1). Data shows that Masvingo province has the potential to export around US$386 million per year. semi-manufactured gold valued at US$149.1 million, signifying a decline from US$195.7 million in July 2022. The return of the Zimbabwean dollar in full in 2019 was met with a decline in GDP. This follows a sustained upward trend over the past year, that has seen the country exceeding the target of 10 percent export growth required under the National Export Strategy. +1.50 +0.42%. "President Emmerson Mnangagwa is once again going to make history by making Zimbabwe one of the first African countries to offer a pathway to citizenship through investment in . In 2020, Zimbabwe exported a total of $4.34B, making it the number 116 exporter in the world. Unmanufactured tobacco exports also increased from US$129.5 million to US$298.3 million in 2022. vi). File Photo. The company's mission is to develop sustainable export and local trade by providing innovative insurance solutions. Tobacco has. API users can feed a custom application. The agency also announced that during the same period, imports decreased by 10.7% to US$637.2 million from US$713.8 million in March 2022. The first box cut was done in January this year, witnessed by Russian Ambassador to Zimbabwe Mr. Nikolai Krasilnikov, Mines and Other imports in August 2022 included animal/vegetable fats and oils (3.5%), and. Zimbabwe's balance of payments remains favourable with a current surplus of US$387.1 million having been registered during the first half of 2022. Zimbabwe's exports continue to be on the rebound, with the country recording a steep 39 percent export growth between January-April this year, compared to the same period last year. This was a decrease in value in comparison to the preceding year, when. Zimbabwes exports continue to be on the rebound, with the country recording a steep 39 percent export growth between January-April this year, compared to the same period last year. It is envisaged that exports will grow to US$7 billion in 2023 and US$14 billion by 2030, as espoused in the National Export Strategy launched by President Mnangagwa. He said agricultural exports increased from US$303,2 million in the first half of 2021 to US$434,5 million in 2022, on account of higher tobacco export volumes and firmer prices. During the period of the Government of National Unity (2009 - 2013), Zimbabwe recorded the best growth rates in the sub-Saharan Africa region, with an all-time high of 12.9% in 2012. . Merchandise exports and imports increased by 33% and 15% to US$3 516.5 million and US$3 746.8 million, respectively, during the first half of 2022, compared to the same period in 2021. Exports of hides and skins also grew by 44.67 percent, from US$4.04 million between January-April last year to US$5.84 million during the same period this year. Current job openings: Download historical data for 20 million indicators using your browser. Next Taping into export potential for personal care, beauty products. Imports of raw materials, also grew by 53.8 percent from US$279 million last year, to US$429 million this year. Standard users can export data in a easy to use web interface or using an excel add-in. Collections and collectors pieces of zoological were major exports recording US$1.9 million down from US$2.8 million recorded in 2021. Although export values are still low for the packaging and stationery sector, it has recorded a huge jump in the period under review, with exports growing from US$2.4 million in April 2021 to US$5.7 million in 2022. These are the same sentiments shared by buyers in Dubai during the Zimbabwe-Dubai Business Forum held earlier this year, where potential was noted for products such as cordial drinks, biscuits, sauces and condiments, dairy products, cereals and granola, dried fruits and vegetables, sweets, herbs and spices, and natural oils. Please check your download folder. Exports to UAE grew by almost 98 percent, from US$359 million in 2021 to US$710 million in 2020, whilst new markets are emerging such as Jordan where Zimbabwe recorded first exports this year, amounting to US$11.5 million. In general, Zimbabwe's economy remains unstable because of extreme government interference and mismanagement. 362.50. nickel ores and concentrates (14.3%). This follows a sustained upward trend over the past year, that has seen the country exceeding the target of 10 percent export growth required under the National Export Strategy. James Rusike, Office Driver James Rusike is the driver in the IMF's local office. HARARE - According to data from the Zimbabwe National Statistics Agency (ZimStat), merchandise exports totalled US$587.3 million in April 2022, an increase of 5% from US$557.6 million in March 2022. Please check your download folder. Current estimates suggest that 2021 GDP will return to pre-Zimbabwean dollar levels (7.8% growth) with a growth of 5.5% projected for 2022. In terms of products under the sector, sugar exports increased from US$1.4 million to US$8.22 million whilst baked products exports increased from US$1.8 million to US$2.2 million. The statistic shows the value of goods exported from Zimbabwe from 2010 to 2020. 