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. Such a high percentage reveals Zimbabwe's highly . 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 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. The verification of a foreign partys reliability facilitates future trade, including pursuant to BIS license reviews. by Daniel Workman. Economy - overview: Zimbabwe's economy depends heavily on its mining and agriculture sectors. As the 2020-2021 tobacco selling season commenced, tobacco exports shot up to 21.8 % in May 2021 from 9.1 % in April 2021. Zimbabwe Consumer goods exports are worth US$ 250 million, product share of 5.68%. BIS officials rely on EUCs to safeguard items subject to the EAR from diversion to unauthorized end uses/users and destinations. Based on Zimbabwe Import Data, Zimbabwe Import Activities help Zimbabwe to reach the 131st . 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. Zimbabwe Import Data of 2021 suggests that Zimbabwe's imports were around 5.24 Billion US Dollars. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. 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. A locked padlock ) or https:// means youve safely connected to the .gov website. Major exports include gold, tobacco, metal alloys, cotton, and sugar. The economy of Zimbabwe grew at an average of 12% from 2009 to 2013, rendering it one of the fastest growing economies in . That is, most products are imported from these countries to Zimbabwe. BIS has developed a list of red flags, or warning signs, and compiled Know Your Customer guidance intended to aid exporters in identifying possible violations of the EAR. The principal imports are fuels and petroleum products, electricity, machinery and transport equipment, food, and miscellaneous manufactured goods. The export value of clothing and textile also increased from 14.9 million in 2020 to 16.9 million in 2021. A list of other agencies involved in export control can be found on the BIS website and in Supplement No. Includes the U.S. government export controls that companies need to abide by when exporting to this country. Headlines / November 1, 2022 / By Editor. The other main exports are sugar and cotton and in years of surplus maize is exported. In 2016, imports accounted for more . For additional information and . Zimbabwe exports for 2019 was $6.03B, a 18.6% increase from 2018. Public finances have improved since October 2018 thanks to rising revenues from a two percent intermediated mobile transfer tax and reduction in expenditure. $203.71M. International Trade. Zimbabwes desire to re-engage the international community by paying off arrears to the preferred creditors failed. 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. REUTERS/Mike Hutchings. Eggs from Zimbabwe - Free to use unique search engine of reliable, genuine and verified companies, suppliers, exporters, sellers, manufacturers, factories, traders, tradeleads of products and services from all over the world. Upon independence in 1980, Robert Mugabe's government moved cautiously to alter the pattern of management that it inherited from the white minority regime. In 2020, Zimbabwe exported a total of $4.34B, making it the number 116 exporter in the world. EXPORTS of value-added products between January and July this year amounted to US$206,1 million, compared to U$172,4 million recorded during the same period last year, trade . SADCC transformed into SADC in 1992 with the signing of the SADC Treaty in Windhoek, Namibia. In terms of GDP, Zimbabwe is the 115th largest economy in the world. 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. Tobacco is the #1 export in Zimbabwe. Mineral fuels, oils, distillation products. . U.S. Department of Commerce BIS and the EAR regulate transactions involving the export of dual-use and less-sensitive military items (commodities, software, and technology) as well as some U.S. person activities. Officially known as the Republic of Zimbabwe, the country is a sovereign state that is located in the southern part of the African continent.The nation's economy comprises of the three main sectors of agriculture, industries, and services. The Zimbabwe Stock Exchange deals in both government securities and the securities of privately owned companies. Business type: Export & Import. A lock ( That dollar total reflects a 52.7% expansion from $5.64 billion in imports during 2017. Agricultural activities provide employment and income for 60-70 percent of the population, supplies 60 percent of the raw materials required by the industrial . Zimbabwe main import partners are South Africa and China. