About

Overview In 2021, Botswana was the number 118 economy in the world in terms of GDP (current US$), the number 106 in total exports, the number 116 in total imports, the number 101 economy in terms of GDP per capita (current US$) and the number 93 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Botswana are Diamonds ($6.86B), Insulated Wire ($114M), Copper Ore ($105M), Bovine ($80M), and Gold ($72.9M), exporting mostly to United Arab Emirates ($1.94B), Belgium ($1.66B), India ($1.31B), South Africa ($684M), and Israel ($451M).

Imports The top imports of Botswana are Diamonds ($2.69B), Refined Petroleum ($788M), Delivery Trucks ($150M), Electricity ($143M), and Tanks and Armored vehicles ($135M), importing mostly from South Africa ($4.47B), Belgium ($992M), United Arab Emirates ($426M), Namibia ($390M), and India ($369M).

Location Botswana borders Namibia, South Africa, Zambia, and Zimbabwe by land.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Botswana.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Diamonds$6.86B
Top Destination (2021)United Arab Emirates$1.94B

In 2021, Botswana exported a total of $7.66B, making it the number 106 exporter in the world. During the last five reported years the exports of Botswana have changed by $378M from $7.28B in 2016 to $7.66B in 2021.

The most recent exports are led by Diamonds ($6.86B), Insulated Wire ($114M), Copper Ore ($105M), Bovine ($80M), and Gold ($72.9M). The most common destination for the exports of Botswana are United Arab Emirates ($1.94B), Belgium ($1.66B), India ($1.31B), South Africa ($684M), and Israel ($451M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
United Arab Emirates$985M (+ 103%)
Belgium$716M (+ 75.5%)
India$405M (+ 45%)
Fastest Growing Import Markets (2020 - 2021)
South Africa$1.01B (+ 29.1%)
Belgium$526M (+ 113%)
India$198M (+ 116%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Botswana Exports Services (2019)$924M
Botswana Imports Services (2019)$1.17B

In 2019, Botswana exported $924M worth of services. The top services exported by Botswana in 2019 were Personal travel ($568M), Other business services ($152M), Transportation ($53.1M), Government services, n.i.e. ($41.8M), and Financial services ($38.8M).

The top services imported by Botswana in 2019 were Other business services ($262M), Transportation ($260M), Personal travel ($227M), Government services, n.i.e. ($144M), and Royalties and license fees ($106M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)-0.67Rank 93 of 131
Economic Complexity (Research)-0.8Rank 111 of 140

Most Specialized Products by RCA Index

Botswana has a high level of specialization in Diamonds (165), Bovine (23), Ornamental Trimmings (22.3), Salt (19.8), and Carbonates (14.7). Specialization is measured using RCA, an index that takes the ratio between Botswana observed and expected exports in each product.

Most Complex Products by PCI

Export Opportunities by Relatedness

The top export opportunities for Botswana according to the relatedness index, were Tin Ores (0.046), Gold (0.046), Wool (0.042), Manganese Ore (0.042), and Raw Cotton (0.04). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Botswana is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Botswana. These are products that tend to be co-exported with the products that Botswana exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Botswana's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨60th to the 93rd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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