Zimbabwe registers $1 billion trade deficit in 5 months

According to the latest data from the Zimbabwe National Statistics Agency (Zimstat), Zimbabwe’s trade deficit stood at $1.01 billion in the first five months of the year compared to $1.12 billion over the same period last year.

Statistics show that Zimbabwe lost more importing than it made in exports. The data shows that imports stood at $2.14 billion while exports amounted to $1.13 billion. Major exports included semi-processed gold worth $320 million, flue cured tobacco worth $229 million, ferrochrome worth $148 million, nickel ore and concentrates for $143 million, diamonds $34 million and nickel matters $20 million. Imports included diesel ($318 million), unleaded petrol ($161 million), electrical energy ($76 million), durum wheat ($46 million), among others.

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