was also revised marginally down to a surplus of P1.43 billion. The surplus reported in January had been the country’s first since January 2020 and the good figures in February had given hope that the country was finally breaking its rolling trade deficits seen for most of 2020.

In its latest update, Statistics Botswana indicates that the trade balance in March suffered a P945.7 million deficit as imports surged against exports. The trade balance, which is the difference between the value

of goods imported and those exported, has generally been under pressure for years due to lower levels of mineral exports set against high imports of commodities such as fuel and those required for projects. The trade balance in 2020 was a deficit of P26 billion, compared to a P14 billion shortfall in 2019, as the country’s major exports slumped on the back of the coronavirus (COVID-19) disruptions in terms of markets and prices.

The impact was reflected on the country’s foreign reserves, as the Bank of Botswana was forced to make more funds available for short-term foreign currency requirements. Economists have warned that when deficits persist, they weaken a country’s foreign reserves and potentially its currency.


Banners ?>


Kwa Botswana ke fitlhetse moupudu o budule

Latest Frontpages

Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper
Adana Escort Adıyaman Escort Afyon Escort Ağrı Escort Aksaray Escort Amasya Escort Ankara Escort Antalya Escort Antep Escort Ardahan Escort Artvin Escort Aydın Escort Balıkesir Escort Bartın Escort Batman Escort Bayburt Escort Bilecik Escort Bingöl Escort Bitlis Escort Bolu Escort Burdur Escort Bursa Escort Çanakkale Escort Çankırı Escort Çorum Escort Denizli Escort Diyarbakır Escort Düzce Escort Edirne Escort Erzincan Escort Elazığ Escort Erzurum Escort Eskişehir Escort Giresun Escort Gümüşhane Escort Hakkari Escort Hatay Escort Iğdır Escort Isparta Escort İskenderun Escort İstanbul Escort İzmir Escort İzmit Escort Karabük Escort Karaman Escort Kars Escort Kastamonu Escort Kayseri Escort Kıbrıs Escort Kırıkkale Escort Kırklareli Escort Kırşehir Escort Kilis Escort Kocaeli Escort Konya Escort Kütahya Escort Malatya Escort Manisa Escort Maraş Escort Mardin Escort Mersin Escort Muğla Escort Muş Escort Nevşehir Escort Niğde Escort Ordu Escort Osmaniye Escort Rize Escort Sakarya Escort Samsun Escort Siirt Escort Sinop Escort Sivas Escort Şırnak Escort Tekirdağ Escort Tokat Escort Trabzon Escort Tunceli Escort Urfa Escort Uşak Escort Van Escort Yalova Escort Yozgat Escort Zonguldak Escort Alaçatı Escort Aliağa Escort Alsancak Escort Bornova Escort Buca Escort Çeşme Escort Çiğli Escort Gaziemir Escort Karşıyaka Escort fethiye escort iskenderun escort iskenderun escort iskenderun escort iskenderun escort iskenderun escort