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Lesotho import Statistics

Lesotho Import Data

The kingdom of Lesotho is another name for Lesotho. It is a landlocked nation with South Africa encircling it. Southern Africa is home to Lesotho. The land area of this nation is around 30,000 km^2. Lesotho's economy depends entirely on basic industries including mining, manufacturing, agriculture, and cattle rearing. Lesotho is a landlocked country located in southern Africa, known for its mountainous terrain and rich culture. Despite being a small nation, Lesotho plays a crucial role in international trade as an importer of various goods.

According to Lesotho import data, the country's merchandise imports in 2023 totaled $1.8 billion. Lesotho saw an 8% decline in merchandise imports in comparison to the previous year. In terms of overall imports among all nations, Lesotho ranked 165th out of 226 countries, according to Lesotho import data obtained from Lesotho trade data. Mineral fuels and oils are Lesotho’s biggest imports, while South Africa is its biggest import partner. The total GDP of Lesotho is $6 billion, and a GDP import share of 98.52%. Lesotho is a part of major trading blocs such as SACUM, SACU, and WTO. We will now delve into the world of Lesotho import data, specifically focusing on the import trends in 2023.

Lesotho Import Data | Lesotho Customs Data | Lesotho Trade Data

165

The country has been ranked 165th in global imports, showing a significant position in the international trade landscape and import market.

0.01%

With a mere 0.01% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

SOUTH AFRICA

South Africa holds a significant role as the largest import partner of the country in terms of goods imports and import share.

MINERAL FUELS AND OILS

Mineral fuels and oils are the biggest import commodities of the country, playing a vital role in its economy.

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import

Top 10 Imports of Lesotho

As we analyze Lesotho's import data for the year 2023, one noticeable trend is the increase in overall imports compared to previous years. The country has witnessed a significant surge in the import of various goods, reflecting a growing demand for foreign products. Lesotho's top 10 imports in 2023 according to its import data are:

  • Mineral fuels and oils (HS code 27): 16.84% ($292.22 million) 
  • Nuclear reactors and machinery (HS code 84): 8.83% ($153.16 million)
  • Vehicles (HS code 87): 6.81% ($118.10 million) 
  • Electrical machinery and equipment (HS code 85): 5.88% ($102.09 million) 
  • Products of the milling industry (HS code 11): 3.82% ($66.30 million) 
  • Knitted or crocheted fabrics (HS code 60): 3.69% ($64.05 million)
  • Cotton (HS code 52): 3.09% ($53.63 million) 
  • Cereals (HS code 10): 3.09% ($53.52 million) 
  • Plastics and articles thereof (HS code 39): 2.44% ($42.24 million) 
  • Articles of iron and steel (HS code 73): 2.43% ($42.15 million)
    • Partners

    Top 10 Import Partners of Lesotho

    By understanding the import trends, stakeholders can make informed decisions, identify business opportunities, and contribute to the economic growth of Lesotho. South Africa emerged as the biggest import partner of Lesotho in 2023. The top 10 import partners of Lesotho in 2023 include:

    Value In Percentage(%)

  • South Africa: 79.6% (1.38 billion US$)
  • China: 9.1% (157.21 million US$)
  • Taiwan: 2.7% (47.34 million US$)
  • India: 1% (17.05 million US$)
  • Japan: 0.9% (15.87 million US$)
  • Zambia: 0.7% (12.03 million US$)
  • Vietnam: 0.6% (10.47 million US$)
  • Hong Kong: 0.5% (8.90 million US$)
  • USA: 0.5% (8.60 million US$)
  • Zambia: 0.4% (7.25 million US$)
    • Sample Data

    Understanding Lesotho Import Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Lesotho import data refers to the information available regarding the goods and commodities imported into the country. This data provides valuable insights into the country's trade dynamics, allowing businesses and policymakers to make informed decisions. By analyzing Lesotho import data, one can identify the trends, patterns, and preferences in terms of imported products. According to Lesotho customs data, Lesotho imported a total of $1.8 billion in 2023. The information we give you about Lesotho trade data and import data is quite helpful and educational. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. We obtain trustworthy data from organizations, other shipping firms, and customs ports in Lesotho. Lesotho custom trade data contains a wide range of fields, such as HS codes, product descriptions, quantity and price, port names, and currency values. So, as you can see, we obtain trustworthy data from organizations, shipping businesses, and customs ports. The trade data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, importers/exporters names and addresses, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Benefits

    Benefits of Lesotho’s Import Data

  • Expand your business into the Lesotho import Market.
  • View Lesotho's most recent product demand and price projections.
  • Track and Examine the Shipment History of Your Rivals.
  • Give your marketing plan an approach based on data.
  • Create a powerful brand identity in Lesotho.
  • Create more ROI and long-term business goals.
  • You’ll receive the name and address of the importer/exporter in our reports.

    • Frequently Asked Questions!!

    Lesotho import data refers to the information and statistics on the goods and services that are brought into the country from other countries.

    Lesotho import data is important for tracking the country's international trade, analyzing its economy, and making informed decisions on trade policies and strategies.

    Lesotho import data is collected by the Lesotho Revenue Authority (LRA), which is responsible for monitoring and regulating the country's imports and exports.

    The major imports of Lesotho include mineral fuels and oils, machinery, and vehicles.

    Lesotho's top import partners include South Africa, China, India, Taiwan, and the United States.

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