Zimbabwes desire to re-engage the international community by paying off arrears to the preferred creditors failed. As the 2020-2021 tobacco selling season commenced, tobacco exports shot up to 21.8 % in May 2021 from 9.1 % in April 2021. Agriculture and mining largely contribute to exports. A locked padlock ) or https:// means youve safely connected to the .gov website. Zimbabwe has yet to accept the Protocol amending the TRIPS Agreement to provide additional flexibilities to grant special compulsory licences for exports of medicines. Growth in exports has lagged behind growth in imports. 2013. Zimbabwe / Zimbabwe. Top Origin (2019) South Africa $1.97B. Exports structure from Zimbabwe in 2020 represented by the following main commodity groups: 30% (1.34 billion US$): 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 . Includes the U.S. government export controls that companies need to abide by when exporting to this country. Official websites use .gov Victoria Falls, Zimbabwe. Other exports include: sugar, tobacco, gemstones, cotton and electricity. Facing a Foreign Trade AD/CVD or Safeguard Investigation? $138.89M. The EAR is available on the BIS website and on the e-CFR (Electronic Code of Federal Regulations) and is updated as needed. The country also exports animals and birds, beef and dairy products, wildlife and poultry . The sector is an important contributor to the country's export activities, with . REUTERS/Mike Hutchings. The crop contributes 15 percent to GDP and 25 percent to total exports, according to the Zimbabwe Tobacco Association. In line with the Bank's financial institutions strategy, this new facility to NMB will . Others include: diamonds, platinum, ferrochrome, and gold. Imports in Zimbabwe decreased to 729.60 USD Million in July from 753.10 USD Million in June of 2022. GERMANY Exports to Zimbabwe - Major Export products . Zimbabwe Major Exports Business type: Export & Import. Zimbabwe Capital goods exports are worth US$ 32 million, product share of 0.73%. Land reform caused a collapse in Zimbabwe's tobacco crop, its main agricultural export. Vehicles other than railway, tramway. The main product imports of Zimbabwe are Mineral Fuels, Oils, Medicines, Vehicles, and Machinery. Zimbabwe exported about 17 443 tonnes of raw sugar to . Major exports include gold, tobacco, metal alloys, cotton, and sugar. So, UAE which had 36,4 per cent in . According to the agency, South Africa (SA) was the major trading partner with Zimbabwe. 1401 Constitution Ave NW Exports FDI, net inflows GDP Growth Rate GDP Per . Zimbabwe exports for 2018 was $5.08B, a 46.99% increase from 2017. Zimbabwe exports for 2017 was $3.46B, a 15.64% decline from 2016. 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. 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. 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. BIS also provides a variety of training sessions to U.S. exporters throughout the year. Recent developments. 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. Zimbabwe's main exports include gold, platinum, chrome, tobacco, and cotton. 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. 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 Consumer goods exports are worth US$ 250 million, product share of 5.68%. Tobacco is Zimbabwe's second-biggest foreign currency earner after gold, which accounted for US$741 million of the US$4.395 billion from exports in 2020 (Reserve Bank of Zimbabwe, 2021). 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 . Agriculture is the main source of subsistence for most of the population. What is Zimbabwes largest single import? Zimbabwe Export Data of 2021 suggests that Zimbabwe's exports were around 5.68 Billion US Dollars. Carved on their faces are visible marks of sorrow as they . Zimbabwe is currently our 174th largest goods trading partner with $87 million in total (two way) goods trade during 2019. 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. SADCC transformed into SADC in 1992 with the signing of the SADC Treaty in Windhoek, Namibia. It also has some gold, cotton, and chrome. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. So even price of production increases, it will be difficult for producers to raise the price without losing a lot of consumers. The ports authority of Zimbabwe provides safe and efficient transportation system that ensures safe trading in the ports and improved the economic prosperity of . Year. 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. 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. Such a high percentage reveals Zimbabwe's highly . (408) 998-8806 - Northern California branch (located in San Jose, CA open Monday-Friday, 8:00am-5:00 pm PT). The most recent exports are led by Gold ($2.14B), Raw Tobacco ($329M), Nickel Ore ($252M), Diamonds ($245M), and Ferroalloys ($232M). 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. 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. This page provides - Zimbabwe Imports - actual values, historical data, forecast, chart, statistics . Tobacco is the largest export crop (23 percent of merchandise exports in 1997) and Zimbabwe is among the world's biggest exporters. Highlands. Before 2000, farming accounted for 40% of all Zimbabwe's exports. The Republic of Zimbabwe imported US$7.6 billion worth of goods from international suppliers in 2021. 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 Import Data of 2021 suggests that Zimbabwe's imports were around 5.24 Billion US Dollars. Zimbabwes principal agricultural exports in descending order include tobacco (60 percent of total agricultural production), cotton lint (about 10 percent), raw sugar (9 percent), tea and coffee, horticultural products and maize (in nondrought years). Overall, Mashonaland West has the potential to earn more than US$400 million in exports annually from value-added products. 