Africa News SACU dominates Botswana imports

SACU dominates Botswana imports

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Mpho Tebele

Gaborone – The Southern African Customs Union (SACU) region supplied 68.2 percent of Botswana’s total imports, latest figures released by Statistics Botswana show. 

Most of the imports from SACU came from South Africa, accounting for 54.7 percent, followed by Namibia with 12.9 percent.

Imports from the European Union (EU) and Asia regions accounted for 15.0 percent and 6.7 percent, respectively. Imports from Switzerland contributed 7.5 percent during November 2019.

 During November 2019, Botswana exported diamonds accounting for 90.8 percent of total exports. Machinery and transport equipment followed with 3.5 percent. India, Belgium and United Arab Emirates (UAE) were the major destinations for Botswana exports. 

India and Belgium received 28.2 percent and 23.9 percent respectively while the United Arab Emirates got 23.4 percent of total exports during the month under review. 

In November 2019, the value of Botswana’s total imports amounted to P7, 233.3 million, resulting in an increase of 28.5 percent compared to the revised October 2019 value of P 5, 628.4 million. 

Total exports for the current month were valued at P4, 549.6 million, registering an increase of 64.2 percent from the revised October 2019 value of P2, 771.2 million. During November 2019, diamonds were the most imported commodity, followed by vehicles and transport equipment. Diamonds and vehicles and transport equipment contributed 30.7 percent and 13.9 percent respectively. 

Machinery and electrical equipment accounted for 12.3 percent, while food, beverages and tobacco contributed 12.2 percent to total imports during the month under review.

During November 2019, total imports into Botswana amounted to P7, 233.3 million, recording a surge of 28.5 percent (P1, 604.9 million) over the revised October 2019 value of P5, 628.4 million. 

The surge is mainly attributed to diamonds imports, having increased by 58.1 percent (P816.8 million), from the revised October 2019 figure of P1, 405.0 million to P2, 221.9 million during November 2019.

 Another noticeable surge was recorded for vehicles and transport equipment, at over 100 percent (P548.9 million) increase from P460.0 million in October 2019 to P1, 008.9 million during the period under review. Imports of machinery and electrical equipment went up by 22.2 percent (P161.1 million) from P727.0 million in October 2019 to P888.1 million in November of the same year. When compared with November 2018, imports value for November 2019 show a drop of 3.5 percent (P266.0 million) from P7, 499.3 million recorded in November 2018 to P7, 233.3 million registered in November 2019.

 This was mainly attributed to the fall in imports value of diamonds, by 19.7 percent (P544.2 million) from P2, 766.1 million during November 2018 to P2, 221.9 million in November 2019. Fuel also contributed to the decrease, falling by 23.7 percent (P200.0 million) from P844.9 million during November 2018 to P644.9 million during the current month. Imports of vehicles and transport equipment registered an increase of 88.2 percent (P473.7 million) from P535.1 million in November 2018 to P1, 008.9 million currently, as a result cushioning the overall decrease in total imports.

Total exports value for November 2019 shows an increase of 64.2 percent (P1, 604.9 million) from the revised October 2019 value of P2, 771.2 million to P4, 549.6 recorded during the current month. The increase is mainly attributed to the 79.9 percent (P1, 834.8 million) rise in diamonds exports during November 2019.

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