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Zimbabwe has broken land slide records in the export of the white metal of cotton, golden leaf Tobacco, Gold, Raw Hides, Soya Bean and other Value Added Exports.
Zimbabwe National Statistics Agency (ZimStat), revealed that exports rose to US$674,6 million in November 2022, the highest since January 2017.
Zimbabwe’s golden leaf went toe to toe pound to pound with the yellow metal with Tobacco and gold contributing US$171 million and US$183 million, respectively.
Also Other exports also experienced exponential growth with Exports in raw hides and skins (fresh or preserved, not tanned) jumping to US$3,2 million, which is significantly higher than the monthly average of US$1,6 million.
Soya beans exports also doubled to US$1 million.
The Zimbabwe Government continues to emphasise the need to increase and diversify exports, especially of value-added goods and services.
The National Development Strategy 1 (NDS1), has enabled President Mnangagwa’s administration plans to increase the contribution of value-added exports to total exports to 20 percent by 2025 from 9 percent.
The goal is to gradually improve the contribution of the value-added exports to total exports from US$727,5 million in 2020 to about US$1,3 billion in 2025.
Allan Majuru, ZimTrade’s chief executive officer said the current success can be attributed to the new political administration’s re-engagement agenda, which is creating space for local companies to engage with buyers in traditional and non-traditional markets.
“Activities such as outward seller missions and inward buyer missions have increased exposure for Zimbabwean products, creating interest from the region and beyond,” said Majuru.
“The increased interest in Zimbabwean products has led to diversified export destinations and seen Zimbabwean products penetrating non-traditional markets such as Belgium and Dubai, resulting in Dubai becoming the second-largest export destination market,” added the Zimtrade CEO.
The country’s exports to non-traditional markets such as the United Arab Emirates (UAE), China, Belgium and Italy have witnessed unprecedented growth.
Romania and Namibia exports from Zimbabwe are at US$1,7 million and US$3,3 million, respectively, their highest in six years.
Shipments to Luxembourg and Korea used to be negligible, as they soared to $7,4 million and US$1,9 million in that order in November.
Also Exports to India improved from their previous high of US$2,7 million to US$4,6 million in the review period.
Record exports were also made to countries such as Croatia, Spain, Germany and Egypt.
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