Botswana’s Trade Deficit Expands Due To Lower Diamond Exports

Finance and Trade
09/11/2015 08:29

Botswana’s trade deficit widened to nearly $160 million in August 2015 from $45 million in July due to low volumes of diamond exports. Trade data published by Statistics Botswana shows that while imports remained relatively flat, the deficit was driven by a 34-percent decline in exports to $280 million from $430 million. The plunge in the export figures was sparked by lower rough and polished diamond exports, which fell 35 percent to just over $220 million over the two-month period, Mmegi Online reported.