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Biotechnology Research and Development Laboratories/Services Agriculture, Medical Laboratory Supplies and Equipment, Licensing Requirements for Professional Services, https://www.bis.doc.gov/index.php/enforcement/oea/eco. Zimbabwe Export Data Get Verified Zimbabwe Export Customs Shipment Data. And in terms of Purchasing Power Parity Zimbabwe is leading the 117th position in the world. Year over year, the value of Zimbabwean imports accelerated by 34.3% compared to $4.96 billion for 2020. ATTENTION TO RIGHT HOLDERS! During Jan-Nov 2018, GERMANY has a total export of US $ 20.0 Million from Zimbabwe.The top products exported from Zimbabwe are UNMANUFACTURED TOBACCO/ TOBACCO REFUSE MEN'S OR BOYS' SUITS, ENSEMBLES, JACKETS, BLAZERS, TROUSERS, ETC WASTE,SCRAP OF PRECIOUS METAL OR OF METAL CLAD OF PRECIOUS METAL FERRO-ALLOYS which is 52.49% . In 2020, the government signed agreements with international partners including U.S. firm John Deere to import tractors and other agricultural machinery. Tel: +263-242-776 085/89. To increase earnings from cotton to clothing value-chain exports, there is need to step up efforts . As a result, the government has registered an average monthly primary surplus of $100 million since September 2018. The crop contributes 15 percent to GDP and 25 percent to total exports, according to the Zimbabwe Tobacco Association. 2012. Although Zimbabwe improved its rank in the World Banks Doing Business survey for 2018 to 155 out of 190, it still ranks poorly in global comparisons of economic competitiveness. These sessions range from one to two-day seminars that focus on the basics of exporting to coverage of more advanced, industry specific topics. 2020. Zimbabwe Capital goods imports are worth US$ 1,282 million, product share of 25.40%. The second exported is Tobacco, which accounts for 3.69%. The second lists top trade partners of Zimbabwe regarding import total (buying). The 5 main exports represent over four-fifths (82.6%) of all Zimbabwean exports by value. Zimbabwe Raw materials exports are worth US$ 1,883 million, product share of 43.99%. In 2019 Zimbabwe imported $4.83B, making it the number 138 trade destination in the world. The major export markets for Zimbabwe tobacco have been China, South Africa, Indonesia, Belgium and the United Arab Emirates in 2020 (Tobacco Industry and . Also shown are the trade value and the percentage share for each export category as well as the growth rate during the past 5 years. Zimbabwe has the second biggest informal economy as a share of its economy, which has a score of 60.6%. Among all the top products exported from Zimbabwe, Nickle contribute to 5.52% of total trade value, equal to US$323,939 thousand. By Alois Vinga. The U.S. goods trade deficit with Zimbabwe was $7 million in 2019. 3 to Part 730 of the EAR. 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. Real GDP growth is projected to slow to 3.4% in 2022 from 5.8% in 2021. Besides direct investment in mining, there is a significant opportunity to provide heavy underground mining machinery . Log in, Gems, precious metals: US$2 billion (32.9% of total exports), Tobacco, manufactured substitutes: $836.5 million (13.9%), Mineral fuels including oil: $94.4 million (1.6%), Salt, sulphur, stone, cement: $60.5 million (1%), Raw hides, skins not furskins, leather: $30.7 million (0.5%), Gems, precious metals: US$2 billion (Up by 48% since 2020), Ores, slag, ash: $1.1 billion (Up by 65.3%), Tobacco, manufactured substitutes: $818.3 million (Up by 5.1%), Iron, steel: $91.4 million (Up by 460.2%), Fruits, nuts: $30.9 million (Up by 11.9%), Raw hides, skins not furskins, leather: $29.3 million (Down by -2%), Coffee, tea, spices: $16.9 million (Down by -13.7%), Collector items, art, antiques: $8 million (Up by 51.7%), Mineral fuels including oil: -US$1.3 billion (Up by 11.8% since 2020), Machinery including computers: -$933.6 million (Up by 48.3%), Fertilizers: -$440.3 million (Up by 88.2%), Pharmaceuticals: -$413.8 million (Up by 121.8%), Cereals: -$332.2 million (Down by -35.8%), Electrical machinery, equipment: -$314.7 million (Up by 45.9%), Plastics, plastic articles: -$287.8 million (Up by 55%), Animal/vegetable fats, oils, waxes: -$279.3 million (Up by 64%), Other chemical goods: -$274.6 million (Up by 46.9%), Cotton Company of Zimbabwe (cotton lint, cottonseed), Dairibord Zimbabwe Ltd (milk, other dairy products), Sable Chemicals (fertilizer, ammonia nitrate), Zimbabwe Iron and Steel Company (iron, steel). Unlike the common statement that Zimbabwe is landlocked, one undoubted fact is that the country is land-linked, having direct links to five neighbouring countries: Botswana, Mozambique, Namibia, South Africa and Zambia. Facing a Foreign Trade AD/CVD or Safeguard Investigation? What is Zimbabwe's largest single import? Since 2009, Zimbabwe ran large trade deficits which, along with declining remittances, resulted in a widening current account deficit. Agriculture and mining largely contribute to exports. Others include: diamonds, platinum, ferrochrome, and gold. The government estimates Zimbabwe has over 50,000 medium- to large-scale farmers, and the country only has approximately 10,300 functional tractors of the 40,000 needed for commercial cultivation. Zimbabwe imports a variety of goods from China, including electronics, textiles, machinery, and medical equipment. 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. Nevertheless, the official rate has failed to attract inflows as it remains below the black-market rate. 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. Zimbabwe - Export Controls. 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. In 2010 though, it dropped to 2%. 2013. The economy of Zimbabwe is mainly relies on its tertiary industry, which makes up to 60% of the total GDP as of 2017. Zimbabwe exported about 17 443 tonnes of raw sugar to . Zimbabwe has the second biggest informal economy as a share of its economy, which has a score of 60.6%. 