Despite the wide production ranges of the industrial sectors the country has been heavily dependent on its international imports for the fulfillment of the domestic necessities acquired by the population and industries residing in the land area. Being surrounded by the southern portion of Africa, the strategic location for transport with the same have made South Africa a leading import trade partner of Lesotho in 2023 with a share of around 80% of the total annual import revenue.
Although the trade management authorities of the nation have signed various trade agreements to facilitate the transportation of acquired commodities, the country is still facing severe challenges because of its location which is mostly surrounded by mountains in different directions. The detailed analysis of the Lesotho Customs Data shows that the import trade value of 2023 stands at a staggering rate of 1.7 billion US dollars which is an approximate growth of 6.7% CAGR from the previous year’s annual import revenue.
According to the Lesotho Import Data, to fulfill the domestic requirements of the population residing in the nation the products that the country imports from its top trade partners are discussed below
• Mineral Fuels (HS Code: 27) – import trade value of Mineral Fuels in 2023- 400 million US dollars.
• Machinery and Mechanical Appliances (HS Code: 84) – import trade value of Machinery and Mechanical Appliances in 2023- 300 million US dollars.
• Vehicles (HS Code: 87) – import trade value of Vehicles in 2023- 250 million US dollars.
• Electrical Machinery and Equipment (HS Code:85) – import trade value of Electrical Machinery and Equipment in 2023- 200 million US dollars.
• Electronic Equipment (HS Code: 85) – import trade value of Electronic Equipment in 2023- 150 million US dollars.
• Pharmaceuticals (HS Code:30) – import trade value of Pharmaceuticals in 2023- 87 million US dollars.
• Plastics and Articles (HS Code:39) – import trade value of Plastics and Articles in 2023- 76 million US dollars.
• Iron and Steel (HS Code: 72) – import trade value of Iron and Steel in 2023- 65 million US dollars.
• Furniture (HS Code:94) – import trade value of Furniture in 2023- 54 million US dollars.
• Articles of Apparel & Accessories (HS Code:61) – import trade value of Articles of Apparel & Accessories in 2023- 45 million US dollars.
The continuous efforts from the trade management authorities of Lesotho have built a stable political relationship with the leading trade destinations worldwide. According to the Lesotho Customs Data, the top ten import trade partners of the nation in 2023 are,
• South Africa – According to the South Africa Export Data, the valuation of Lesotho imports in 2023- 500 million US dollars.
VARIATIONS OF IMPORT
1. Machinery and Equipment
2. Petroleum Products
3. Food and Beverages
4. Vehicles and Automotive Parts
5. Chemicals and Pharmaceuticals
• China – According to the China Export Data, the valuation of Lesotho imports in 2023- 400 million US dollars.
VARIATIONS OF IMPORT
1. Electronics and Electrical Equipment
2. Textiles and Clothing
3. Construction Materials
4. Chemicals and Pharmaceuticals
5. Furniture and Household Items
• United States – According to the USA Export Data, the valuation of Lesotho imports in 2023- 300 million US dollars.
VARIATIONS OF IMPORT
1. Machinery and Equipment
2. Pharmaceuticals and Medical Supplies
3. Vehicles and Automotive Parts
4. Chemicals and Fertilizers
5. Food and Beverages
• India – According to the India Export Data, the valuation of Lesotho imports in 2023- 200 million US dollars.
VARIATIONS OF IMPORT
1. Textiles and Apparel
2. Pharmaceuticals and Chemicals
3. Machinery and Equipment
4. Food and Beverages
5. Automotive Parts and Components
• Germany – According to the Germany Export Data, the valuation of Lesotho imports in 2023-150 million US dollars.
VARIATIONS OF IMPORT
1. Machinery and Industrial Equipment
2. Automotive Vehicles and Parts
3. Pharmaceuticals and Medical Equipment
4. Chemicals and Chemical Products
5. Electrical Equipment and Electronics
• United Kingdom – According to the United Kingdom Export Data, the valuation of Lesotho imports in 2023- 100 million US dollars.
VARIATIONS OF IMPORT
1. Pharmaceuticals and Medical Supplies
2. Machinery and Equipment
3. Chemicals and Chemical Products
4. Vehicles and Automotive Parts
5. Food and Beverages
• Japan – According to the Japan Export Data, the valuation of Lesotho imports in 2023- 80 million US dollars.
VARIATIONS OF IMPORT
1. Vehicles and Automotive Parts
2. Machinery and Industrial Equipment
3. Electrical Equipment and Electronics
4. Pharmaceuticals and Medical Devices
5. Optical and Precision Instruments
• Saudi Arabia – According to the Saudi Arabia Export Data, the valuation of Lesotho imports in 2023- 65 million US dollars.
VARIATIONS OF IMPORT
1. Petroleum and Petroleum Products
2. Chemicals and Fertilizers
3. Building Materials and Construction Equipment
4. Electrical Equipment and Machinery
5. Food and Beverages
• Italy – According to the Italy Export Data, the valuation of Lesotho imports in 2023- 40 million US dollars.
VARIATIONS OF IMPORT
1. Machinery and Industrial Equipment
2. Vehicles and Automotive Parts
3. Pharmaceuticals and Medical Devices
4. Food and Beverages
5. Textiles and Clothing
• United Arab Emirates – According to the United Arab Emirates Export Data, the valuation of Lesotho imports in 2023- 30 million US dollars.
VARIATIONS OF IMPORT
1. Petroleum and Petroleum Products
2. Machinery and Equipment
3. Electronics and Electrical Appliances
4. Building Materials
5. Gold and Precious Metals
Que. Who is the top import trade partner of Lesotho in 2023?
Ans. South Africa is the top import trade partner of Lesotho in 2023.
Que. What is the annual import trade revenue of Lesotho in 2023?
Ans. The annual import trade revenue of Lesotho in 2023 is 1.7 billion US dollars.
Que. What is the top imported product of Lesotho in 2023?
Ans. Mineral fuels are the top imported product of Lesotho in 2023.
Que. Where can you get the detained trade analysis of Lesotho imports in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Lesotho imports in 2023.