Botswana2021 Economic Complexity Trade : -0.67, Rank 93 of 131
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2021 Economic Complexity Research : -0.8, Rank 111 of 140
2021 Product Exports | Imports: $7.66B | $8B, 106 of 226 | 116 of 226
2021 Per Capita Product Exports | Imports: $3.2k | $3.34k, 80 of 219 | 102 of 219
Overview In 2021, Botswana was the number 119 economy in the world in terms of GDP (current US$), the number 106 in total exports, the number 116 in total imports, the number 82 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.
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.
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.
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).
Fastest Growing Export Markets (2020 - 2021)
Fastest Growing Import Markets (2020 - 2021)
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).
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.
The highest complexity exports of Botswana according to the product complexity index (PCI) are Cement, concrete or artificial stone; whether or not reinforced, articles thereof (0.36), Tubes, pipes and hoses and fittings thereof (for example, joints, elbows, flanges), of plastics (-0.19), Synthetic, reconstructed precious, semi-precious stone worked, graded or not, not strung or mounted, set; ungraded synthetic, reconstructed precious, semi-precious stones, temporarily strung for transport (-0.2), Braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (-0.39), and Sulphates; alums; peroxosulphates (persulphates) (-0.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
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.
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.
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.
During the last 20 years Botswana's economy has become relatively less complex, moving from the nullth 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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