Includes the U.S. government export controls that companies need to abide by when exporting to this country. The Republic of Zimbabwe imported US$7.6 billion worth of goods from international suppliers in 2021. Includes the U.S. government export controls that companies need to abide by when exporting to this country. However, in 2017 and 2018, the government introduces measures that restricted . Contact information for BISs overseas ECOs can be found at: https://www.bis.doc.gov/index.php/enforcement/oea/eco. Zimbabwe main import partners are South Africa and China. 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. Eggs from Zimbabwe - Free to use unique search engine of reliable, genuine and verified companies, suppliers, exporters, sellers, manufacturers, factories, traders, tradeleads of products and services from all over the world. Zimbabwe Major Exports. According to the statistics of CIA FactBook, Zimbabwe exported US$5,867 million worth of goods around the world in 2018. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. All materials are posted on the site strictly for informational and educational purposes! Zimbabwe's economy is dependent on agricultural products including tobacco, cotton and sugar cane. China is also a major source of investment for Zimbabwe. Agriculture is the main source of subsistence for most of the population. In line with the Bank's financial institutions strategy, this new facility to NMB will . Agriculture is the backbone of Zimbabwe's economy as Zimbabweans remain largely a rural people who derive their livelihood from agriculture and other related rural economic activities. But always exotic and beautiful, with its vast expanses, hot sun and a great variety of living creatures that roam right next to you, and do not sadly sit in cages. Zimbabwes main exports include gold, platinum, chrome, tobacco, and cotton. Assistance is available from BIS by calling one of the following numbers: You may also e-mail your inquiry to the Export Counseling Division of the Office of Exporter Services at ECDOEXS@bis.doc.gov. The economy of Zimbabwe mainly relies on its tertiary industry, which makes up to 60% of the total GDP as of 2017. The 5 main exports represent over four-fifths (82.6%) of all Zimbabwean exports by value. 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. This page provides - Zimbabwe Exports - actual values, historical data, forecast, chart, statistics . Zimbabwe - Export Controls. Prepared by our U.S. Embassies abroad. In 2019, total mining export receipts according to . Zimbabwe's main exports are all agricultural products, such as tobacco and grains. What are Zimbabwe's top 5 major exports? Zimbabwe Exports and Imports of Product Groups 2019. As per . Imports in Zimbabwe averaged 711.27 USD Million from 1993 until 2022, reaching an all time high of 6207.50 USD Million in December of 2009 and a record low of 224.70 USD Million in April of 2020. Agricultural activities provide employment and income for 60-70 percent of the population, supplies 60 percent of the raw materials required by the industrial . That is, most products are imported from these countries to Zimbabwe. The verification of a foreign partys reliability facilitates future trade, including pursuant to BIS license reviews. During Jan-Nov 2018, GERMANY has a total export of US $ 20.0 Million from Zimbabwe.The top products exported from Zimbabwe are UNMANUFACTURED TOBACCO/ TOBACCO REFUSE MEN'S OR BOYS' SUITS, ENSEMBLES, JACKETS, BLAZERS, TROUSERS, ETC WASTE,SCRAP OF PRECIOUS METAL OR OF METAL CLAD OF PRECIOUS METAL FERRO-ALLOYS which is 52.49% . The main export destinations for Zimbabwe's sugar are the United States, European Union, Botswana, South Africa and Eastern Africa (Kenya). Exports play an important role in economy, influencing the level of economic growth, employment and the balance of payments. The principal . The Bureau of Industry and Security (BIS) is responsible for regulating, implementing, and enforcing dual-use export controls. As per WTO reports, Zimbabwe is the 115th largest economy in the world. The following table lists the top products exported by Zimbabwe. It covers 390,757 km, of which 3910 km are covered by water. Mar 30, 2022. Year. This site contains PDF documents. The major export markets for Zimbabwe tobacco have been China, South Africa, Indonesia, Belgium and the United Arab Emirates in 2020 (Tobacco Industry and . ATTENTION TO RIGHT HOLDERS! Zimbabwe Import Data of 2021 suggests that Zimbabwe's imports were around 5.24 Billion US Dollars. The most recent exports are led by Gold ($2.14B), Raw Tobacco ($329M), Nickel Ore ($252M), Diamonds ($245M), and Ferroalloys ($232M). Vehicles other than railway, tramway. by Daniel Workman. About 99% of the tobacco crop is exported, the balance being processed locally. Apart from tobacco the