Swaziland Export Data

Swaziland Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Swaziland primarily trades with South Africa, the United States, and European Union countries, reflecting its regional and global trade ties.

• Top 5 Imports: Motor vehicles, machinery, electrical equipment, textiles, and chemical products make up a significant portion of its imports, accounting for over 30% of total imports.

• Top 5 Exports: Sugar, wood pulp, citrus, textiles, and footwear are among the leading exports, collectively representing around 40% of its total exports.

• Trade Balance: Swaziland faces a trade deficit, importing more than it exports, which can affect its economic stability and foreign exchange reserves.

• Trade Policies: The country adheres to the Southern African Customs Union (SACU) and benefits from preferential access to the US market under the African Growth and Opportunity Act (AGOA).

Domestic Market

• Consumer Spending: Despite modest income levels, consumer spending remains a vital part of the economy, with a focus on essential goods and services.

• Interest Rates & Inflation: The country experiences moderate inflation, influenced by regional economic factors. Interest rates are set by the central bank to control inflation and stimulate economic growth.

• Supply Chain Dynamics: Swaziland's supply chain is susceptible to disruptions due to regional instability and global trade issues, affecting the availability of imported goods.

• Industry Performance: The manufacturing and agricultural sectors are key drivers of the economy, with growing potential in tourism and services. However, they face challenges such as infrastructure and market access.

Overall Outlook

Swaziland's economy, while facing challenges such as a trade deficit and inflation, is supported by its diverse export base and access to international markets. Strengthening trade policies and improving domestic market conditions are crucial for sustainable growth.