Processed Fruits and Nuts Exports to US Surge by 56.9%

MBABANE – Eswatini’s exports to the United States have witnessed a significant surge, with processed fruits and nuts leading the growth trajectory, according to data from the Observatory of Economic Complexity (OEC).

The year-by-year imports from Eswatini to the United States have shown a notable increase, largely attributed to a remarkable 56.9% rise in processed fruits and nuts imports. This uptick underscores the growing demand for Eswatini’s agricultural produce in international markets.

In January 2024, the top imports from Eswatini to the United States included processed fruits and nuts amounting to E1.95 million, followed by liquid pumps at E1.39 million, and various commodities. Conversely, the leading exports from the United States to Eswatini comprised acyclic alcohols, Kraft Paper, and ball bearings, among others.

Over the past 22 years, the exports from the United States to Eswatini have increased at an annualized rate of 0.058%, highlighting sustained economic engagement between the two nations. In contrast, the Kingdom of Eswatini’s exports to the United States amounted to E263.9 million in 2022.

While the data reflects positive growth in trade relations between the two countries, concerns persist over the broader economic implications of debt accumulation. Analysts emphasize the importance of sustainable economic strategies to ensure long-term prosperity.

In response to the evolving trade landscape, Minister of Commerce, Industry, and Trade Manqoba Khumalo urged exporters to leverage opportunities under the African Growth and Opportunity Act (AGOA). This initiative aims to promote trade and economic development between Eswatini and the United States, fostering mutual benefits for both nations.

As Eswatini navigates the complexities of international trade, strategic partnerships and prudent economic policies remain essential to drive inclusive growth and sustainable development.