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.

FROM TO COMPARE
Lesotho Balance of Trade

Trade Last Previous Highest Lowest Forecast Unit Trend
Balance of Trade -2359.37 Jun/2012 -2997.28 -746.93 -2997.28 -1917.36 Sep/2012 million LSL Trend
Current Account -976.00 Jun/2012 -2461.72 829.12 -2461.72 -1021.82 Sep/2012 million LSL Trend
Current Account to GDP -17.30 Dec/2011 -22.50 14.65 -39.67 -17.33 Dec/2012 Percent Trend
Exports 2114.96 Jun/2012 1575.56 2665.89 476.79 2295.16 Sep/2012 million LSL Trend
Imports 4474.33 Jun/2012 4572.84 4572.84 1337.33 4587.42 Sep/2012 million LSL Trend



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.



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