Overview In 2019 Botswana was the number 114 economy in the world in terms of GDP (current US$), the number 113 in total exports, the number 119 in total imports, the number 83 economy in terms of GDP per capita (current US$) and the number 86 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Botswana are Diamonds ($4.8B), Insulated Wire ($102M), Gold ($41.8M), Bovine Meat ($38.3M), and Carbonates ($38.1M), exporting mostly to India ($1.1B), Belgium ($1.01B), United Arab Emirates ($997M), South Africa ($492M), and Israel ($374M).

Imports The top imports of Botswana are Diamonds ($1.77B), Refined Petroleum ($740M), Cars ($164M), Delivery Trucks ($143M), and Electricity ($140M), importing mostly from South Africa ($3.89B), Namibia ($590M), Canada ($443M), France ($284M), and India ($257M).

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

Historical Data

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Yearly Exports

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Top Export (2019): Diamonds, $4.8B

Top Destination (2019): India, $1.1B

In 2019, Botswana exported a total of $5.35B, making it the number 113 exporter in the world. During the last five reported years the exports of Botswana have changed by -$2.67B from $8.02B in 2014 to $5.35B in 2019.

The most recent exports are led by Diamonds ($4.8B), Insulated Wire ($102M), Gold ($41.8M), Bovine Meat ($38.3M), and Carbonates ($38.1M). The most common destination for the exports of Botswana are India ($1.1B), Belgium ($1.01B), United Arab Emirates ($997M), South Africa ($492M), and Israel ($374M).

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Yearly Imports

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Top Import (2019): Diamonds, $1.77B

Top Origin (2019): South Africa, $3.89B

In 2019 Botswana imported $6.76B, making it the number 119 trade destination in the world. During the last five reported years the imports of Botswana changed by -$1.48B from $8.25B in 2014 to $6.76B in 2019.

The most recent imports of Botswana are led by Diamonds ($1.77B), Refined Petroleum ($740M), Cars ($164M), Delivery Trucks ($143M), and Electricity ($140M). The most common import partners for Botswana are South Africa ($3.89B), Namibia ($590M), Canada ($443M), France ($284M), and India ($257M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Botswana has a high level of specialization in Diamonds (157), Salt (26.1), Carbonates (15.7), Scrap Lead (8.57), and Postage Stamps (7.79). 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

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The highest complexity exports of Botswana according to the product complexity index (PCI) are Articles of cement, concrete or artificial stone (0.38), Wooden cases, boxes, crates, drums, pallets, etc (0.25), Stoppers, caps, lids, crown corks, etc off base metal (0.19), Plastic tube, pipe, hose and fittings (0.021), and Carbonates (-0.43). 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 Botswana according to the relatedness index, are Raw Cotton (0.045), Other Oily Seeds (0.044), Gold (0.044), Crude Petroleum (0.043), and Manganese Ore (0.042). 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 it is currently specialized in.

Relatedness Space

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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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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.

Economic Complexity Ranking

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During the last 19 years Botswana's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨64th to the 86th⁩ 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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