Lesotho Balance of Trade

Lesotho recorded a trade deficit of 2359.37 million LSL in the second quarter of 2012. Balance of Trade in Lesotho is reported by the Central Bank of Lesotho. Historically, from 2001 until 2012, Lesotho Balance of Trade averaged -1335.45 million LSL reaching an all time high of -746.93 million LSL in September of 2006 and a record low of -2997.28 million LSL in March of 2012. Lesotho runs systemic trade deficits due to import dependency on fuel, food and capital equipment. The main exports are: clothing (40 percent of total exports), diamonds (22 percent), road vehicles, water and wool. Main trading partner are the United States and South Africa. This page includes a chart with historical data for Balance of Trade in Lesotho.

 TO REFRESH COMPARE
Lesotho Balance of Trade
    EMAIL
 


Balance of Trade | Notes

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.










Buy Ads Directly on TRADING ECONOMICS