Country intelligence · SWZ · 2024

Eswatini trade profile

In 2024, Eswatini recorded $2.5B in merchandise exports and $2.1B in imports, producing a $425.8M trade surplus. Exports changed +0.8% from the previous year, while imports changed +7.6%.[1]

Exports

$2.5B

+0.8%

Imports

$2.1B

+7.6%

Trade balance

$425.8M

surplus

Active partners

270

17 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$2.5B$2.1B$425.8M+0.8%
2023$2.5B$1.9B$553.7M+16.4%
2022$2.1B$2.1B$34.8M-11.1%
2021$2.4B$1.9B$466.2M+27.8%
2020$1.9B$1.5B$350.4M-19.6%
2019$2.3B$1.8B$534.6M+13.3%
2018$2.1B$1.8B$236.1M+3.4%
2017$2.0B$1.6B$415.7M+9.6%
2016$1.8B$1.5B$315.5M-6.4%
2015$1.9B$1.5B$406.5M-18.9%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 33 · HS chapter

29 active HS6 lines · 78 export partners

$678.8M
2

HS 17 · HS chapter

17 active HS6 lines · 68 export partners

$487.6M
3

HS 38 · HS chapter

87 active HS6 lines · 66 export partners

$301.1M
4

HS 27 · Mineral fuels and oils

39 active HS6 lines · 26 export partners

$228.8M
5

HS 62 · HS chapter

112 active HS6 lines · 57 export partners

$163.1M
6

HS 44 · HS chapter

96 active HS6 lines · 27 export partners

$153.2M
7

HS 61 · HS chapter

106 active HS6 lines · 53 export partners

$58.5M
8

HS 84 · Machinery

515 active HS6 lines · 111 export partners

$44.5M

Leading export markets

Destinations rank bilateral export flows from Eswatini; growth describes each corridor rather than the whole economy.

1

South Africa

Annual change +13.1% · 3-year CAGR 4.1%

$1.6B
2

DR Congo

Annual change -42.9% · 3-year CAGR 239.7%

$163.5M
3

Kenya

Annual change +22.8% · 3-year CAGR -3.6%

$104.0M
4

Nigeria

Annual change +6.4% · 3-year CAGR -0.7%

$79.7M
5

Mozambique

Annual change -5.9% · 3-year CAGR 4.2%

$66.1M
6

Zimbabwe

Annual change +16.7% · 3-year CAGR 12.8%

$49.2M
7

Tanzania

Annual change +18.1% · 3-year CAGR 2.8%

$41.6M
8

Uganda

Annual change +16.1% · 3-year CAGR 23.9%

$36.8M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.