Zimbabwe exported goods worth US$540 million in January and imported goods worth US$692.7 million during the same period.
This left a trade deficit of US$152.4 million, which was 43 percent narrower than December’s gap of US$266.3 million.
Zimbabwe’s key exports remain commodities:• Tobacco (24.5%) • Gold (24.2%) • Nickel ores and concentrates (11.9%) nickel mattes (10.2%) [PGMs]
The country’s biggest imports were: Fuel (19%) • Machinery (11.8%) • Cereals, which include private maize imports by millers (8.4%) • Cars (8.3%).
In recent years, Zimbabwe has run systemic trade deficits due to decline in exports.
Zimbabwe is a net importer of fuel and capital goods. Main export is tobacco (23 percent of total exports). Others include nickel (20 percent), diamonds and platinum.
Zimbabwe’s main trading partners are South Africa and China.
Zwnews
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More