Zim monthly exports jump up 11.9% in September

Zim Now Writer

Zimbabwe continues to make strides on the international market, with exports that bringing foreign currency to the Southern African country increasing by 11.9 percent.

Results released by ZimStat it shows that the total value for exports grew and while imports also increased, the trade deficit was reduced.

“The total value of exports increased by 11.9% from US$493 .6 million in August to US$552.3 million in September,” said ZimStat Director-General Taguma Mahonde in the November 2022 Monthly Statistics Highlights released yesterday.

According to the report semi processed gold continues to top the chart of exports at 34.3 percent while on the other hand, fuel is still on top of the country’s imports at 16.7 percent.

The country’s imports rose by 0.7 percent from US$759.0 million to US$764.4 million.

“The trade deficit for September was US$212 million compared to US$265.4 million in August 2022,” Mahonde continued in the November highlights.