In 2021, Lesotho exported a total of $1.07B, making it the number 160 exporter in the world. During the last five reported years the exports of Lesotho have changed by $122M from $945M in 2016 to $1.07B in 2021.
In 2018, Lesotho exported $36.5M worth of services. The top services exported by Lesotho in 2018 were Personal travel ($23.4M), Miscellaneous business, professional, and technical services ($5.07M), Merchanting and other trade-related services ($3.83M), Embassies and consulates ($2.73M), and Air transport ($553k).
The top services imported by Lesotho in 2018 were Business travel ($324M), Other transport ($55.4M), Miscellaneous business, professional, and technical services ($41.4M), Government services, n.i.e. ($23M), and Merchanting and other trade-related services ($12.9M).
Lesotho has a high level of specialization in Wool (311), Animal Hair (250), Bedspreads (107), Knit Men's Shirts (67.4), and Diamonds (64.3). Specialization is measured using RCA, an index that takes the ratio between Lesotho observed and expected exports in each product.
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.
This network shows the products most related to the production structure of Lesotho. These are products that tend to be co-exported with the products that Lesotho exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.