Audrey Galawu
ASSISTANT EDITOR
Zimbabwe’s exports have increased by 37% to US$1.18 billion between January and February this year compared to US$864 million in the same period last year.
Imports rose by 12% to US$1.41 billion during the same period.
According to the Zimbabwe National Statistics Agency, trade deficit reduced to US$234 million from US$392 million in 2023.
The reduction in trade deficit is attributed to the increased exports.
South Africa, the UAE, China and Mozambique were the country’s major export destinations although exports to South Africa decreased by 6.6% while exports to the UAE increased by 17%.
The UAE has become a significant trading partner for Zimbabwe with main exports including tobacco, fruits and precious stones.
Exports to China surged by 202% to US$264 million while exports to Mozambique grew by 123.7% and to Zambia by 60.4%.
Exports to Indonesia and Vietnam also saw significant growth.
Export volumes to Vietnam increased from US$3.5 million in 2023 to US$18.5 million this year, while exports to Indonesia increased US$21.7 million for the period under review from US$7 million last year.
Processed food exports increased by over 270% from US$8.6 million to US$32.1 million.
Minerals and alloys exports grew by 6% as they continue to dominate the country’s exports recording a US$739 million from US$695 million.
Sugar exports rose to US$22.3 million from US$6.6 million.
Manufactured tobacco exports increased by 34%, while unmanufactured tobacco exports increased by 204%.
Agricultural inputs and implements exports increased by 50%.
Livestock and animal products exports increased by 164%.
Pharmaceuticals exports surged by 155% from US$585 000 last year to US$1.5 million this year.
Exports of building materials dropped by 10%.
Exports of household furniture and electrical appliances fell.
Exports of chemicals declined by 70%.
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