Zimbabwe's Trade Deficit Dramatically Improves in July, Dropping 94.5% to $8.7 Million: Zimstat
Zimbabwe's Trade Deficit Dramatically Improves in July, Dropping 94.5% to $8.7 Million: Zimstat
This positive shift was driven by a 21.3% surge in exports, reaching $877.5 million, the Zimbabwe National Statistics Agency (Zimstat) said in a statement.
Top exports by product:
🟠Semi-manufactured gold: 51% of total exports;
🟠Nickel mattes: 15.9%;
🟠Tobacco: 8.1%.
Top export destinations:
🟠United Arab Emirates (UAE): 51.6% (mainly due to gold exports);
🟠South Africa;
🟠China.
Imports rose slightly to $886.2 million, with key categories including:
🟠Mineral fuels;
🟠Machinery;
🟠Vehicles.
Main sources of imports:
🟠South Africa (35%);
🟠China;
🟠Bahrain;
🟠Bahamas.
Trade within Southern African Development Community:
🟠Major exports: nickel mattes;
🟠Major imports: machinery and mineral fuels.
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