1). We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Real GDP growth is projected to slow to 3.4% in 2022 from 5.8% in 2021. Local manufacturers also need to unlock new markets with potential, such as Mozambique, Malawi, DRC, Namibia, and Angola. To increase exports of the processed foods into the region, the sector will take part at the Zimbabwe Outward Seller Mission to Manica Province of Mozambique, scheduled for 14-16 June this year. Of all UK exports to Zimbabwe in the four quarters to the end of Q2 2022, 37 million (37.4%) were goods and 62 million (62.6%) were services. Research expert covering historical data. Zimbabwe tobacco exports rebound in 2021 By David Ochieng Mbewa - January 19, 2022 Zimbabwe's tobacco industry continues to recover following a slump due to challenges arising from the coronavirus pandemic according to a report by the state-owned newspaper, The Herald. Mining, trade, and tourism took advantage of high commodity prices and the relaxation of COVID-19 restrictions, helping to drive growth. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Players in the sector looking to increase their exports are encouraged to utilize the Zimbabwe Packaging Portal (https://zimpackaging.co.zw/), which provides a competitive edge for the local manufacturers as they receive recognition from the international market and also an opportunity for supply to new consumers, either in the region or internationally. The horticulture sector exports decreased by 10 percent in April 2022 to US$13.1 million down from US$14.6 million same period the previous year. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. The value of imported cereals rose from 3.1% of the total value of imports in July 2022 to 5.0% in August 2022. For More News And Analysis About Zimbabwe Follow Africa-Press. Direct access to our data from your apps using any programing language. Processed foods dominated the exports, increasing by 35% from US$35,2 million in July 2021 to US$47,5 million in Jul 2022. In addition, building and construction exports increased from US$11.7 million in 2021 to US$12.5 million in 2022 during the period under review, translating to 7.2 percent increase. 3). Zimbabwe now, following investment into the industry, has the capacity to cut and polish slabs and tiles before export. Rice, which makes up the bulk of cereal imports constituted 2.3% of the total value of imports in August 2022, compared to 1.4% in July 2022. The coal was . Zesa is grappling to meet a growing demand for electricity fuelled by a mining economy which is targeting $12bn annual production by 2023. Figures show that total imports between January-April this year were largely machinery and equipment also grew by 11.4 percent from US$434 million last year to US$484 million. Get in touch with us now. June 13, 2022. Further to this, leather and leather products exports increased by 35.5 percent, from US$626 thousand last year to US$849 thousand under the review period this year. Africa-Press Zimbabwe. The report seen by Pindula News shows monthly exports and imports by broad economic categories such as food and beverages, industrial supplies, fuels and lubricants, capital goods, transport equipment, consumer goods and goods not elsewhere classified. Zimbabwe exports surge. We have a plan for your needs. It further shows the main exports and imports by Harmonized System codes of trade products, the destination of exports and the source country of imports. 7 kilogrammes of industrial diamonds valued at US$7.0 million in August 2022, while in July 2022, a total of 7 kilogrammes valued at US$ 6.1 million were exported. , Mar 8, 2022. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. October 2022 Data - 1993-2021 Historical - November Forecast, Zimbabwe Inflation Rate Eases for 2nd Month, Zimbabwe Monthly Inflation Rate at 7-Month Low of 16.55%, Dollar Steadies Ahead of Midterm Elections, Oil Steadies on Conflicting Supply, Demand Cues, Philippines Jobless Rate Lowest Since 2019, Philippines Manufacturing Growth Eases in September, Australian Shares Gain as Financials Lift, Australia Business Mood Falls to 10-Month Low. Zimbabwe Exports of other footwear to Uganda was US$3.18 Thousand during 2021, according to the United Nations COMTRADE database on international trade. In 2020, goods with a value of . Major imports constitute 92.6% of the total value of imports in August 2022. Consequently, the trade deficit for the period under review stood at US$487 million which is a decrease when compared to a deficit of US$699 million recorded during the same period in 2021. Others include: diamonds, platinum, ferrochrome, and gold. Zimbabwe's economy depends heavily on its mining and agriculture sectors. Statutory Instrument 127 of 2022, the Mines and Minerals (Prohibition Order . The coal was transported via the Mozambican port of Beira, Linos Masimura, chairman of the Zimbabwe