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Saturday, July 13, 2024

Zim exports to Mozambique surge

Story by Owen Mandovha, Business Reporter

Trade promotion body, ZimTrade, continues to make inroads into Mozambique’s vast export market, with exports to the neighbouring country increasing at a phenomenal pace through various trade promotion engagements.

The latest statistics from the Zimbabwe National Statistics Agency (ZIMSTAT) indicate an impressive surge in export earnings to Mozambique by over 80% between January and April this year.

It is with this spirit that ZimTrade is currently promoting Zimbabwean products through yet another Outward Seller Mission in the neighbouring country’s Tete Province.

“We have identified Tete Province as a strategic market for our local companies to increase trade with Zimbabwe because a survey we did shows that our products are quite appealing here and local companies can take advantage to push their products here,” said ZimTrade’s director of operations, Mr Similo Nkala.

ZimTrade has roped in local companies who are seeking opportunities in that country.

“We have come here with Zimtrade to establish what we can sell to this market and I am very impressed by the abundance of opportunities here,” said an exhibitor.

Another said, “Our company is into the supply of packaging material based in Willowvale. We are looking to supply our range of products here in Tete.”

The Zimbabwean embassy in Beira is pleased with the trade opportunities in Mozambique.

“Zimbabwe and Mozambique have a rich political history in terms of relations but that should help to increase trade between the two countries in line with the country’s economic diplomacy thrust,” said Zimbabwe Embassy in Mozambique’s Consul General, Mr Malvern Bere.

Mozambique relies heavily on imports for processed foods, home electronics, toiletries and detergents.

The country’s FMCG sector is dominated by international brands from South Africa, Portugal, Brazil, and the United Arab Emirates.

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