Story by Stanley James, Business Editor
Zimbabwe’s exports increased by over 29 percent in November to US$900 million, driven by tobacco and gold.
The country is on course to achieve an over US$7 billion export earnings target on the back of continued growth in receipts since January.
A latest official trade data report seen by the ZBC News on Sunday indicates that despite fluctuating global commodity prices and climate change shocks, gold and tobacco continue to earn the nation more foreign currency.
The trend resulted in a drop in trade deficit, reflecting a favourable balance of payment position in November.
Among the top 10 products exported in November were gold, horticultural products, tobacco, platinum, nickel, chrome and many others.
Riding on the expansion of industry and commerce operations, fuel continues to dominate imports, followed by machinery, equipment, raw materials and vehicles.
Most of Zimbabwe’s goods are being bought by the United Arab Emirates, while other export markets include South Africa, China, Mozambique, Belgium, Zambia, the United States and Netherlands.
South Africa is however the major import source for Zimbabwe followed by China, Bahamas, Singapore, Mozambique, Zambia and the United Kingdom.
A 2025 National budget statement reveals that exports are the main source of foreign currency inflows in Zimbabwe, followed by the diaspora remittances and foreign direct investments.
