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Botswana's trade data reflects its economic activities in the global market. As of the latest reports, Botswana has experienced a trade deficit, with total exports amounting to approximately $7.47 billion and imports around $8.45 billion, leading to a negative trade balance. The country's main exports include diamonds, copper ore, and insulated wire, primarily to the United Arab Emirates, Belgium, and India. Imports consist mainly of diamonds, refined petroleum, and delivery trucks, largely from South Africa, Namibia, and Belgium. Botswana's trade policies are characterized by a relatively low average tariff rate, facilitating its trade engagements internationally.
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Here are the top 10 trading partners for Botswana:
South Africa: Botswana’s largest trading partner, both in terms of imports and exports
Namibia: A significant partner, especially for imports
United Arab Emirates: A major destination for Botswana’s exports
Belgium: Another key partner for both imports and exports
India: Important for both imports and exports
Canada: A notable partner, especially for imports
Singapore: Significant for exports
France: An important import partner
Russia: Another key import partner
China: Important for imports
Here are the top 10 trade industries in Botswana based on their export value:
Gems and precious metals: US$7.2 billion (87.5% of total exports)
Ores, slag, and ash: $322.4 million (3.9%)
Electrical machinery and equipment: $166.7 million (2%)
Live animals: $96 million (1.2%)
Mineral fuels including oil: $58.6 million (0.7%)
Inorganic chemicals: $56.2 million (0.7%)
Machinery including computers: $45.2 million (0.5%)
Vehicles: $33.6 million (0.4%)
Plastics and plastic articles: $29.1 million (0.4%)
Salt, sulphur, stone, and cement: $25.5 million (0.3%)
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