Botswana`s trade balance expected to rebound

source: Mmegi
Staff Writer

Coupled with an expected favourable monetary environment, recovery in major export markets should power Botswana’s trade balance back to the black, following a near 13-month streak of running deficits.The country has recorded trade deficits since November 2008, with imports outstripping exports by more than P1 billion for most of that period.

According to the CSO, Botswana’s imports for 2009 amounted to P33.3 billion while exports for the year amounted to P24 billion, resulting in an overall deficit of P9.3 billion.

In comparison, the trade deficit for 2008 was P2.5 billion. The 2009 deficit is largely due to the contraction of prime export industries such as diamond mining, textiles, copper/nickel and beef, due to the collapse of target markets in the grip of [continue reading]


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