This analysis uses exports to Zimbabwe's ten major trading partners: United States, Germany, South Africa, United Kingdom, Japan, France, Italy, Netherlands, Canada and Switzerland for the period 1984:Q1-2004:Q4. and four major lithium projects are currently under development. Discusses key economics indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Zimbabwe exports for 2018 was $5.08B, a 46.99% increase from 2017. These sessions range from one to two-day seminars that focus on the basics of exporting to coverage of more advanced, industry specific topics. The second exported is Tobacco, which accounts for 3.69%. This page provides - Zimbabwe Imports - actual values, historical data, forecast, chart, statistics . Zimbabwe, self-sufficient in food production and a major exporter of wheat, tobacco, and corn to the 14-member Southern African Development Community, to other African countries and the wider world before 2000, saw its exports plummet. The EAR is available on the BIS website and on the e-CFR (Electronic Code of Federal Regulations) and is updated as needed. Mineral fuels, oils, distillation products. Zimbabwe - Export Controls. The ports authority of Zimbabwe provides safe and efficient transportation system that ensures safe trading in the ports and improved the economic prosperity of . In line with the Bank's financial institutions strategy, this new facility to NMB will . The economy of Zimbabwe grew at an average of 12% from 2009 to 2013, rendering it one of the fastest growing economies in . Growth in exports has lagged behind growth in imports. Zimbabwe Import Data of 2021 suggests that Zimbabwe's imports were around 5.24 Billion US Dollars. What is Zimbabwes largest single import? As a result, the government has registered an average monthly primary surplus of $100 million since September 2018. Land reform caused a collapse in Zimbabwe's tobacco crop, its main agricultural export. It also has some gold, cotton, and chrome. U.S. goods exports to Zimbabwe in 2019 were $40 million, up 18.4% ($6 million) from 2018 but down 53.2% from 2009. In 2019 Zimbabwe imported $4.83B, making it the number 138 trade destination in the world. Zimbabwe has the second biggest informal economy as a share of its economy, which has a score of 60.6%. Spread This News ZIMBABWE has recorded an increase of $5 million from its horticulture exports to the European Union over a period of one year, freshplaza.com an online portal has reported . Zimbabwe's main exports include gold, platinum, chrome, tobacco, and cotton. Secure .gov websites use HTTPS The major export markets for Zimbabwe tobacco have been China, South Africa, Indonesia, Belgium and the United Arab Emirates in 2020 (Tobacco Industry and . The second lists top trade partners of Zimbabwe regarding import total (buying). Top Origin (2019) South Africa $1.97B. Contact Supplier Blakeney Farm. Among all the top products exported from Zimbabwe, Nickle contribute to 5.52% of total trade value, equal to US$323,939 thousand. Growth in exports has lagged behind growth in imports. Zimbabwe exported about 17 443 tonnes of raw sugar to . The Bureau of Industry and Security (BIS) is responsible for regulating, implementing, and enforcing dual-use export controls. So, UAE which had 36,4 per cent in . by Daniel Workman. Agriculture is the backbone of Zimbabwe's economy as Zimbabweans remain largely a rural people who derive their livelihood from agriculture and other related rural economic activities. By Alois Vinga. In 2019, total mining export receipts according to . The primary source of the rest of the data, with the exception of the black market External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Export Controls. Zimbabwe has a gross domestic product (GDP) of around US$20 billion mainly dominated by agriculture, mining and services. In 2019, the most important export partner of Zimbabwe was the United Arab Emirates, with a . Imports in Zimbabwe averaged 711.27 USD Million from 1993 until 2022, reaching an all time high of 6207.50 USD Million in December of 2009 and a record low of 224.70 USD Million in April of 2020. The ports authority of Zimbabwe runs the seaports, which is operated by the Government of Zimbabwe. Zimbabwe Export Data Get Verified Zimbabwe Export Customs Shipment Data. Zimbabwe is currently our 174th largest goods trading partner with $87 million in total (two way) goods trade during 2019. "Sadc is the natural market for Zimbabwean exports where 93 percent of Zimbabwe's exports were sold, three percent went to COMESA and four percent to the rest of the world," said CTC. A .gov website belongs to an official government organization in the United States. Overall, Mashonaland West has the potential to earn more than US$400 million in exports annually from value-added products. The sector is an important contributor to the country's export activities, with . The country suffers from a binding foreign exchange constraint that