Exports growth positive as imports decline
Botswana’s exports value increased in December from the previous month according to the latest data provided by Statistics Botswana.
During the month of December 2019, Botswana’s exports were valued at P5.8 billion which is an increase of 22.2 percent from the revised November value of P4.7 billion.
The increase in the value of exports is attributed to the rise in diamond exports during the month which went up by 25.8 percent or P1.1 billion.
However, year-on-year, the value of exports is lower as in December 2018; the country’s total exports were valued at P7.2 billion.
This decline is reportedly due to the decrease in almost all commodity groups, except plastic and plastic products.
Although diamonds were the main contributor to the rise in exports value during December 2019, the commodity fared badly on a yearly basis between December 2018 and December 2019.
The mineral contribution value to total exports fell by 20 percent, from P6.7 billion in December 2018, to P5.4 billion last December.