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Friday, July 19, 2024

Gold and tobacco drive Zim monthly exports

Story by Stanley James, Business Editor

THE country’s export drive is paying off after Zimbabwe earned over US$680 million in November last year, driven by gold and tobacco.

The Zimbabwe National Statistics Agency (ZIMSTAT) notes that the export earnings are for November last year.

Among the country’s top 10 export commodities were tobacco, semi-manufactured gold, and some mineral substances.

For the trading period under review, China was the top export destination.

South Africa was second, followed by the United Arab Emirates.

Other key export destinations include Belgium, Mozambique, Zambia, the Republic of Korea, India, and Hungary, among others.

Mineral fluids, machinery, raw materials, medicines, and cereal dominated imports.

South Africa is, however, leading in terms of import markets followed by China, among other trading partners.

Treasury is expecting export growth to further boost foreign exchange inflows and sustain the country’s external requirements.

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