Story by Josephine Mugiyo, Diplomatic Correspondent
ZIMBABWE’S export earnings have climbed to US$10 billion, reflecting the impact of government efforts to expand trade, strengthen economic cooperation and unlock new export markets.
The growth marks a significant increase from export receipts of less than US$5 billion in 2017, with the country now intensifying its focus on heritage-based exports as part of broader diversification efforts.
The upward trajectory comes as Zimbabwe continues to deepen trade relations with African countries and international partners under a strategy aimed at boosting exports, investment inflows and economic growth.
Speaking during the recent visit by Equatorial Guinea President, His Excellency Teodoro Obiang Nguema Mbasogo, President Dr Emmerson Mnangagwa reaffirmed Zimbabwe’s commitment to strengthening economic partnerships and attracting investment.
“Current international economic relations demand that African countries and the Global South strengthen cooperation and synergies to achieve equitable development, industrialisation, and the transformation of livelihoods for our people.
“Zimbabwe is open for business and ready to play its part as a safe and secure investment destination. I therefore invite business stakeholders to enhance business-to-business linkages for improved trade partnerships and mutual investment.”
According to ZIMTRADE Chief Executive Officer, Mr Allan Majuru the country’s export performance has recorded substantial growth over the past eight years.
“In 2017, our exports were around US$3.7 billion. Fast forward to 2025, and it is now US$10 billion in exports.”
Mr Majuru said broader foreign currency inflows, including investment and remittances, have also increased significantly during the same period.
Attention is now shifting towards heritage-based exports, which are viewed as a strategic area of competitive advantage for Zimbabwe on the global market.
“We are now focusing on heritage-based exports because it is indigenous to us; we don’t compete with anyone. If we want to export, for example, baobab oil, it opens up opportunities for the future.”
He added that products such as baobab and mapfura oils offer significant potential to expand Zimbabwe’s export basket and create new economic opportunities.
Zimbabwe’s export sector continues to be anchored by minerals and agricultural produce, with ongoing diversification efforts expected to strengthen the country’s competitiveness and increase foreign currency earnings.
