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Lesotho, a small landlocked country in Southern Africa, has a trade profile characterized by a significant textile and clothing export sector, which benefits from trade agreements such as the African Growth and Opportunity Act (AGOA). In 2021, Lesotho's exports totaled approximately $949 million, with a diverse range of products exported to 89 partner countries. However, imports were higher, at around $1.67 billion, leading to a trade deficit. The country's trade activities are supported by its membership in the World Trade Organization (WTO) and regional economic communities, which facilitate trade with partners both within and outside Africa.
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Top Export Partners (2022)
South Africa (37.4%)
United States (28.1%)
Belgium (18.9%)
United Arab Emirates (6.3%)
United Kingdom (2.8%)
Germany (1.5%)
China (1.2%)
Japan (1.1%)
Netherlands (0.9%)
India (0.8%)12.
Top Import Partners (2022)
South Africa (78.4%)
China (6.1%)
Taiwan (4.8%)
Zimbabwe (3.5%)
India (1.7%)
United States (1.2%)
Germany (1.0%)
Japan (0.9%)
United Kingdom (0.8%)
Netherlands (0.6%)
Liberia’s top 10 trade industries based on their export values:
Gold: $699 million
Iron Ore: $347 million
Passenger and Cargo Ships: $291 million
Rubber: $216 million
Special Purpose Ships: $109 million
Palm Oil: Significant but less than the top five
Cocoa: Significant but less than the top five
Diamonds: Significant but less than the top five
Timber: Significant but less than the top five
Fish and Seafood: Significant but less than the top five
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