Request a Demo
Request a Demo

Botswana Import Data

Export Data Import Data

Botswana Import Data

Boswana has emerged as one of the fastest-growing economies in Africa. With its stable political environment and abundance of natural resources, the country has become an attractive destination for foreign investors. As a result, Botswana's import trade is expected to continue growing in the coming years. Botswana is expected to maintain its position as one of the top importing countries in Africa. Botswana's import rank in 2020 was 29th globally and it is projected to remain within the top 30 by 2023. The country's strategic location and stable political environment make it an attractive destination for international trade.

With a current estimated population of over 2.4 million people, Botswana has been experiencing steady population growth over the years. By 2023, it is projected that this number will reach approximately 2.7 million people. This increase in population will have a direct impact on the country's export industry. Botswana's Gross Domestic Product (GDP) has also been on an upward trajectory over the past few years thanks to its thriving mining sector and diversified economy. By the year 2023, experts predict that Botswana's GDP will exceed $25 billion - almost double its current GDP.

Botswana's top importing products are likely to remain similar to the current trend in 2023. Machinery and equipment are among the leading imports of the country due to its developing industrial sector. Other popular imports include food and beverages, vehicles and parts, mineral fuels, and chemicals.

South Africa remains Botswana's top trading partner with over 60% share of total imports followed by China. These two countries have established strong economic ties with Botswana through various trade agreements and investments. Other major trading partners include Namibia, Canada, United States, India, Japan, Germany and UAE.

Overall, the import trade in Botswana is expected to continue thriving in 2023 as it continues its efforts towards diversifying its economy and reducing dependence on diamond exports. With favorable government policies promoting foreign investments, the country presents numerous opportunities for international companies looking for new markets. The local government also offers incentives for investors, such as tax exemptions, making it an attractive destination for businesses looking to expand their operations.

Download Sample Report

Botswana Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 20% (1.31 billion US dollar)HS CODE: 27 - Fuels, oils, and products of their distillation from minerals; bituminous substances; mineral waxes
  • 14.8% (954 million US dollar)HS CODE: 71 - A variety of natural and cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metals, and articles thereof; imitation jewelry; coins.
  • 8.43% (541 million US dollar)HS CODE: 84 - Parts of nuclear reactors, boilers, machinery, and mechanical appliances
  • 7.09% (455 million US dollar)HS CODE: 87 - Parts and accessories for vehicles other than railway or tramway rolling stock
  • 5.36% (343 million US dollar)HS CODE: 85 - Sound recorders and reproducers; television image and sound recorders and reproducers; and their parts and accessories
  • 4.35% (279 million USdollar)HS CODE: 22 - Vinegar, spirits, and beverages
  • 2.42% (155 million US dollar) HS CODE: 10 - Cereals
  • 2.4% (154 million US dollar)HS CODE: 39 - Articles made from plastics
  • 2.15% (138 million US dollar) HS CODE: 30 – Pharmaceutical
  • 2.02% (130 million US dollar) HS CODE: 73 - Steel or iron articles

Botswana Import Global Trade Data Shows Top 10
Trading Partners of Botswana

  • A share of 65% (4.17 billion US dollar) was held by South Africa
  • A share of 7.72% (495 million US dollar) belongs to Namibia
  • A share of 4.86% (311 million US dollar) was held by Canada
  • A share of 3.27% (210 million US dollar)was held by China
  • A share of 2.71% (174 million US dollar) was held by India
  • A share of 2.07% (132 million US dollar) was held by Zambia
  • A share of 1.77% (114 million US dollar) was held by Armenia
  • A share of 1.53% (98 million US dollar) was held by Mozambique
  • A share of 1.32% (85 million US dollar) was held by USA
  • A share of 1.24% (79 million US dollar) was held by Belgium

Botswana Import Data Sample

How Import Globals Botswana Export Data Can Grow Your Business

Import Globals Botswana's import data is its inclusion of importer and exporter company names. This information allows businesses to have a better understanding of who they are dealing with and helps establish trust between parties. It also provides an opportunity to identify potential partners for future collaborations or partnerships.

In addition, the Botswana Customs Data includes the destination country, origin country, ports, and delivery information. Having access to this level of detail can greatly benefit businesses as it allows them to plan their logistics more effectively. For instance, knowing which port a particular product will be imported through can help companies streamline their supply chain management process.

Moreover, having knowledge about the origin country and destination country can assist businesses in understanding market trends and consumer preferences. This information enables them to make strategic decisions on which products to import based on demand in specific regions or cities within Botswana.

Our comprehensive database includes detailed information on all imports into Botswana, including HS codes, product descriptions, values, quantities and more. With the help of this data, you can easily identify potential clients for your products in the global market and tailor your strategies accordingly.

The Harmonized System (HS) codes provided in our import data are essential for accurately classifying goods and determining applicable duties and taxes. This makes it easier for you to understand the cost implications of importing specific products into Botswana and develop pricing strategies that align with local market trends.

Moreover, our detailed product descriptions allow you to gain a better understanding of what types of goods are being imported into Botswana and at what volume. This knowledge enables you to identify gaps in the market and cater to unmet demand for certain products.

Another valuable aspect of our import data is the inclusion of values and quantities. This information gives you insights into the value chain of imported goods in Botswana, allowing you to make informed decisions about pricing your own products competitively.

In addition to helping you identify potential clients for your products globally, Import Globals' Botswana Import Data also allows you to analyze trends in imports over time. By tracking changes in quantities or values for specific products or industries, you can anticipate shifts in demand or supply and adjust your business strategies accordingly.

Import Globals Botswana Import Trade Data also provides insights into the latest trends in the market. By analyzing import data from different industries and product categories, businesses can identify emerging markets or popular products that are gaining traction among consumers. This information can be used to adjust marketing strategies or even develop new products that align with current consumer demands.

Another benefit of tracking competitors and market trends is that it helps businesses stay ahead of any changes or disruptions in the industry. By constantly monitoring import data, businesses can anticipate shifts in supply chain dynamics and make necessary adjustments to their sourcing strategies. For instance, if a competitor starts importing goods from a new country at lower prices, you can quickly adjust your own sourcing strategy to remain competitive.

In addition to tracking competitors and market trends, Import Globals Botswana Import Custom Data also provides valuable insights for conducting market research. The data not only includes imported products but also details about exporters such as country of origin and shipment date. This information can help businesses understand global trade patterns and identify potential suppliers or partners from other countries.

Furthermore, with access to historical data as well as real-time updates, businesses can analyze long-term import trends and make more accurate forecasts for future demand. This enables them to plan their inventory levels accordingly and avoid stock shortages or overstocking situations.

Utilizing Import Globals Botswana Import Trade Data offers numerous benefits for businesses, including the ability to track competitors, stay updated on market trends, conduct market research, and make informed decisions based on real-time data. By leveraging this tool, businesses can gain a competitive advantage and achieve success in the global trade market.

FIND OUT OTHER AFRICA COUNTRIES IMPORT EXPORT DATA

Uganda
Ethiopia
Kenya
Ivory Coast
Lesotho
Ghana

Ask for Botswana Import Sample Data and Demo

TOP