Flag Lesotho

2019
Economic
Complexity
: -0.79, Rank 123 of 157

2019
Product
Exports | Imports
: $1.14B | $1.53B, 154 of 225 |  168 of 225

2019
Per Capita Product
Exports | Imports
: $536 | $718, 150 of 219 |  164 of 219

2018
Service
Exports | Imports
: $36.5M | $492M, 86 of 88 | 77 of 88

Overview: In 2019 Lesotho was the number 163 economy in the world in terms of GDP (current US$), the number 154 in total exports, the number 168 in total imports, the number 163 economy in terms of GDP per capita (current US$) and the number 123 most complex economy according to the Economic Complexity Index (ECI).

Exports: The top exports of Lesotho are Diamonds ($478M), Knit Women's Suits ($109M), Non-Knit Men's Suits ($109M), Knit T-shirts ($51.3M), and Knit Sweaters ($50.1M), exporting mostly to United States ($332M), Belgium ($297M), South Africa ($282M), Switzerland ($71.9M), and United Arab Emirates ($40.1M).

Imports: The top imports of Lesotho are Refined Petroleum ($171M), Light Rubberized Knitted Fabric ($67.9M), Packaged Medicaments ($39.4M), Delivery Trucks ($36.2M), and Poultry Meat ($30.5M), importing mostly from South Africa ($1.3B), China ($72M), Chinese Taipei ($63.5M), India ($41.6M), and Hong Kong ($10.4M).

Location: Lesotho borders South Africa by land.

Yearly Exports

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Value
Depth

Top Export (2019): Diamonds, $478M

Top Destination (2019): United States, $332M

In 2019, Lesotho exported a total of $1.14B, making it the number 154 exporter in the world. During the last five reported years the exports of Lesotho have changed by -$194M from $1.33B in 2014 to $1.14B in 2019.

The most recent exports are led by Diamonds ($478M), Knit Women's Suits ($109M), Non-Knit Men's Suits ($109M), Knit T-shirts ($51.3M), and Knit Sweaters ($50.1M). The most common destination for the exports of Lesotho are United States ($332M), Belgium ($297M), South Africa ($282M), Switzerland ($71.9M), and United Arab Emirates ($40.1M).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $171M

Top Origin (2019): South Africa, $1.3B

In 2019 Lesotho imported $1.53B, making it the number 168 trade destination in the world. During the last five reported years the imports of Lesotho changed by -$147M from $1.67B in 2014 to $1.53B in 2019.

The most recent imports of Lesotho are led by Refined Petroleum ($171M), Light Rubberized Knitted Fabric ($67.9M), Packaged Medicaments ($39.4M), Delivery Trucks ($36.2M), and Poultry Meat ($30.5M). The most common import partners for Lesotho are South Africa ($1.3B), China ($72M), Chinese Taipei ($63.5M), India ($41.6M), and Hong Kong ($10.4M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Lesotho Exports Services (2018): $36.5M

Lesotho Imports Services (2018): $492M

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 ($3.82M), Embassies and consulates ($2.73M), and Air transport ($552k).

The top services imported by Lesotho in 2018 were Business travel ($324M), Other transport ($55.3M), Miscellaneous business, professional, and technical services ($41.4M), Embassies and consulates ($23M), and Merchanting and other trade-related services ($12.9M).

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 19 years Lesotho's⁩ ⁨economy has become relatively mÑs complex, moving from the ⁩⁨124th to the 123rd⁩ 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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Most Specialized Products by RCA Index

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Lesotho has a high level of specialization in Wool (134), Bedspreads (95.7), Diamonds (73.3), Knit Men's Shirts (59.4), and Animal Hair (56.4). Specialization is measured using RCA, an index that takes the ratio between Lesotho observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Lesotho according to the product complexity index (PCI) are Shafts, cranks, gears, clutches, flywheel, pulleys etc (1.6), Engines and motors, nes (1.06), Tin bars, rods, profiles and wire (0.92), Electrical switches, connectors, etc, for < 1kV (0.67), and Electrical apparatus for voltage over 1 kV (0.34). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Lesotho according to the relatedness index, are Knit Women's Undergarments (0.11), Non-Knit Women's Undergarments (0.11), Packing Bags (0.1), Crustaceans (0.1), and Coconuts, Brazil Nuts, and Cashews (0.098). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lesotho 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 it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.