Zimbabwe records trade deficit in September

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Harare, Nov. 2, 2020 (Xinhua/Naija247news) Zimbabwe recorded a trade deficit of 42.6 million dollars in September 2020, the Zimbabwe National Statistics Agency (Zimstat) said on Monday.

According to the statistics agency, the country exported goods worth 398.8 million dollars during the month, less than the value of its imports which stood at 441.4 million dollars.

The imports were up by nine per cent compared to August, while exports increased by 2.4 per cent from $389.3 million the previous month.

“While a positive trade balance was maintained for the four months in a row at the end of 2019, the trade balance has been negative from February to September 2020,” Zimstat said.

Minerals and tobacco are among Zimbabwe’s top major exports, while raw materials and equipment, electricity and fuel rank high among imports.

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