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 2019 Zimbabwe imported $4.83B, making it the number 138 trade destination in the world. Agriculture and mining largely contribute to exports. Upon independence in 1980, Robert Mugabe's government moved cautiously to alter the pattern of management that it inherited from the white minority regime. Zimbabwe's strategic geographic location in southern Africa offers untapped opportunities for local industries to export easily into neighbouring countries. Agricultural activities provide employment and income for 60-70 percent of the population, supplies 60 percent of the raw materials required by the industrial . Tobacco is Zimbabwe's main export crop, recording $898,8 million in sales in 2018, down from $913,8 million in 2017, according to data from the Tobacco Industry and Marketing Board. The Consolidated Screening List (CSL) is a list of parties for which the United States Government maintains restrictions on certain exports, reexports or transfers of items. Value. Exports. The primary source of the rest of the data, with the exception of the black market The economy of Zimbabwe mainly relies on its tertiary industry, which makes up to 60% of the total GDP as of 2017. It also has some gold, cotton, and chrome. Contact Supplier Blakeney Farm. In 2019, total mining export receipts according to . What is Zimbabwe's largest single import? Public finances have improved since October 2018 thanks to rising revenues from a two percent intermediated mobile transfer tax and reduction in expenditure. 2012. However, in 2017 and 2018, the government introduces measures that restricted imports resulting in a decline in the current account deficit. Zimbabwe Export Data Get Verified Zimbabwe Export Customs Shipment Data. Africa is huge and different. The study seeks to analyse the trade balance over the years 1980 to 2017, paying particular attention to the periodic trends. Zimbabwe - Imports - million US$ 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. Major exports include gold, tobacco, metal alloys, cotton, and sugar. As Per our Zimbabwe Trade Data, Zimbabwe is ranked 129th in the world in terms of GDP with a total trade value of $9.6 Billion US Dollars in the year 2021. The second lists top trade partners of Zimbabwe regarding import total (buying). Zimbabwe Capital goods imports are worth US$ 1,282 million, product share of 25.40%. 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. Tobacco is the #1 export in Zimbabwe. In 2019, the most important export partner of Zimbabwe was the United Arab Emirates, with a . Zambias main export, copper accounts for 70 percent of Africas production and 60 percent of countrys total exports. . In terms of GDP, Zimbabwe is the 115th largest economy in the world. 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. China is also a major source of investment for Zimbabwe. Contact information for BISs overseas ECOs can be found at: https://www.bis.doc.gov/index.php/enforcement/oea/eco. APDF readeris available from Adobe Systems Incorporated. BIS officials rely on EUCs to safeguard items subject to the EAR from diversion to unauthorized end uses/users and destinations. The 5 largest exports from Zimbabwe by dollar value are: unwrought gold, nickel matte and oxide sinters, nickel ores and concentrates, unmanufactured tobacco plus tobacco waste, and iron ferroalloys. 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. 2012. In 2010 though, it dropped to 2%. Nevertheless, the official rate has failed to attract inflows as it remains below the black-market rate. ATTENTION TO RIGHT HOLDERS! Opportunities. 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. "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. 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 has a gross domestic product (GDP) of around US$20 billion mainly dominated by agriculture, mining and services. Zimbabwe Raw materials exports are worth US$ 1,883 million, product share of 43.99%. The 5 main exports represent over four-fifths (82.6%) of all Zimbabwean exports by value. Year over year, the value of Zimbabwean imports accelerated by 34.3% compared to $4.96 billion for 2020. $198.53M. 4.95% . Zimbabwe Consumer goods imports are worth US$ 1,606 million, product share of 31.81%. 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External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Major export commodities are tobacco and horticulture. What does South Africa export to Zimbabwe? The economy of Zimbabwe grew at an average of 12% from 2009 to 2013, rendering it one of the fastest growing economies in . If exports increase at a faster pace as compared to imports, nothing can stop an economy from being a developed one. It borders Zambia to the north-west, Mozambique to the north-east, South Africa and Botswana to the south. 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. The other main exports are sugar and cotton and in years of surplus maize is exported. 3 to Part 730 of the EAR. 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. Includes the U.S. government export controls that companies need to abide by when exporting to this country. Zimbabwe's main exports are all agricultural products, such as tobacco and grains. Table 2, indicate that South Africa is the main export destination for Zimbabwean products, with U S$1.31 billion worth of exports. The landlocked country of Zimbabwe lies to the south of the equator and is part of the African continent. The principal imports are fuels and petroleum products, electricity, machinery and transport equipment, food, and miscellaneous manufactured goods. The U.S. goods trade deficit with Zimbabwe was $7 million in 2019. 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. 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. ZIMBABWE is a host of 60 different types of minerals, 40 of which have been historically exploited to various extents. Chief exports for Zimbabwe remains primary products which are unprocessed, while the country imports finished products which have been value-added. Exports in Zimbabwe increased to 549.70 USD Million in July from 541 USD Million in June of 2022. Machinery, nuclear reactors, boilers. The IMF has agreed to put the country onto a staff monitored program. Among all the top products exported from Zimbabwe, Nickle contribute to 5.52% of total trade value, equal to US$323,939 thousand. 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. . Specifically, an EUC verifies the bona fides of transactions subject to the EAR, to include: confirming the legitimacy and reliability of the end use and end user; monitoring compliance with license conditions; and ensuring items are used, re-exported or transferred (in-country) in accordance with the EAR. 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. Top Import (2019) Refined Petroleum $1.35B. For additional information and . 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 play an important role in economy, influencing the level of economic growth, employment and the balance of payments.
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