2013. 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. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies . Exports in Zimbabwe increased to 549.70 USD Million in July from 541 USD Million in June of 2022. The CSL consolidates eleven export screening lists of the Departments of Commerce, State, and the Treasury into a single data feed as an aid to industry in conducting electronic screens of parties to regulated transactions. According to the RBZ, legal exports of gold, Zimbabwe's top mineral export, increased from US$1.2billion in 2020 to US$1.7 billion in 2021. . Overall, Mashonaland West has the potential to earn more than US$400 million in exports annually from value-added products. Zimbabwe Trade Statistics including exports and imports by partner and products, tariffs and relevant development indicators. 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. The first budget of July 1980 was described by the finance minister as "conservative [with] a mild and pragmatic application of socialism." But the white minority had passed on government machinery that . According to the statistics of CIA FactBook, Zimbabwe exported US$5,867 million worth of goods around the world in 2018. Share sensitive information only on official, secure websites. Tobacco is the largest export crop (23 percent of merchandise exports in 1997) and Zimbabwe is among the world's biggest exporters. However, in 2017 and 2018, the government introduces measures that restricted imports resulting in a decline in the current account deficit. The study seeks to analyse the trade balance over the years 1980 to 2017, paying particular attention to the periodic trends. Zimbabwes main exports include gold, platinum, chrome, tobacco, and cotton. Zimbabwes main exports are tobacco (23 percent of total exports) and nickel (20 percent). As Per our Zimbabwe Trade Data, Zimbabwe is ranked 129th in the world in terms of GDP with a total trade value of $9.6 Billion US Dollars in the year 2021. Zimbabwe is a founder Member State of the Southern African Development Community (SADC), having been one of the nine countries that formed the Southern African Development Coordination Conference (SADCC) in Lusaka, Zambia, in April 1980. Mining, trade, and tourism took advantage of high commodity prices and the relaxation of COVID-19 restrictions, helping to drive growth. The economy of Zimbabwe. Exports structure from Botswana in 2020 represented by the following main commodity groups: 89% (3.8 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin; 2.31% (98 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers . This analysis uses exports to Zimbabwe's ten major trading partners: United States, Germany, South Africa, United Kingdom, Japan, France, Italy, Netherlands, Canada and Switzerland for the period 1984:Q1-2004:Q4. South Africa is Zimbabwes number one trading partner, accounting for 71% of all exports and 38% of imports, in 2015. It also has some gold, cotton, and chrome. Highlands. These goods are relatively elastic, which means a variation in price has a major impact on demand for that product. Prosper Ndlovu, Business Editor. The following table lists the top products exported by Zimbabwe. GERMANY Exports to Zimbabwe - Major Export products . As per WTO reports, Zimbabwe is the 115th largest economy in the world. Zimbabwe - Exports - million US$ South Africa China Dem. What are Zimbabwe's top 5 major exports? The ports authority of Zimbabwe provides safe and efficient transportation system that ensures safe trading in the ports and improved the economic prosperity of . The contribution of the manufacturing sector to GDP has declined from around 25 percent in the 1990s to about 12 percent mainly due to several constraints including foreign exchange shortages and poor economic environment. 4.95% . Recent developments. International Trade Administration Zimbabwe Imports from China. Horticulture is growing rapidly and Zimbabwe is now the world's third-largest exporter of roses. ZIMBABWE has registered remarkable growth in exports to Dubai, a key province in the United Arab Emirates (UAE), to clock US$1.4 billion in 2020 earnings from just . Zimbabwe's economy depends heavily on its mining and agriculture sectors. APDF readeris available from Adobe Systems Incorporated. www.riozim.co.zw. 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. Zimbabwe is one of the largest producers of tobacco in Africa, exporting $782m in the 2020 season. Agriculture and mining largely contribute to exports. Smaller crops like sugar, tea, coffee, cotton, seeds, maize, small grains and oilseeds are also exported. BIS officials conduct site visits, known as End-Use Checks (EUCs), globally with end-users, consignees, and/or other parties to transactions involving items subject to the EAR to verify compliance. Although Zimbabwe is a landlocked country, the country has vast quantities of fish resources which are vital to the country's economy. Zimbabwe's main exports include gold, platinum, chrome, tobacco, and cotton. Zimbabwe has a gross domestic product (GDP) of around US$20 billion mainly dominated by agriculture, mining and services. In other words, Zimbabwe has great potential to expand its export footprint to the UAE and the entire Gulf region market using UAE as a critical gateway. The landlocked country of Zimbabwe lies to the south of the equator and is part of the African continent. It also has some gold, cotton, and chrome. According to the agency, South Africa (SA) was the major trading partner with Zimbabwe. 