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Zim exports to SA exceed imports

Oct 15 2012 14:26 Malcom Sharara, Fin24’s correspondent in Zimbabwe

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Harare - Zimbabwe is now exporting more to South Africa than it is importing, as shown by figures from Zimbabwe Statistical Office (ZimStats).

According to ZimStats, exports to South Africa for the eight months to August 31 2012 were worth US$2.165bn, while imports amounted to $1.865bn.

This means Zimbabwe has a trade surplus with SA of about $300m.

The figures show that August had the highest value of exports amounting to $353.4m, while April had the lowest amounting to $202.1m.

Zimbabwe made its highest import bill in July when it imported goods worth $263.5m. The lowest import bill amounting to $210.3m was in February.

Zimbabwe’s overall import bill amounts to $4.58bn, while its total export tally is $2.97bn. This leaves the country with an overall trade deficit of $1.61bn.

Zimbabwe’s overall exports were skewed towards minerals with industrial diamonds at $468.37m, nickel Matte amounting to $307.25m and nickel ores and concentrates of $210.77m.

Semi-manufactured gold stood at $409.04m, monetary gold at $54.098m, platinum unwrought at $101.196m and ferro-chrome at $97.533.

- Fin24

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Read more about: zimbabwe | imports | exports

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