The Zimbabwe National Statistics Agency (ZIMSTAT) has released the latest trade statistics which show that the value of exports in June this year surpassed the value recorded in May.
ZIMSTAT said the value of total exports in June 2022 was US$666.6 million, signifying an increase of 29.9% from total export earnings of US$513.1 million in May 2022.
Meanwhile, imports increased by 4.9% to US$750.5 million in June 2022, from US$715.7 million in May the same year
In June, the agency reported that the value of total exports in April 2022 was US$587.3 million, signifying an increase of 5.3% from total export earnings of US$557.6 million in March 2022.
The agency also announced that during the same period, imports decreased by 10.7% to US$637.2 million from US$713.8 million in March 2022.
ZIMSTAT produces the monthly summary of External Trade Statistics report using data on merchandise statistics from the Zimbabwe Revenue Authority (ZIMRA) and secondary statistics from companies and trade organizations.
Zimbabwe’s major imports are mineral fuels, mineral oil products, vehicles, electrical machinery, plastics, cereals mostly rice, animal and vegetable oils and fats, pharmaceuticals, paper and paper products, and fertilizers.
South Africa, Singapore, China, and India have over the years been Zimbabwe’s biggest trading partners with Zimbabwe importing more than its counterparts since its local industry is collapsed.