Clothing, Diamond, Road vehicles, Wool, Water
BUSINESS OPPORTUNITIES IN LESOTHO
While Lesotho’s economy is heavily driven by sectors like agriculture and mining, the top exports are garments, diamonds and water. However, exports of Lesotho decreased to LSL 3,420.90 million in Q3 of 2019 from LSL 3,917.10 million in Q2 of 2019. On the other hand, Lesotho’s imports increased from LSL 6,505.50 million in Q2 of 2019 to LSL 6,655.40 million in Q3 of 2019.
Clothing and Diamonds form a major part of the exports of Lesotho with clothing forming 40% of total exports and diamonds being 22% of the total exports. The main export partners are the United States (35%) and South Africa (30%).
Top imports of Lesotho are food, fuel, machinery and building materials. Hence, items like mineral fuels, oils and distillation products formed 18% (USD 367.01 million) of total imports of the country, followed by iron and steel articles at 13% ($262.57 million). Also, Lesotho’s main import partners are South Korea, Taiwan, China, Hong Kong, the United States and South Africa.