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Lesotho Trade Summary

2023

Lesotho exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR LESOTHO 2023

Overall Exports and Imports for Lesotho 2023

Exports and imports of Lesotho in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 830 million.
  • The total value of imports (CIF) was 1,722 million.
  • At the HS6 digit level, 1,523 products were exported to 73 countries and 3,505 products were imported from 106 countries.

Lesotho top 5 Export and Import partners 2023

Top five countries to which Lesotho exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Lesotho exports to South Africa worth US$ 445 million, with a partner share of 53.62 percent.
  2. Lesotho exports to Belgium worth US$ 196 million, with a partner share of 23.60 percent.
  3. Lesotho exports to United States worth US$ 157 million, with a partner share of 18.88 percent.
  4. Lesotho exports to Eswatini worth US$ 7 million, with a partner share of 0.89 percent.
  5. Lesotho exports to Germany worth US$ 6 million, with a partner share of 0.69 percent.

Top five countries from which Lesotho imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Lesotho imports from South Africa worth US$ 1,369 million, with a partner share of 79.52 percent.
  2. Lesotho imports from China worth US$ 156 million, with a partner share of 9.07 percent.
  3. Lesotho imports from Other Asia, nes worth US$ 47 million, with a partner share of 2.74 percent.
  4. Lesotho imports from India worth US$ 17 million, with a partner share of 0.99 percent.
  5. Lesotho imports from Japan worth US$ 16 million, with a partner share of 0.92 percent.

Lesotho Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Lesotho along with trade value are:

  1. Lesotho exported Diamonds non-industrial unworked or simply sawn , worth 195,778.58 (US$ Thousands).
  2. Lesotho exported Mineral waters and aerated waters, unsweetened , worth 72,092.75 (US$ Thousands).
  3. Lesotho exported Men's or boys' trousers, breeches, etc, of cott , worth 51,516.94 (US$ Thousands).
  4. Lesotho exported Greasy wool (excl. shorn), not carded or combed , worth 38,644.36 (US$ Thousands).
  5. Lesotho exported T-shirts, singlets, etc, of other textiles, nes , worth 36,272.02 (US$ Thousands).

The top five imported HS 6 digit level products from world by Lesotho along with trade value are

  1. Lesotho imported Petroleum oils, etc, (excl. crude); preparation , worth 215,252.35 (US$ Thousands).
  2. Lesotho imported Electrical energy , worth 44,140.04 (US$ Thousands).
  3. Lesotho imported Maize (corn) flour , worth 38,942.46 (US$ Thousands).
  4. Lesotho imported Knitted or crocheted fabrics, =<30cm wide, non- , worth 23,372.91 (US$ Thousands).
  5. Lesotho imported Parts for use with the apparatus of heading no. , worth 21,639.74 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Lesotho in 2023 are below

  • The maximum rate of tariff in percentage on any product was 154.63 percent.
  • The simple average tariff across all products was 6.80 percent.
  • The trade weighted average tariff was 4.52 .
  • The total duty free imports in thousands of US dollars were 866,902.82 and duty free tariff line items share was 57.90 percent.

Development Indicators 2023

Key Development Indicators of Lesotho in 2023 are below

  • Lesotho GDP in current US dollar was 2,118 million.
  • GNI per capita, Atlas method (current US$) was 1,250.00 .
  • Lesotho Trade balance: as % of GDP was -55.67.
  • Trade balance in current US$ was -1,179.00 million.
  • Trade as percentage of GDP was 141.51 .
  • Trade in services as percentage of GDP was 20.35 .

Trade Indicators 2023

Trade Indicators for Lesotho in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.21.
  • Index of export market penetration was 1.59.
  • World Growth in percentage was -3.13 and Lesotho Country Growth was -1.26 .