forced the central bank to introduce an interbank market for foreign exchange in February 2019. However, in 2017 and 2018, the government introduces measures that restricted imports resulting in a decline in the current account deficit. Zimbabwe Exports and Imports of Product Groups 2019. $203.71M. Exports structure from Zimbabwe in 2020 represented by the following main commodity groups: 30% (1.34 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin; 22% (985 million US$): 75 - Nickel and articles thereof; 18% (794 million US$): 24 - Tobacco and manufactured tobacco . What does South Africa export to Zimbabwe? These can be the E.U.R 1/EPA certificate for exports to the E.U, the COMESA Certificate of Origin, the SADC Certificate of origin. The main destination of Gold exports from Zimbabwe are: United Arab Emirates ($1.3B), South Africa ($412M), Hong Kong ($9.88M), and Israel ($228k). A lock ( The Consolidated Screening List (CSL) is a list of parties for which the United States Government maintains restrictions on certain exports, reexports or transfers of items. Although the 2009 adoption of the multicurrency monetary regime, under which the U.S. dollar dominated business transactions, brought stability and restored business confidence, the introduction of the surrogate currency known as bond notes in 2016 reintroduced uncertainties within the economy. Zimbabwes desire to re-engage the international community by paying off arrears to the preferred creditors failed. $198.53M. Zimbabwe Capital goods exports are worth US$ 32 million, product share of 0.73%. According to the statistics of CIA FactBook, Zimbabwe exported US$5,867 million worth of goods around the world in 2018. The Republic of Zimbabwe imported US$7.6 billion worth of goods from international suppliers in 2021. The agency said during the month under review, Zimbabwe exported 2 963 kilogrammes of semi manufactured gold valued at US$176,9 million compared to 2 200kg valued at US$135,5 million in March 2022 . BIS works closely with U.S. embassies, foreign governments, industry, and trade associations to ensure that exports from the United States are secure and items subject to the EAR comply with the regulations. Zimbabwe Major Exports. Carved on their faces are visible marks of sorrow as they . The Eastern and Southern African Trade and Development (TDB) has extended a 3-year USD 10 million trade finance line of credit to support NMB Bank's corporate clients in export-focused sectors of the economy. Goods exports totaled $40 million; goods imports totaled $47 million. Following a contraction from 1998 to 2008, the economy recorded real growth of more than 10% per year in the period 2010-13, before falling below 3% in the period 2014-17, due to poor harvests, low diamond revenues, and decreased investment. Zimbabwe was ranked 116th on the list of world's top exporters. Zimbabwe's main exports during May 2021 were nickel mattes, ores and concentrates (38.6%), semi-manufactured gold (16.1%) and these minerals constituted a total of (54.7%) in total export earnings. Contact information for BISs overseas ECOs can be found at: https://www.bis.doc.gov/index.php/enforcement/oea/eco. Zimbabwe exports for 2017 was $3.46B, a 15.64% decline from 2016. The Zimbabwe Stock Exchange deals in both government securities and the securities of privately owned companies. So even price of production increases, it will be difficult for producers to raise the price without losing a lot of consumers. Agricultural activities provide employment and income for 60-70 percent of the population, supplies 60 percent of the raw materials required by the industrial . For example, Mashonaland West has potential in agriculture and horticulture, processed foods, arts and crafts, clothing and textiles, furniture and packaging. What agricultural products does Zimbabwe export? Imports in Zimbabwe decreased to 729.60 USD Million in July from 753.10 USD Million in June of 2022. Why does Zimbabwe trade with other countries? The landlocked country of Zimbabwe lies to the south of the equator and is part of the African continent. Tobacco is Zimbabwe's main export crop, recording $898,8 million in sales in 2018, down from $913,8 million in 2017, according to data from the Tobacco Industry and Marketing Board. The main product imports of Zimbabwe are Mineral Fuels, Oils, Medicines, Vehicles, and Machinery. Highlands. Top Import (2019) Refined Petroleum $1.35B. According to the statistics of CIA FactBook, Zimbabwe exported US$5,867 million worth of goods around the world in 2018. BIS officials rely on EUCs to safeguard items subject to the EAR from diversion to unauthorized end uses/users and destinations. The country also exports animals and birds, beef and dairy products, wildlife and poultry . Zimbabwe main import partners are South Africa and China. What are Zimbabwe's top 5 major exports? Download Historical Data. Zimbabwe - Imports - million US$ South Africa Zambia China India