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Home » News » Business » June trade figures, the usual story

June trade figures, the usual story

Publishing Date : 03 October, 2017

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Statistics Botswana has released data showing that during June 2017, imports were valued at P4, 489.0 million. It further states that the Southern African Customs Union (SACU) was the major source of imports into Botswana, accounting for 57.2 percent (P2, 569.1 million) of total imports.


South Africa was the main source of imports within the Union, with a contribution of 56.4 percent (P2, 531.1 million) to total imports during the month under review. “The major commodities imported from South Africa were; Fuel and Food, Beverages & Tobacco with contributions of 22.4 percent (P567.4 million) and 19.5 percent (P493.2 million) respectively to total imports from that country. Machinery & Electrical Equipment and Chemicals & Rubber Products followed with contributions of 13.3 percent (P335.7 million) and 11.4 percent (P289.0 million) respectively to total imports from South Africa.”


According to Statistics Botswana the European Union (EU) supplied imports valued at P359.4 million, accounting for 8.0 percent of total imports during the month under review. Belgium and Germany respectively supplied 3.7 percent (P165.9 million) and 2.7 percent (P122.0 million) of total imports during June 2017.


“Imports from Asia were valued at P322.4 million during June 2017, accounting for 7.2 percent of total imports. India, China and Israel were the main contributors of imports from Asia, with 1.8 percent (P81.5 million), 1.5 percent (P68.7 million) and
1.3 percent (P57.6 million) respectively.” Diamonds was the major commodity imported from Asia, at 42.9 percent (P138.2 million) of total imports.


Exports by Major Trading Partners


Meanwhile total exports destined to Asia were valued at P3, 067.8 million, representing 54.4 percent of total exports (P5, 635.0 million) during June 2017. Statistics Botswana says India and the United Arab Emirates (UAE) received 19.8 percent (P1, 117.2 million) and 13.2 percent (P745.7 million) respectively, of total exports during the month under review. It further shares that Singapore, Israel and Hong Kong followed with 9.7 percent (P547.9 million), 6.3 percent (P352.5 million) and 4.3 percent (P243.8 million) respectively, of total exports during June 2017.  Diamonds was the only commodity exported to Asia during the month under review.


“Exports destined to the EU region were valued at P1, 510.8 million, representing 26.8 percent of total exports during the month under review. Belgium was the main destination for exports to the EU, having received 26.2 percent (P1, 476.2 million) of total exports during June 2017, mainly attributed to Diamonds.”


During June 2017, exports destined to the SACU region were valued at P714.7 million, representing 12.7 percent of total exports. South Africa and Namibia received exports accounting for 8.7 percent (P487.9 million) and 4.0 percent (P226.3 million) respectively, of total exports during the month under review. Again, the major commodity exported to South Africa and Namibia was Diamonds, representing 42.1 percent (P205.6 million) and 81.0 percent (P183.4 million) of total exports to the respective countries.


Some of the significant destinations for exports during June 2017, were Switzerland and the United States of America (USA) at 3.0 percent (P168.8 million) and the 1.4 percent (P80.1 million) respectively. “The major commodity exported to Switzerland and the USA was Diamonds, representing 83.2 percent (P140.5 million) and 99.8 percent (P80.0 million) of total exports to those respective countries, during the month under review.”

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