Processed fruits, nuts exports to US up 56.9%
MBABANE – The United States’ year-by-year imports from Eswatini has shown an increase, which was explained primarily by an increase in product imports in processed fruits and nuts which grew by 56.9 per cent.
7his is according to the Observatory of Economic &omple[ity OE& website which is an online data visualisation and distribution platform focused on the geography and dynamics of economic activities.
,n -anuary 2024 the top imports of 8nited 6tates from Eswatini were processed fruits and nuts E1 951700.65 86 103 000 liTuid pumps E1 387 033.86 86 73 200 commodities not elsewhere specified E322 323.40 86 17 000 bells and other metal ornaments E265 442.80 86 14 000 and machinery having individual functions E252 170.66 86 13 300 .
Alcohols
7he top e[ports of 8nited 6tates to Eswatini were acyclic alcohols worth E17 584 996.80 86 928 000 .raft 3aper worth E 17 413 901.25 86 919 000 ball bearings E 2 539 090.96 86 134 000 de[trins E 2444 348.76 86 129 000 and other commodities not elsewhere specified E2 198 234.80 86 116 000 .
Overall in -anuary 2024 the .ingdom of Eswatini imported goods worth 86 2.16 million E40 934 160 and e[ported items worth 86 734 000 E13 902 363.70 . 7his resulted in a positive trade balance of 86 1.42 million E26 891 605 .
,n terms of growth the decrease in 8nited 6tates¶s year-by-year e[ports to Eswatini was e[plained primarily by an decrease in product e[ports in chemical analysis instruments -84.8 per cent scented mi[tures -58.8 per cent and Aircraft 3arts -96.5 per cent .
,t is worth noting that in 2022 8nited 6tates e[ported E1 308 331 076 to Eswatini. 7he main products that 8nited 6tates e[ported to Eswatini were gas turbines Nraft paper and sculptures.
Increase
'uring the last 22 years the e[ports of 8nited 6tates to Eswatini have increased at an annualised rate of 0.058 per cent from E1 290 867 120 in 2000 to E1 308 331 076 in 2022.
,n the same year 2022 Eswatini e[ported E263 868 426 to 8nited 6tates. 7he main products that Eswatini e[ported to 8nited 6tates were raw sugar E86 717 806.50 processed fruits and nuts E67 742 356.50 and Nnit 7-shirts
According to the trade and investments factsheet provided by the 8. 'epartment for %usiness and 7rade published on 0arch 21 2024 8. imports of goods from Eswatini decreased by 92.3 per cent in current prices over the same period.
,t was reported that the total trade in goods and services e[ports plus imports between the 8. and Eswatini was E191 591 812.72 8 million by the end of the third Tuarter of 2023 October ± 'ecember 2023 . 7his reflected a decrease of 72.4 per cent or
TOP 5 EXPORTS AND IMPORTS BETWEEN THE USA TO ESWATINI IN JAN 2024
,032576 )520 86
Acyclic Alcohols worth
Kraft Paper
E28 273 420.50. 'uring the last 22 years the e[ports of Eswatini to 8nited 6tates have decreased at an annualised rate of 8.68 per cent from E1 954 713 400 in 2000 to E263 791 420 in 2022.
&omparison ,n 2022 8nited 6tates ranNed 10 in the Economic &omple[ity ,nde[ E&, 1.41 and 2 in total e[ports valued at 86 1.95 trillion. 7hat same year Eswatini ranNed 143 in total e[ports E38 917 815 000. 0eanwhile the 8nited .ingdom 8. e[ports of goods to Eswatini decreased by 50.0 per cent in 12 months to -anuary 2024 in current prices compared to the same period the previous year.
Imports
9$/8(
E17 584 996.80
E 17 413 901.25
7otal 8. imports from Eswatini amounted to E95 784 404.96 4 million in the four Tuarters to the end of 43 2023 a decrease of 80.0 per cent or E383 125 997.12 16 million in current prices compared to the four Tuarters to the end of 43 2022 .
Eswatini was the 8.¶s Moint 210th largest trading partner in the four Tuarters to the end of 43 2023 accounting for less than 0.1 per cent of total 8. trade.
7his means the 8. reported a total trade balance of less than E23 921 320 1 million with Eswatini compared to a trade deficit of E262 954 309.53 11 million in the four Tuarters to the end of 43 2022. ,n the four Tuarters to the end of 43 2023 the 8. had a trade in goods deficit of E71 725 593.78 3 million with Eswatini compared to a trade in goods deficit of 15 million in the four Tuarters to the end of 43 2022. (;32576 72 86
Processed fruits and nuts
Liquid pumps
E502 847 100 21 million in current prices from the four Tuarters to the end of 43 2022. Of this E191 591 812.72 8 million
7otal 8. e[ports to Eswatini amounted to E95 784 404.96 4 million in the four Tuarters to the end of 43 2023 a decrease of 55.6 per cent or E119 732 200 5 million in current prices compared to the four Tuarters to the end of 43 2022
Prices
9$/8(
E1 951700.65
E1 387 033.86