Botswana United Kingdom Kuwait Mozambique Malawi United States 2004 2008 2012 -500 0 500 1,000 1,500 2,000 2,500 3,000 Source: Merchandise trade matrix, imports and exports of total all products, annual, 1995-2013 Tobacco is the #1 export in Zimbabwe. The most recent exports are led by Gold ($2.14B), Raw Tobacco ($329M), Nickel Ore ($252M), Diamonds ($245M), and Ferroalloys ($232M). What is Zimbabwe's largest single import? . In terms of GDP, Zimbabwe is the 115th largest economy in the world. The industrial sector is one of the most valuable sectors in the nation after contributing about 25.1% of the total gross domestic product (GDP) of $16.29 . All materials are posted on the site strictly for informational and educational purposes! International Trade Administration
Goods exports totaled $40 million; goods imports totaled $47 million. Zambias main export, copper accounts for 70 percent of Africas production and 60 percent of countrys total exports. Recent developments. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. APDF readeris available from Adobe Systems Incorporated. But while tobacco is making some people rich, the farmers sucked into contract farming at the bottom of the pile are losing money. Agriculture and mining largely contribute to exports. Such a high percentage reveals Zimbabwe's highly . Economic activity slowed in 2022, constrained by worsening agricultural conditions and price instability. For example, Zimbabwe's Exports rank is higher than 42.25% of the countries in the dataset. USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. Zimbabwe / Zimbabwe. South Africa is Zimbabwes number one trading partner, accounting for 71% of all exports and 38% of imports, in 2015. In 2010 though, it dropped to 2%. Zimbabwe Major Exports Zambias main export partner is Switzerland (45 percent of total exports). $138.89M. The economy of Zimbabwe. Zimbabwe Export Data of 2021 suggests that Zimbabwe's exports were around 5.68 Billion US Dollars. South Africas bilateral trade with Zimbabwe (2007 2016). In 2020, Zimbabwe exported a total of $4.34B, making it the number 116 exporter in the world. For example, the U.S. Department of States Directorate of Defense Trade Controls has authority over the defense articles and services that are not subject to the EAR. Zimbabwes economy is well diversified and the country is a reliable and competitive supplier of a wide range of minerals; agricultural products; manufactured goods; as well as value-added services. Zimbabwe Raw materials exports are worth US$ 1,883 million, product share of 43.99%. Exports on the other hand are quite diversified ranging from machinery; mineral fuels; vehicles; plastic products; electrical equipment among others; the bulk of which are value added products. Assistance is available from BIS by calling one of the following numbers: You may also e-mail your inquiry to the Export Counseling Division of the Office of Exporter Services at ECDOEXS@bis.doc.gov. Market Value: 5,867 (millions) Last Updated: June, 2019, Wood, Continuously Shaped (Tongued or Grooved, Transformers, Converters & Power Supplies, Iron & Steel Bars & Rods Irregular Coils, Non-Adhesive Plastic Plates, Sheets & Film, Electric Sound & Visual Signaling Apparatus, Articles of Goldsmith & Silversmith Wares, Parts For Fork Lifts, Bulldozers & Graders, Cel Phones, Video Recorders & Radio Transcievers, Electric Generating Sets & Rotary Converters, Oscilloscopes & Electrical Measuring Instruments, Instruments For Physical or Chemical Analysis, Woven Fabrics of Artificial Staple Fibers, Knives & Blades For Machines & Appliances, Reaction Initiators & Catalytic Preparations, Machine Tools For Honing & Finishing Metal, Woven Fabric -Over 85% Synthetic > 170G/M2, Automatic Regulating & Control Instruments, Unsaturated Acyclic & Cyclic Monocarbox Acid, Instruments With Electric Sound Productions, Gaskets & Similar Joints of Metal Sheeting, Woven Fabric -Under 85% Synthetic > 170G/M2, Textile Hosepiping & Similar Textile Tubing, Vegetable Materials For Stuffing & Padding, Salts of Oxometallic & Peroxometallic Acids. China is also a major source of investment for Zimbabwe. The government of Zimbabwe estimates the economy grew by four percent in 2018 and projects real economic growth to decline to 3.1 percent in 2019 primarily due to the impact of unfavorable weather on agriculture. Year over year, the value of Zimbabwean imports accelerated by 34.3% compared to $4.96 billion for 2020. About 99% of the tobacco crop is exported, the balance being processed locally. As per . Zimbabwe's economy depends heavily on its mining and agriculture sectors. An EUC is an on-site verification of a non-U.S. party to a transaction to determine whether the party is a reliable recipient of items subject to the EAR. U.S. Department of Commerce
