Lesotho Export Data

Lesotho's Import/Export Overview & Domestic Market Analysis for 2023

Imports & Exports

• Top Trade Partners: Lesotho primarily trades with South Africa, the United States, China, and the European Union, reflecting its regional and global trade dynamics.

• Top Imports: Textiles and machinery represent the bulk of imports, with textiles alone making up 27% of total imports, followed by machinery at 15%.

• Top Exports: Textile products are the leading export, accounting for 57% of total exports, with diamonds contributing 14% to the export basket, showcasing Lesotho's economic specialization.

• Trade Balance: Lesotho maintains a trade deficit, importing more goods than it exports, primarily due to the need for capital goods and basic commodities.

• Trade Policies: Lesotho adheres to the Southern African Customs Union (SACU) and the Southern African Development Community (SADC) protocols, aiming to enhance regional trade and integration.

Domestic Market

• Consumer Spending: Consumer spending in Lesotho is moderate but growing, influenced by remittances from workers abroad and increasing urbanization.

• Interest Rates & Inflation: Inflation rates in Lesotho have been manageable, hovering around 5.5%, supported by stable monetary policies, although recent global events have introduced some volatility.

• Supply Chain: The supply chain in Lesotho is improving, with investments in infrastructure and logistics, although it remains susceptible to disruptions from regional instability and global supply shocks.

• Industry Performance: The textile industry is thriving, with significant foreign investment, while agriculture and mining sectors are undergoing modernization to boost productivity and exports.

Overall Outlook

Lesotho's economy is on a trajectory of growth, supported by its vibrant textile sector and the potential for increased mining activities. The government's commitment to improving infrastructure and fostering a business-friendly environment is expected to enhance its global trade position and domestic market resilience.