Coal Producers Association, said in an interview. Through economic diplomacy, Zimbabwe continues to unlock non-traditional markets, with growing exports to markets such as United Arab Emirates (UAE), China, Belgium, Italy, and Jordan. (Source: ONS UK total trade: all countries, seasonally adjusted. Targeting increased products exports to regional markets such as Botswana, where Zimbabwean have been performing well over the past years will ensure quick wins. The mining sector which is the countrys largest foreign currency earner grew by 30.6 percent from US$1.29 billion in April 2021 to US$1.684 billion in April 2022. Previous Export potential in stone fruits. In support of this process, the African Wildlife Economy Institute (AWEI) in partnership with Oppenheimer Generations Research and Conservation (OGRC) is holding a series of Dialogues starting in May 2022 to explore opportunities for turning Zimbabwe's wildlife economy into a key sector for sustainable and inclusive economic growth. Increasing and improving value-addition of minerals will not only allow the country to realise full value from the mineral exports, but will also create jobs, and improve livelihoods of its people. The United States, United Kingdom, and European Union all renewed targeted sanctions against Zimbabwe for serious human rights abuses by security forces, corruption, and failure to ensure justice . Save my name, email, and website in this browser for the next time I comment. To achieve this figure, there is need to capacitate businesses, as well as consider diversification. Zimbabwe Country Report 2022. . Recent developments. State utility Zimbabwe Electricity Supply Authority (Zesa) has increased tariffs for exporters and introduced US dollar charges for all foreign currency-earning companies, to boost its forex purse. White label accounts can distribute our data. From the structure of the countrys imports, it is encouraging that the bulk of imports were raw materials and capital equipment being channelled into the local manufacturing sector to boost production. The Export Credit Guarantee Corporation Of Zimbabwe (ECGC) is a wholly-owned subsidiary of the Reserve Bank of Zimbabwe and is a duly registered short-term insurer. The Zimbabwe National Statistics Agency (ZIMSTAT) has announced that the value of total exports in April 2022 was US$587.3 million, signifying an increase of 5.3% from total export earnings of US$557.6 million in March 2022. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. This resurgence in growth is on the back of President Emmerson Mnangagwas re-engagement and economic diplomacy approach, that continues to yield positive results on the export front. Work on opening Zimbabwe's next giant platinum mine, Great Dyke Investments (GDI) in Darwendale is ahead of schedule, with the mine expected to increase Zimbabwe's exports of platinum and platinum group metals in 2022. platinum unwrought or in powder form (3.0%), coke and semi-coke of coal (2.6%). 188 Sam Nujoma Street Avondale Harare, Zimbabwe, 48 Josiah Tongogara Street Btwn 3rd and 4th Avenue Bulawayo, Zimbabwe, The Trade Portal Of Zimbabwe 2022. During the period under review, processed food exports increased by 41.3 percent from US$16.9 million in 2021 to US$23.98 million in 2022. Major exporters' products in the sector were sugar US$18 million,. 16 072 tonnes of nickel ores and concentrates valued at US$70.5 million, compared to 26,035 tonnes valued at US$169.6 million in July 2022. Arts and crafts exports decreased by 12.5 percent, that is from US$3.04 million in April 2021 to US$2.7 million in 2022. , Sep 14, 2022 In 2020, the export value of tobacco from Zimbabwe amounted to approximately 795 million U.S. dollars. SEPTEMBER 2022 Newsletter. Zimbabwe Exports to Botswana - 2022 Data 2023 Forecast 2000-2021 Historical Zimbabwe Exports to Botswana Zimbabwe Exports to Botswana was US$36.08 Million during 2021, according to the United Nations COMTRADE database on international trade. ZIMSTAT said the value of total exports in June 2022 was US$666.6 million, signifying an increase of 29.9% from total export earnings of US$513.1 million in May 2022. Generic 1st 'XW' Future. Cotton was the fastest grower among the top 10 export categories, up by 189% from 2020 to 2021. South Africa, Singapore, China, and India have over the years been Zimbabwes biggest trading partners with Zimbabwe importing more than its counterparts since its local industry is collapsed. Economic activity slowed in 2022, constrained by worsening agricultural conditions and price instability. According to latest figures released by Zimstat, the countrys exports between January-April this year stood at US$2.13 billion, representing a 39 percent increase compared to US$1.53 billion recorded same period in 2021. November 24, 2020 News. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Work on opening Zimbabwe's next giant platinum mine, Great Dyke Investments (GDI) in Darwendale is ahead of schedule, with the mine expected to increase Zimbabwe's exports of platinum and platinum group metals in 2022. