Lesotho (LSO) and Australia (AUS) Trade | The Observatory of Economic Complexity

About

Lesotho-Australia Trade: In 2023, Lesotho exported $604k to Australia. The main products that Lesotho exported to Australia were Perfume Plants ($342k), Vegetable Saps ($221k), and Knit Men's Shirts ($20.3k). Over the past 5 years the exports of Lesotho to Australia have decreased at an annualized rate of 13.8%, from $1.27M in 2018 to $604k in 2023.

In 2023, Lesotho did not export any services to Australia.

Australia-Lesotho Trade: In 2023, Australia exported $287k to Lesotho. The main products that Australia exported to Lesotho were Malt Extract ($192k), Other Paper Machinery ($23.9k), and Chemical Analysis Instruments ($20.9k). Over the past 5 years the exports of Australia to Lesotho have increased at an annualized rate of 19.1%, from $120k in 2018 to $287k in 2023.

In 2023, Australia did not export any services to Lesotho.

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $604k to Australia. The main products exported from Lesotho to Australia were Perfume Plants ($342k), Vegetable Saps ($221k), and Knit Men's Shirts ($20.3k). During the last 5 years the exports of Lesotho to Australia have decreased at an annualized rate of 13.8%, from $1.27M in 2018 to $604k in 2023.

In 2018, Australia exported $287k to Lesotho. The main products exported from Australia to Lesotho were Malt Extract ($192k), Other Paper Machinery ($23.9k), and Chemical Analysis Instruments ($20.9k). During the last 5 years the exports of Australia to Lesotho have increased at an annualized rate of 19.1%, from $120k in 2023 to $287k in 2018.

Exports from Lesotho () to Australia () (2023)

Exports from Australia () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Australia ()

Lesotho Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Australia
Top DestinationChina$137B

This map shows whether countries import more from Lesotho or Australia. Each country is colored based on the difference in imports they receive from Lesotho and Australia or the difference in the growth in imports.

In 2023, no countries were registered that imported more from Lesotho than from Australia.

In 2023, countries that imported more from Australia than Lesotho included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Lesotho () (2023)

Comparative Advantage Lesotho - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Lesotho and Australia by product, considering products traded by both, Lesotho and Australia.

During 2023, Lesotho had a large net trade with Australia in the exports of Vegetable Products ($563k), Textiles ($35.8k), and Machines ($3.84k).

During 2018, Australia had a large net trade with Lesotho in the exports of Foodstuffs ($192k), Instruments ($30.1k), and Machines ($25.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Australia+$303kKnit T-shirts

Top Product Potential Australia Lesotho+$16.9kComputers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Lesotho and Australia. This means that a dot/product with the flag of Lesotho indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Lesotho.

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Australia () (2023)

Exports from Australia () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Australia ()

Lesotho Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Lesotho () (2023)

Comparative Advantage Lesotho - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Australia () (2023)

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