Breaking News

Zimstat: SA continues to be Zim's main trading partner

by Staff Reporter
14 February 2013 | 2771 Views
Zimbabwe's trade with South Africa reached US$5,8  billion in 2012 although the neighbouring nation enjoyed a trade surplus.




Official data from the Zimbabwe National Statistics Agency (Zimstat) released to shows that South Africa continues to be the country's main trading partner, accounting for more than 60% of Zimbabwe's international trade volumes.

The figures showed that total trade volumes between Zimbabwe and South Africa reached US$5,8 billion last year from US$4,6 billion in 2011, while the country's international trade volume for 2012 increased to US$11,2 billion.

However, during the year under review, Zimbabwe incurred a trade deficit of US$532 million after importing goods and services worth US$3,2  billion from South Africa compared to exports valued at US$2,7 billion.

An industrialist, Mr Daniel Chinyemba said government and the private sector should focus on reducing the import bill.

"We need to increase product beneficiation for the benefit of the economy. Value addition would enable us to export goods at a better price and by such doing, we will be able to increase our export bill," he said.

Another industrialist, Mr Joseph Chinhamu said the implementation of a workable value addition policy will increase the local industry's market share in South Africa.

Zimbabwe's main imports from South Africa consist of food, clothing, textiles and ICT products, among other finished goods, while the country mainly exports raw materials like minerals to its neighbour.

trading

Source: zbc

Comments

Latest News

Harare councillor dies

by Staff Reporter | 04 May 2016 | 1382 Views

True Christians created to rule

by Khumbulani Maphosa | 04 May 2016 | 736 Views

Female cop begs colleague to wear condom before being raped - A female...

by Staff rerporter | 04 May 2016 | 7526 Views

Mphoko, Mnangagwa fight over Joshua Nkomo

by Staff reporter | 04 May 2016 | 4562 Views

Watercolor artist to showcase artwork at Zim Achievers

by Tidi Kwidini | 04 May 2016 | 787 Views

Bosso top striker dragged into match-fixing scandal - HIGHLANDERS top ...

by Sports writer | 04 May 2016 | 2697 Views

Addressing people's anger is the answer, not muzzling the media - As t...

by Tendai Ruben Mbofana | 04 May 2016 | 937 Views

Obscure multi-currency usage blamed for cash shortages -RBZ - The Rese...

by Staff reporter | 04 May 2016 | 1652 Views

Queen Elizabeth's mother visited disputed top Mugabe's aide farm - COL...

by Itai Mushekwe | 04 May 2016 | 2863 Views

MP Cross calls for alignment of 400 Acts to new constitution - to what...

by Wilbert Mukori | 04 May 2016 | 640 Views

First Sci-fi novel in Shona relaunched - Muna Hacha Maive Nei? The fir...

by Belontos Books | 04 May 2016 | 498 Views

The Truth: Christians created to rule - For years now I have been aski...

by Khumbulani Maphosa | 04 May 2016 | 849 Views

Zim Ministers in a magical economic double act to half civil servants ...

by Patrick Guramatunhu | 04 May 2016 | 1246 Views

Tsholotsho ghost haunts Mnangagwa - CHIREDZI - Former Zimbabwe Sugar M...

by Staff reporter | 04 May 2016 | 2150 Views

'Mugabe must retire' - FORMER Zanu-PF Hurungwe West MP Temba Mliswa ha...

by Staff reporter | 04 May 2016 | 1507 Views

'Mnangagwa sabotaged' - ZANU-PF factional fights have been blamed for ...

by Staff reporter | 04 May 2016 | 1482 Views

Man accuses wife of 'locking' his penis - A Harare man, Trymore Mangez...

by Staff reporter | 04 May 2016 | 1799 Views

Mnangagwa, Mphoko cause scene at ZITF - VICE-President Emmerson Mnanga...

by Staff reporter | 04 May 2016 | 2309 Views

Lions stalk Bikita village - A PRIDE of lions is wreaking havoc in Bik...

by Walter Mswazie | 04 May 2016 | 1080 Views

MDC-T march: attempt at covering up Bulawayo rot - THE planned MDC-T m...

by Nduduzo Tshuma | 04 May 2016 | 910 Views

'Zimbabwe lags behind in mining technology' - MINES and Mining Develop...

by Staff reporter | 04 May 2016 | 277 Views

National Pledge gets mixed response - THERE was a mixed response on th...

by Staff Reporters | 04 May 2016 | 589 Views

Bonus joy for teachers - THE government has paid teachers their 2015 b...

by Nqobile Tshili | 04 May 2016 | 1560 Views

Amazulu entice Joey Antipas - CHICKEN Inn coach Joey Antipas says he h...

by Grace Chingoma | 04 May 2016 | 791 Views

Angry residents burns thugs to death

by Staff Reporter | 04 May 2016 | 2375 Views

Entertainment

Tupac's mother, Afeni Shakur Davis, dies at 69

by Staff Reporter | 04 May 2016 | 1789 Views

'Ekhweni lami' a classic value for money project

by Vusmann | 03 May 2016 | 1122 Views

Macheso relishes SA tour - "We have performed in South Africa before, ...

by Tawanda Marwizi | 03 May 2016 | 1259 Views

Maita crowned Miss Africa Zimbabwe - Harare beauty, Maita Kainga was c...

by Bongani Ndlovu | 02 May 2016 | 1866 Views

1ns and 2s with DJ-Sticha - Know your song Mondays

by DJ-Sticha | 02 May 2016 | 1662 Views

Interview with musician Lyfe Martinez

by Staff reporter | 01 May 2016 | 2050 Views
iBlog

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago

Apple Watch Teardown Reveals Unique Hardware And Replaceable Parts

The apple watch may not be fine jewelry, but bill detwiler cracks it open and shows you why he thinks it's a fine piece of tech. the apple watch may be beautiful on the outside, but how about on the inside? in this cracking open installment, we go in... Read More
Sergey 11 June 2015 ago