Zimbabwe Records A Decrease In Amount Of Imports Compared To Exports (Trade Deficit)

The Zimbabwe National Statistics Agency (ZIMSTAT) has said there was a decrease of 10.98% in the trade deficit from US$212.1 million in June 2022 to US$179.9 million in July 2022. In its latest report seen by Pindula News, the agency also noted that South Africa and China led the list of Zimbabwe’s suppliers during the period under review. Reads in part the report:

Trends in External Trade

Data for July 2022 shows that Zimbabwe’s main exports were semi-manufactured gold (35.6%), nickel ores and concentrates including a platinum group of minerals (PGMs) (30.8%), ferrochromium (7.4%), tobacco (7.1%), platinum unwrought or in powder form (3.3%), other mineral substances (2.2%), coke and semicoke of coal (1.9%) and industrial diamonds (1.1%).

During the month of July 2022, the country exported semi-manufactured gold valued at US$195.7 million, signifying an increase from US$152.2 million in June 2022.

In the same month of July 2022, the country exported 26,034 tonnes of nickel ores and concentrates valued at US$169.6 million, compared to 15,143.9 tonnes valued at US$106.4 million in June 2022.

Besides the major minerals usually exported, Zimbabwe also exported 7 kilogrammes of industrial diamonds valued at US$6.1million in July 2022, while in June 2022, 3 kilogrammes of industrial diamonds raked in US$2.1 million in export earnings.

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Value of Imports by Country of Origin in USD: January to July 2022

Country	January USD Value	%	February USD Value	%	March USD Value	%	April USD Value	%	May USD Value	%	June USD Value	%	July USD Value	%
Argentina	5 738 540	0.9	2 602 244	0.4	4 020 456	0.6	1 178 171	0.2	4 885 177	0.7	23 651 674	3.1	11 570 462	1.6
Belarus	1 204	0.0	1 146	0.0	0	–	1 194 915	0.2	2 341 489	0.3	9 326 485	1.2	7 074 486	1.0
Botswana	2 573 004	0.4	2713 448	0.4	3 738 659	0.5	2 337 612	0.4	3 069 772	0.4	3 145 603	0.4	4 337 487	0.6
China	100 537 013	15.9	78 575 720	12.5	82 571 272	11.5	86 740 551	13.6	86 841 440	12.1	83 630 025	11.1	128 391 593	17.6
Egypt	4 180 393	0.7	1 988 602	0.3	2 767 310	0.4	4 890 528	0.8	2 411 938	0.3	3270171	0.4	3 039 895	0.4
Eswatini (Swaziland)	4 577 410	0.7	3 342 986	0.5	2 575 319	0.4	1 275 739	0.2	3 184 498	0.4	1 549 632	0.2	3 459 735	0.5
Hong Kong	24 597 072	3.9	7388429	1.2	6 109 707	0.9	5 931 ( 030	0.9	12 007 012	1.7	6 394 104	0.8	9 655 697	1.3
India	16 217 583	2.6	12 209 181	1.9	16 607 261	2.3	15 5 191 944	2.4	22 089 027	3.1	13 510 666	1.8	32 749 105	4.5
Japan	4 604 472	0.7	4 339 923	0.7	5 392 311	0.8	4 986 535	0.8	5 576 433	0.8	5 508 137	0.7	5 981 585	0.8
Malawi	1 178 181	0.2	1 391 973	0.2	2 490 409	0.3	2255 045	0.4	4 580 243	0.6	1 393 778	0.2	4 312 853	0.6
Mauritius	23 063 063	3.6	15 275 969	2.4	78 029 501	10.9	16 722 716	2.6	21 928 477	3.1	18 670 297	2.5	6 704 791	0.9
Mozambique	28 329 836	4.5	20 141 050	3.2	21 209 193	3.0	17 950 019	2.8	26 473 313	3.7	40 021 730	5.3	21 525 661	3.0
Namibia	1 195 655	0.2	1 734 175	0.3	1 958 426	0.3	2 565 440	0.4	2 323 865	0.3	1 782 845	0.2	3 602 790	0.5
Pakistan	2 098 804	0.3	4 839 527	0.8	2 799 569	0.4	3 962 081	0.6	5 890 647	0.8	4 090 833	0.5	3 984 218	0.5
Singapore	67 856 335	10.7	86 271 549	13.7	89 750 986	12.5	104 408 518	16.3	98 453 587	13.7	110 517 804	14.7	101 342 271	13.9
South Africa	246 969 001	39.0	290 061 428	46.0	299 974 050	41.9	279 132 827	43.7	306 181 465	42.7	326 640 760	43.4	286 700 671	39.3
United Arab Emirates	20 646 515	3.3	20 402 661	3.2	15 476 101	2.2	8 891 739	1.4	11 404 131	1.6	13 812 379	1.8	14 557 087	2.0
United Kingdom	10 559 708	1.7	8 328 128	1.3	8 403 195	1.2	7 523 811	1.2	7 926 600	1.1	6 254 895	0.8	8 828 169	1.2
United States	2 662 037	0.4	2 571 785	0.4	2 892 242	0.4	4 513 129	0.7	3 948 543	0.6	3 123 666	0.4	8 797 532	1.2
Zambia	12 960 886	2.0	13 681 735	2.2	14 433 686	2.0	16 519 562	2.6	18 729 313	2.6	19 094 900	2.5	23 091 089	3.2
Sub Total	580 546 711	91.7	577 861 660	91.7	661 199 652	92.4	588 171 911	92.1	650 246 972	90.7	695 390 386	92.3	689 707 178	94.5
Other Countries	52 851 794	8.3	52 287 118	8.3	54 274 697	7.6	50 485 029	7.9	66 509 302	9.3	57 696 584	7.7	39 925 206	5.5
Grand Total	633 398 505	100.0	630 148 778	100.0	715 474 349	100.0	638 656 941	100.0	716 756 274	100.0	753 086 970	100.0	729 632 384	100.0

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