Data revision wipes out Feb trade surplus

Trading goods: South Africa is Botswana's biggest trading partner PIC: MBONGENI MGUNI
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.

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