Washington, DC 20230. HS Code Import USD$ (27) Oil & Mineral Fuels: $1,465,641,689 (84) Industrial Machinery The other main exports are sugar and cotton and in years of surplus maize is exported. That dollar total reflects a 52.7% expansion from $5.64 billion in imports during 2017. Zimbabwe's economy is heavily reliant on imports, including refined petroleum, corn, electricity, and package goods such as medication. If exports increase at a faster pace as compared to imports, nothing can stop an economy from being a developed one. ATTENTION TO RIGHT HOLDERS! What are Zimbabwe's top 5 major exports? . Zimbabwe Imports from China. Tobacco is the largest export crop (23 percent of merchandise exports in 1997) and Zimbabwe is among the world's biggest exporters. Exports FDI, net inflows GDP Growth Rate GDP Per . Although Zimbabwe improved its rank in the World Banks Doing Business survey for 2018 to 155 out of 190, it still ranks poorly in global comparisons of economic competitiveness. 9.67% . These goods are relatively elastic, which means a variation in price has a major impact on demand for that product. Export Administration (EA) is responsible for processing license applications, counseling exporters, and drafting and publishing changes to the EAR; and Export Enforcement (EE) is responsible for compliance monitoring and enforcement of the EAR. 2012. Major exports include gold, tobacco, metal alloys, cotton, and sugar. Mar 30, 2022. EUCs are conducted as part of BISs licensing process, as well as its compliance program, to determine if items were exported in accordance with a valid BIS authorization or otherwise consistent with the EAR. The first table below shows top trading partners of Zimbabwe in terms of export sales (selling), including South Africa, Netherlands, and Botswana. If BIS is unable to verify the reliability of the company or is prevented from accomplishing an EUC, the company may receive, for example, more regulatory scrutiny during license application reviews or be designated on BISs Unverified List or Entity List, as applicable. Fishing is one of the major employers in Zimbabwe as it employed more than 4,700 people in 2004 according to data from the Zimbabwean labor department. In 2019 Zimbabwe imported $4.83B, making it the number 138 trade destination in the world. Year. Apart from tobacco the other major agricultural exports include sugar, tea, coffee, cotton, fruit and vegetables, fresh cut flowers, seeds, maize, small grains and oilseeds. IMPORTANT NOTE: Exporters must know the trading policies governing trade between Zimbabwe and the target market and more importantly, you must know the Rules of Origin (ROO) criteria. The 5 main exports represent over four-fifths (82.6%) of all Zimbabwean exports by value. Zimbabwe has yet to accept the Protocol amending the TRIPS Agreement to provide additional flexibilities to grant special compulsory licences for exports of medicines. 2020. The U.S. goods trade deficit with Zimbabwe was $7 million in 2019. This statistic shows the most important export partner countries for Zimbabwe in 2019. In 2016, imports accounted for more . The principal . Zimbabwes rate of inflation rose sharply from 0.53 percent in December 2017 to 42.1 by December 2018 thanks to high government borrowing for much of 2018, resulting in high growth in money supply, as well as the pass-through effect of the black-market currency depreciation. Although Zimbabwe is a landlocked country, the country has vast quantities of fish resources which are vital to the country's economy. The economy of Zimbabwe mainly relies on its tertiary industry, which makes up to 60% of the total GDP as of 2017. Horticulture is growing rapidly and Zimbabwe is now the world's third-largest exporter of roses. Foreign Safeguard Activity Involving U.S. Exports, Zimbabwe - Using an Agent to Sell US Products and Services, Zimbabwe - Distribution and Sales Channels, Zimbabwe - Selling Factors and Techniques, Zimbabwe - Trade Promotion and Advertising, Zimbabwe - Sales Service/Customer Support, Zimbabwe - Protecting Intellectual Property, Zimbabwe - Principle Business Associations, Zimbabwe - Limitations on Selling US Products and Services, Zimbabwe - Biotechnology Research and Development Laboratories or Services in Agriculture, Zimbabwe - Import Requirements and Documentation, Zimbabwe - Prohibited and Restricted Imports, Zimbabwe - Licensing Requirements for Professional Services, Zimbabwe - US Banks and Local Correspondent Banks. Economy - overview: Zimbabwe's economy depends heavily on its mining and agriculture sectors. Top Origin (2019) South Africa $1.97B. Includes the U.S. government export controls that companies need to abide by when exporting to this country. International Trade. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. Following a contraction from 1998 to 2008, the economy recorded real growth of more than 10% per year in the period 2010-13, before falling below 3% in the period 2014-17, due to poor harvests, low diamond revenues, and decreased investment.
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