Lesotho
Compare Lesotho →LS · LSO · BACI 426 · latest data 2024
Exports
= $1,065 M6.5% over 5 yrs (down)
Imports
= $1,876 M9.0% over 5 yrs (up)
Trade balancedeficit
= −$811 M
Total trade
= $2,942 M2.8% over 5 yrs (up)
- World position
- #156 of 225 exporters · bottom half · #164 of 225 importers · bottom half · 2024
Trade timeline
Lesotho's exports grew from $176M in 2000 to $1.1B in 2024; the 2024 balance was −$811M.
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| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 2000 | $176 M | $342 M | −$167 M | $518 M |
| 2001 | $442 M | $561 M | −$119 M | $1,003 M |
| 2002 | $577 M | $713 M | −$136 M | $1,289 M |
| 2003 | $844 M | $1,092 M | −$247 M | $1,936 M |
| 2004 | $1,020 M | $1,062 M | −$42 M | $2,082 M |
| 2005 | $627 M | $825 M | −$197 M | $1,452 M |
| 2006 | $726 M | $1,000 M | −$274 M | $1,726 M |
| 2007 | $969 M | $1,083 M | −$114 M | $2,052 M |
| 2008 | $900 M | $1,007 M | −$107 M | $1,908 M |
| 2009 | $779 M | $1,095 M | −$316 M | $1,875 M |
| 2010 | $800 M | $1,299 M | −$499 M | $2,099 M |
| 2011 | $1,134 M | $1,458 M | −$323 M | $2,592 M |
| 2012 | $981 M | $1,595 M | −$614 M | $2,576 M |
| 2013 | $911 M | $1,740 M | −$828 M | $2,651 M |
| 2014 | $1,423 M | $1,602 M | −$179 M | $3,025 M |
| 2015 | $1,140 M | $1,485 M | −$345 M | $2,625 M |
| 2016 | $950 M | $1,457 M | −$508 M | $2,407 M |
| 2017 | $1,205 M | $1,506 M | −$301 M | $2,711 M |
| 2018 | $1,013 M | $1,574 M | −$561 M | $2,587 M |
| 2019 | $1,140 M | $1,721 M | −$581 M | $2,861 M |
| 2020 | $968 M | $1,317 M | −$350 M | $2,285 M |
| 2021 | $1,092 M | $1,690 M | −$598 M | $2,782 M |
| 2022 | $1,176 M | $1,867 M | −$691 M | $3,043 M |
| 2023 | $1,140 M | $1,720 M | −$581 M | $2,860 M |
| 2024 | $1,065 M | $1,876 M | −$811 M | $2,942 M |
Trading partners
South Africa was Lesotho's top trading partner in 2024, at 63.0% of total trade; the top five partners covered 91.8%.
- Top partner share
- 63.0%
- Top-5 share
- 91.8%
- Partners
- 130
- Partner HHI (0–1)
- 0.422
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| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | South Africa | $394 M | $1,460 M | $1,854 M | −$1,066 M |
| #2 | Belgium | $275 M | $3 M | $278 M | $272 M |
| #3 | United States | $256 M | $9 M | $265 M | $248 M |
| #4 | China | $29 M | $200 M | $230 M | −$171 M |
| #5 | India | $46 M | $28 M | $74 M | $18 M |
| #6 | Other Asia, nes | $1 M | $61 M | $62 M | −$60 M |
| #7 | Japan | $0 M | $20 M | $20 M | −$20 M |
| #8 | Germany | $9 M | $7 M | $16 M | $2 M |
| #9 | Botswana | $3 M | $9 M | $12 M | −$6 M |
| #10 | Mozambique | $1 M | $11 M | $11 M | −$10 M |
| #11 | Zambia | $0 M | $10 M | $10 M | −$10 M |
| #12 | Eswatini | $7 M | $3 M | $10 M | $3 M |
| #13 | Canada | $10 M | $0 M | $10 M | $9 M |
| #14 | Hong Kong | $0 M | $9 M | $9 M | −$9 M |
| #15 | United Kingdom | $4 M | $3 M | $8 M | $1 M |
Products & sectors
Product composition of Lesotho's trade in 2024.
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Concentration & risk
Lesotho's export partners diversified over 2000–2024 — HHI 0.651 → 0.264, a concentrated export base across 111 partners in 2024.
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| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 2000 | 0.651 | 0.584 | 50 | 47 |
| 2001 | 0.427 | 0.697 | 58 | 64 |
| 2002 | 0.488 | 0.480 | 56 | 67 |
| 2003 | 0.754 | 0.492 | 49 | 63 |
| 2004 | 0.401 | 0.357 | 60 | 67 |
| 2005 | 0.441 | 0.523 | 64 | 55 |
| 2006 | 0.470 | 0.496 | 71 | 66 |
| 2007 | 0.302 | 0.532 | 63 | 66 |
| 2008 | 0.341 | 0.443 | 88 | 60 |
| 2009 | 0.319 | 0.487 | 77 | 60 |
| 2010 | 0.304 | 0.502 | 88 | 80 |
| 2011 | 0.291 | 0.723 | 109 | 68 |
| 2012 | 0.287 | 0.672 | 104 | 75 |
| 2013 | 0.283 | 0.480 | 95 | 83 |
| 2014 | 0.357 | 0.545 | 101 | 81 |
| 2015 | 0.307 | 0.565 | 92 | 84 |
| 2016 | 0.280 | 0.546 | 109 | 95 |
| 2017 | 0.239 | 0.751 | 112 | 62 |
| 2018 | 0.286 | 0.551 | 116 | 105 |
| 2019 | 0.213 | 0.525 | 116 | 108 |
| 2020 | 0.259 | 0.502 | 116 | 104 |
| 2021 | 0.251 | 0.559 | 120 | 121 |
| 2022 | 0.247 | 0.584 | 110 | 102 |
| 2023 | 0.215 | 0.615 | 105 | 104 |
| 2024 | 0.264 | 0.619 | 111 | 99 |
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