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. Zimbabwe was ranked 116th on the list of world's top exporters. For example, Zimbabwe's Exports rank is higher than 42.25% of the countries in the dataset. Zimbabwe Exports and Imports of Product Groups 2019. Export. Zimbabwe was ranked 131st on the list of world's top importers. Victoria Falls, Zimbabwe. If you believe that the posting of any material infringes your copyright, be sure to contact us through the contact form and your material will be removed! Exports FDI, net inflows GDP Growth Rate GDP Per . Goods exports totaled $40 million; goods imports totaled $47 million. Zimbabwe / Zimbabwe. Since 2009, Zimbabwe ran large trade deficits which, along with declining remittances, resulted in a widening current account deficit. Zimbabwe Raw materials imports are worth US$ 148 million, product share of 3.09%. Bookmark. For advice and regulatory requirements on items under the export control jurisdiction of other U.S. Government agencies, exporters should consult other U.S. Government agencies. Some Zimbabwean products are destined for Mozambique, United Ar . BISs Export Control Officers (ECOs) located at U.S. embassies and consulates in seven overseas locations also conduct outreach to raise awareness of reexport control requirements with foreign business communities. Zimbabwe Export Data of 2021 suggests that Zimbabwe's exports were around 5.68 Billion US Dollars. This page provides - Zimbabwe Imports - actual values, historical data, forecast, chart, statistics . 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. Imports in Zimbabwe decreased to 729.60 USD Million in July from 753.10 USD Million in June of 2022. But always exotic and beautiful, with its vast expanses, hot sun and a great variety of living creatures that roam right next to you, and do not sadly sit in cages. The sector is an important contributor to the country's export activities, with . Chief exports for Zimbabwe remains primary products which are unprocessed, while the country imports finished products which have been value-added. The Zambezi River is the northern border of Zimbabwe. The main export destinations for Zimbabwe's sugar are the United States, European Union, Botswana, South Africa and Eastern Africa (Kenya). . Zimbabwe Intermediate goods imports are worth US$ 1,215 million, product share of 25.38%. Contact Supplier Blakeney Farm. The most recent exports are led by Gold ($2.14B), Raw Tobacco ($329M), Nickel Ore ($252M), Diamonds ($245M), and Ferroalloys ($232M). Zimbabwe main export partners are: South Africa, China, Congo and Botswana. It covers 390,757 km, of which 3910 km are covered by water. Africa is huge and different. Zimbabwe also has a plant breeder's rights legislation; however, the country is not a member of UPOV. Zimbabwe ports play an important role in the export and import trade of the country. 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. 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 . The fastest growing export markets for Gold of Zimbabwe between 2018 and 2019 were Hong Kong ($9.88M)and Israel ($228k). Carved on their faces are visible marks of sorrow as they . U.S. goods exports to Zimbabwe in 2019 were $40 million, up 18.4% ($6 million) from 2018 but down 53.2% from 2009. As per . A .gov website belongs to an official government organization in the United States. According to the statistics of CIA FactBook, Zimbabwe exported US$5,867 million worth of goods around the world in 2018. Growth in exports has lagged behind growth in imports. What are Zimbabwe's top 5 major exports? 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. Exporter from Zimbabwe Poultry . Zambias main export partner is Switzerland (45 percent of total exports). For example, Mashonaland West has potential in agriculture and horticulture, processed foods, arts and crafts, clothing and textiles, furniture and packaging. It borders Zambia to the north-west, Mozambique to the north-east, South Africa and Botswana to the south. Exports play an important role in economy, influencing the level of economic growth, employment and the balance of payments. The economy of Zimbabwe mainly relies on its tertiary industry, which makes up to 60% of the total GDP as of 2017. Zimbabwe's economy is dependent on agricultural products including tobacco, cotton and sugar cane. This potential was calculated by using the highest export . 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. Value. Data are in current U.S. dollars. These checks might be completed prior to the export of items pursuant to a BIS export license in the form of a Pre-License Check (PLC) or following an export from the U.S. during a Post-Shipment Verification (PSV), regardless of whether or not a BIS license was required. Growth in exports has lagged behind growth in imports. Top Import (2019) Refined Petroleum $1.35B. Growth in exports has lagged behind growth in imports. About 99% of the tobacco crop is exported, the balance being processed locally. 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