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Zimbabwe Exports Reach US$6 Billion Surpassing NDS1 Target

Zimbabwe Exports Reach US$6 Billion Surpassing NDS1 Target

Data released by the government’s statistical agency, Zimstart, shows that exports from Zimbabwe earned the country US$6.03 billion in the year 2021.

This is higher than the target set in the National Development Strategy (NDS) 1 economic blueprint. The trend is attributed to numerous export promotion facilities.

The Southern African nation has targeted to attain an upper-middle-income status by 2030 leveraging on the projected export-oriented economy as enunciated in blueprints like the NDS1.

Trade promotion agency, Zimtrade said the development is a good signal. The agency said:

Exports between January-December 2021 stood at US$6.03 billion, which is a 37.3 % increase compared to US$4.39 billion recorded in the same period in 2020.The US$6 billion-dollar mark, breached by local exports, is the highest ever recorded figure.

The lobby group attributed the jump in exports to the re-engagement drive undertaken by President Mnangagwa’s administration since 2018. 

During the period, the value of imports also went up by 33.3%  to US$7.57 billion from US$5.68 billion in 2020, pushing the trade deficit up to US$1.54 billion during the period under review, from US$1.29 billion recorded during the same period in 2020.

Zimtrade said the bulk of imports were raw materials and capital equipment being channelled into the local manufacturing sector to boost production.

The raw materials imports were backed by the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system which has seen 62% of the total US$1.9 billion allotted in 2021 alone going towards raw material imports.

More: NewZimbabwe.com


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20 Comments

dd 2 months ago

these eports guys are not doing this country any good because the bulk of them are raw minerals being looted by the Chinese leaving irreversible damage to our environment,just go where these people work you will feel sorry for our environment


Mark 2 months ago

I don't even understand why everyone is arguing over money which we'll never get to begin with


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zimboy 2 months ago

ndezvemu herald ka izvi


Tkt 2 months ago

@Tari ... Iwe wanyatso nzwisisa chirungu chaicho mwana washe, kkkkk

@zvimbadzi .... Chirungu chakauya nengarava wena, hapana surplus yataurwa even,from the story chaipo so mazvi wanepi zvamava ktaura? Do you know what is trade deficit?

@-07 .... watii apo homie


Zvimbazi 2 months ago

if we start to go deep into economics you will notice that am a Legend . Keynesians are small to me🤣

Zvimbazi 2 months ago

I didnt read the article sorry guyz . I love commenting .kkk That is Basic Economics . Simpuru.🤣🤣

Tari 2 months ago

Ehh bakithi😩 ungu form one yini? Bala ama bhuku mfana!

Look at the image of the article. It's a scale with imports on one side and exports on the other, right? Now, if exports are more than imports, we have a trade SURPLUS. A trade surplus is good for the country. However, if imports are more than exports, we have a trade DEFICIT and it's bad for the country. SIMPURU

Zvimbazi 2 months ago

From article , tarisa pane first word rati increase . It means Surplus , real economics. Ma BOP Ayo

Zvimbazi 2 months ago

Its Economics not English .BOP includes ex and imports . I know Economics a lot ndo area yangu iyoyo . ndatenda

Zvimbazi 2 months ago

These surpluses made are from tobacco (almost 80% of exports).
Zimbabwe is best at exporting tobacco and coal.


KAMBWA BREWERIES 2 months ago

Zimbabwe should consider exporting the famous KAMBWA beverage as another way of promoting our exports.

2 months ago


2 months ago


Jah🇿🇼Tsvarie-07 2 months ago

Exports needs productivity for our products to be competitive, a big BUT when you pay employees in Rtgs$ you won't meet your target coz you allowing employees to export quarantine products simple coz they don't care. its a work as you earn situation 😀...


Zvimbazi 2 months ago

im very sorry , english never loved us.

trumpet 2 months ago

we are exporting a lot of ma**** to SA and Bostwana.


trumpet 2 months ago

It is nw official Prostitution is a form of employment according to our government


Nelson Chamisa Mbooro 2 months ago

What matters is the livelihood of our citizens!!


Tari 2 months ago

The Headline should have read: "Zimbabwe's trade deficit increases, again".



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