Africa Data Economy Export Import Trade Zimbabwe

Zimbabwe records trade deficit of US$42.6M

Zimbabwe recorded a trade deficit of US$42.6M in September 2020, the Zimbabwe National Statistics Agency (Zimstat) said on Monday.

According to the statistics agency, the country exported goods worth US$398.8M during the month, less than the value of its imports which stood at US$441.4M.

The imports were up by nine percent compared to August, while exports increased by 2.4 percent from US$389.3M the previous month.

Also read: Zimbabwe projects inflation slowdown

“While a positive trade balance was maintained for the four months in a row at the end of 2019, the trade balance has been negative from February to September 2020,” Zimstat said.

Minerals and tobacco are among Zimbabwe’s top major exports, while raw materials and equipment, electricity and fuel rank high among imports.

Source: CGTN Africa

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: