Zimbabwe imports food & beverages worth $64 million in October

Figures released by the Zimbabwe Statistical Agency (ZimStat) show that Zimbabwe imported food and beverages worth $64m, down 2% from the previous month, mainly for household and industry consumption.

Cumulatively to October, the country imported food and beverages worth $514 million with the country importing maize worth $36m, up 22% from the month of September. It also imported wheat and non-alcoholic beverages worth $5m and $2,2m respectively. However, in the period under review, the country’s trade deficit narrowed to $151m, as exports increased by 27% from September to $318m.

Exports grew 27% in October compared to the previous month, while imports rose by 6% to $470m. Some of the exports include beef, tobacco and other agricultural produce as well as wines, minerals and scrap metal. South Africa was the biggest source market for imports, with $210m worth of products followed by Singapore with $81m.