Major exports include gold, tobacco, metal alloys, cotton, and sugar. The principal imports are fuels and petroleum products, electricity, machinery and transport equipment, food, and miscellaneous manufactured goods.
What are the main imports of Zimbabwe?
Top 10 Import Goods
|HS Code||Import USD$|
|(84) Industrial Machinery||$572,430,330|
|(87) Motor Vehicles & Parts||$368,864,349|
|(85) Electrical Machinery||$198,489,830|
What is Zimbabwe’s main exports?
Exports: The top exports of Zimbabwe are Gold ($1.72B), Raw Tobacco ($438M), Ferroalloys ($231M), Nickel Ore ($229M), and Diamonds ($221M), exporting mostly to United Arab Emirates ($1.63B), South Africa ($933M), Mozambique ($354M), China ($157M), and Belgium ($101M).
What is Zimbabwe’s largest import?
Zimbabwe’s Top Imports in 2020:
- 2.15% ($108 million): 3102 – Mineral or chemical fertilisers, nitrogenous.
- 2.1% ($106 million): 1006 – Rice.
- 2.05% ($103 million): 8701 – Tractors (other than tractors of heading 87.09).
- 2.03% ($102 million): 1001 – Wheat and meslin.
Does Zimbabwe export or import more?
Zimbabwe Service Trade data from WDI 2018
Zimbabwe, Service exports (BoP, current US$) is not available. Zimbabwe, Imports of goods and services as percentage of GDP is 25.51 %. Zimbabwe, Exports of goods and services as percentage of GDP is 22.92 %.
Which countries does Zimbabwe trade with?
Zimbabwe’s trading partners include South Africa and other African countries, the United States, China, and some countries of the EU. Zimbabwe belongs to regional economic trade-and-development organizations, including the Southern African Development Community and the Common Market for Eastern and Southern Africa.
What does Zimbabwe produce?
Zimbabwe’s 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).
Is Zimbabwe poor or rich?
Economy of Zimbabwe
|GDP per capita rank||166th (nominal, 2019) 160th (PPP, 2019)|
|GDP by sector||agriculture: 12% industry: 22.2% services: 65.8% (2017 est.)|
|Inflation (CPI)||319.0% (2020 est.)|
|Population below poverty line||70.0% (2017) 61.0% on less than $3.20/day (2017)|
Who is Zimbabwe’s largest trading partner?
Zimbabwe top 5 Export and Import partners
|Exporter||Trade (US$ Mil)||Partner share(%)|
What is Zimbabwe best known for?
Great Zimbabwe was a medieval African city known for its large circular wall and tower. It was part of a wealthy African trading empire that controlled much of the East African coast from the 11th to the 15th centuries C.E.
What does Zimbabwe import from China?
Zimbabwe imports from China. Value. Year. Machinery, nuclear reactors, boilers. $138.89M.
Does Zimbabwe import sugar?
Imports of commodity group 1701 “Cane or beet sugar and chemically pure sucrose, in solid form.” accounted for 0.014% of total import flow to Zimbabwe (in 2020, total imports to Zimbabwe amounted to $ 5.04 billion).
What does South Africa trade with Zimbabwe?
|South Africa exports to Zimbabwe||Value||Year|
|Machinery, nuclear reactors, boilers||$321.66M||2020|
|Mineral fuels, oils, distillation products||$203.71M||2020|
|Vehicles other than railway, tramway||$198.53M||2020|
Where does Zimbabwe import oil from?
In 2018, the top partner countries from which Zimbabwe Imports Fuels include Singapore, South Africa, United Kingdom, Mozambique and Zambia.
Why is foreign trade important to Zimbabwe?
Zimbabwe also sells goods and services to other countries in order to: … Force local industries to produce goods of high quality because international markets are competitive. Foster peace and friendship with other countries. Promote cultural, scientific and economic cooperation with other countries e.g. China.
How did trade affect Zimbabwe?
Archaeological evidence suggests that Great Zimbabwe became a center for trading, with a trade network linked to Kilwa Kisiwani and extending as far as China. This international trade was mainly in gold and ivory. The rulers of Zimbabwe brought artistic and stone masonry traditions from Mapungubwe.