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Ngoni Chrispen Chisi There demands may be genuine Bulawayo passport office is not issuing 2019 April Zimbabwe National Statistics Agency (ZimStat), Govt Scraps Performance-based Bonus For Civil Servants, Theft Of Motor Vehicles By Passengers On The Rise Police, Zambian Cattle Rustlers Terrorise Binga Villagers, Here Are The Four Zimbabweans Working On Satellite Programme, UEFA Champions League Last 16 Draw: Liverpool Faces Real Madrid, Thousonds protest over Zimbawes economic crisis, Zim doctors strike to continue until demands are met, Ramaphosas Security Destroy Part Of King Zwelithinis Palace Fence To Enable Him To Escape An Angry Mob, 2019 To Feb 2020 Passports Ready For Collection RGs Office. He joined the IMF in 2016 and worked for the government prior to that. Anglo American, Unilever, and Standard Chartered are some of the major UK firms in Zimbabwe. Following a contraction from 1998 to 2008, the economy recorded real growth of more than 10% per year in the period 2010-13, before falling below 3% in the period 2014-17, due to poor harvests, low diamond revenues, and decreased investment. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 2). Mineral fuels and mineral oil products accounted for 22.2% of the total value of imports in August 2022, compared to 19.4% in July 2022. b). Zimbabwe main export partners are: South Africa, China, Congo and Botswana. Over the past few years, President Mnangagwa has been clear on re-engagement agenda, that the country needs to embrace its relations with countries in Africa and beyond and turn them into economic gains. Data are in current U.S. dollars. Zimbabwe shipped its first coal to China, exporting 20,000 tons as part of a trial run to a customer in the cement industry. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Zimbabwes main exports are tobacco (23 percent of total exports) and nickel (20 percent). Zimbabwes major imports are mineral fuels, mineral oil products, vehicles, electrical machinery, plastics, cereals mostly rice, animal and vegetable oils and fats, pharmaceuticals, paper and paper products, and fertilizers. iii). During the same period in 2019 the sector exported US$2.4 million going down to US$1.9 million in 2020, clearly showing the negative effects of covid 19 pandemic on cold-chain supply as most of the Asian markets gazette stringent requirements for exports to that market. President Emmerson Mnangagwa. During the Zimbabwe Outward Seller Mission to Lubumbashi, organized by ZimTrade recently, participating companies were told of the huge potential of local products in the market. Targeted export capacity development and promotion programmes for the sector by ZimTrade are expected to improve exports as the year progress. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Beatrice Banda, Administrative Assistant Beatrice Banda is the . As the country rallies towards achieving upper-middle income status by 2030, backed by a strong export-oriented economy, the 2021 performance figures released recently by ZimStat show huge strides towards achieving national targets. Other top import products were fuels and electricity, and vehicles and motorcycle and parts. Newsletter-September-2022 Download. 74.0 million total UK exports to Zimbabwe for the four quarters to the end of Q1 2022. Exports of manufactured or valued added products increased by 32.24 percent from US$85.8 million in April 2021 to US$113.5 million in April 2022. Followed by machinery and mechanical appliances at 12.7% in August 2022. c). 16 072 tonnes of nickel ores and concentrates valued at US$70.5 million, compared to 26,035 tonnes valued at US$169.6 million in July 2022. 2021 exports reveal huge potential for Zimbabwe. ZimTrade facilitated for sector players to participate at the Asia-Pacific Leather Fair, which ended on 2 April in Dubai, United Arab Emirates, where they engaged with potential buyers from across the world who were impressed by the quality of products that were on offer. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); You have entered an incorrect email address! ZimTrade has so far facilitated for sector players to take part in two global exhibitions, the Fruit Logistica that took place in Germany, and MacFrut Fair in Italy and participating exporters engaged buyers who indicated willingness to source from Zimbabwe, with a key focus on organic produce. Harare, Zimbabwe | Xinhua | Friendly investors will be granted Zimbabwean citizenship as part of the government's efforts to lure investment, a cabinet minister has said.
North Star Fund Grantees, Generalized Linear Model Cheat Sheet, Disadvantages Of Corrosion Inhibitors, Greenworks 40v 17 Inch Cordless Push Lawn Mower, Can Rattlesnakes Bite Through Rubber Boots, Ponte Vecchio Restaurant Menu, Drought Stress In Plants: Causes, Consequences, And Tolerance, Ruby Tempfile Extension, Mobil 1 15w40 Synthetic, Unfi Coin Tradingview, Postgresql Primary Key Index,