other major agricultural exports include sugar, tea, coffee, cotton, fruit and vegetables, fresh cut flowers, seeds, maize, small grains and oilseeds. The other main exports are sugar and cotton and in years of surplus maize is exported. Quick Answer: Are fertility rates dropping in Africa. What agricultural products does Zimbabwe export? The economy of Zimbabwe grew at an average of 12% from 2009 to 2013, rendering it one of the fastest growing economies in . Although the 2009 adoption of the multicurrency monetary regime, under which the U.S. dollar dominated business transactions, brought stability and restored business confidence, the introduction of the surrogate currency known as bond notes in 2016 reintroduced uncertainties within the economy. HS Code Import USD$ (27) Oil & Mineral Fuels: $1,465,641,689 (84) Industrial Machinery So even price of production increases, it will be difficult for producers to raise the price without losing a lot of consumers. Harare. The principal imports are fuels and petroleum products, electricity, machinery and transport equipment, food, and miscellaneous manufactured goods. $203.71M. 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And in terms of Purchasing Power Parity Zimbabwe is leading the 117th position in the world. Zimbabwes economy is well diversified and the country is a reliable and competitive supplier of a wide range of minerals; agricultural products; manufactured goods; as well as value-added services. Last published date: 2022-08-02. 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 is currently our 174th largest goods trading partner with $87 million in total (two way) goods trade during 2019. This statistic shows the most important export partner countries for Zimbabwe in 2019. U.S. goods exports to Zimbabwe in 2019 were $40 million, up 18.4% ($6 million) from 2018 but down 53.2% from 2009. The ports authority of Zimbabwe provides safe and efficient transportation system that ensures safe trading in the ports and improved the economic prosperity of . 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. Nevertheless, the official rate has failed to attract inflows as it remains below the black-market rate. Zimbabwes desire to re-engage the international community by paying off arrears to the preferred creditors failed. Imports in Zimbabwe decreased to 729.60 USD Million in July from 753.10 USD Million in June of 2022. REUTERS/Mike Hutchings. Headlines / November 1, 2022 / By Editor. Zimbabwe exports for 2020 was $6.72B, a 11.43% increase from 2019. 4.95% . 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). 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). Zimbabwe exports for 2018 was $5.08B, a 46.99% increase from 2017. The crop contributes 15 percent to GDP and 25 percent to total exports, according to the Zimbabwe Tobacco Association. 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. 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. The export value of clothing and textile also increased from 14.9 million in 2020 to 16.9 million in 2021. 202) 482-4811 - Outreach and Educational Services Division (located in Washington, DC open Monday-Friday, 8:30 am-5:00 pm ET); (949) 660-0144 - Western Regional Office (located in Irvine, CA open Monday-Friday, 8:00 am-5:00 pm PT); or. Horticulture is growing rapidly and Zimbabwe is now the world's third-largest exporter of roses. Tel: +263-242-776 085/89. So, UAE which had 36,4 per cent in . Exporters should determine the export requirements specific to their proposed transaction by classifying their items prior to export, and reviewing the EARs requirements specific to the item(s) and the proposed end use and end user, as well as consulting the CSL to determine if any parties to the transaction may be subject to specific license requirements. Log in, Gems, precious metals: US$2 billion (32.9% of total exports), Tobacco, manufactured substitutes: $836.5 million (13.9%), Mineral fuels including oil: $94.4 million (1.6%), Salt, sulphur, stone, cement: $60.5 million (1%), Raw hides, skins not furskins, leather: $30.7 million (0.5%), Gems, precious metals: US$2 billion (Up by 48% since 2020), Ores, slag, ash: $1.1 billion (Up by 65.3%), Tobacco, manufactured substitutes: $818.3 million (Up by 5.1%), Iron, steel: $91.4 million (Up by 460.2%), Fruits, nuts: $30.9 million (Up by 11.9%), Raw hides, skins not furskins, leather: $29.3 million (Down by -2%), Coffee, tea, spices: $16.9 million (Down by -13.7%), Collector items, art, antiques: $8 million (Up by 51.7%), Mineral fuels including oil: -US$1.3 billion (Up by 11.8% since 2020), Machinery including computers: -$933.6 million (Up by 48.3%), Fertilizers: -$440.3 million (Up by 88.2%), Pharmaceuticals: -$413.8 million (Up by 121.8%), Cereals: -$332.2 million (Down by -35.8%), Electrical machinery, equipment: -$314.7 million (Up by 45.9%), Plastics, plastic articles: -$287.8 million (Up by 55%), Animal/vegetable fats, oils, waxes: -$279.3 million (Up by 64%), Other chemical goods: -$274.6 million (Up by 46.9%), Cotton Company of Zimbabwe (cotton lint, cottonseed), Dairibord Zimbabwe Ltd (milk, other dairy products), Sable Chemicals (fertilizer, ammonia nitrate), Zimbabwe Iron and Steel Company (iron, steel). The CSL consolidates eleven export screening lists of the Departments of Commerce, State, and the Treasury into a single data feed as an aid to industry in conducting electronic screens of parties to regulated transactions. Zimbabwe Export Data Get Verified Zimbabwe Export Customs Shipment Data. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. BIS officials conduct site visits, known as End-Use Checks (EUCs), globally with end-users, consignees, and/or other parties to transactions involving items subject to the EAR to verify compliance. EXPORTS of value-added products between January and July this year amounted to US$206,1 million, compared to U$172,4 million recorded during the same period last year, trade . Year over year, the value of Zimbabwean imports accelerated by 34.3% compared to $4.96 billion for 2020. Zimbabwe main export partners are: South Africa, China, Congo and Botswana. IMPORTANT NOTE: Exporters must know the trading policies governing trade between Zimbabwe and the target market and more importantly, you must know the Rules of Origin (ROO) criteria. Business type: Export & Import. The country suffers from a binding foreign exchange constraint that forced the central bank to introduce an interbank market for foreign exchange in February 2019. 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. 2013. Zimbabwe Exports, major trade partners . . After the country paid off arrears owed to the IMF, it failed to raise resources to pay arrears owed to the African Development Bank and the World Bank as agreed to in Lima on the sidelines of the World Bank and IMF spring meetings in 2015. The landlocked country of Zimbabwe lies to the south of the equator and is part of the African continent. International Trade. Some Zimbabwean products are destined for Mozambique, United Ar . Zimbabwe Trade Statistics. The first budget of July 1980 was described by the finance minister as "conservative [with] a mild and pragmatic application of socialism." But the white minority had passed on government machinery that . Public finances have improved since October 2018 thanks to rising revenues from a two percent intermediated mobile transfer tax and reduction in expenditure. Zimbabwes main exports are tobacco (23 percent of total exports) and nickel (20 percent). It also has some gold, cotton, and chrome. South Africa is Zimbabwes number one trading partner, accounting for 71% of all exports and 38% of imports, in 2015. In terms of GDP, Zimbabwe is the 115th largest economy in the world. Export. ZIMBABWE has registered remarkable growth in exports to Dubai, a key province in the United Arab Emirates (UAE), to clock US$1.4 billion in 2020 earnings from just . Zimbabwe has the second biggest informal economy as a share of its economy, which has a score of 60.6%. The second exported is Tobacco, which accounts for 3.69%. Zimbabwe has the second biggest informal economy as a share of its economy, which has a score of 60.6%. The U.S. goods trade deficit with Zimbabwe was $7 million in 2019. The industrial sector is one of the most valuable sectors in the nation after contributing about 25.1% of the total gross domestic product (GDP) of $16.29 . 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. Interested parties can check a list of upcoming seminars and webinars or reference BIS provided online training. Top Origin (2019) South Africa $1.97B. These checks might be completed prior to the export of items pursuant to a BIS export license in the form of a Pre-License Check (PLC) or following an export from the U.S. during a Post-Shipment Verification (PSV), regardless of whether or not a BIS license was required. Zimbabwe Trade Statistics including exports and imports by partner and products, tariffs and relevant development indicators. BISs Export Control Officers (ECOs) located at U.S. embassies and consulates in seven overseas locations also conduct outreach to raise awareness of reexport control requirements with foreign business communities. Zimbabwe exported about 17 443 tonnes of raw sugar to . Among all the top products exported from Zimbabwe, Nickle contribute to 5.52% of total trade value, equal to US$323,939 thousand. Land reform caused a collapse in Zimbabwe's tobacco crop, its main agricultural export. The Zambezi River is the northern border of Zimbabwe. Zimbabwe exports for 2017 was $3.46B, a 15.64% decline from 2016. The sector's exports were mainly driven by cotton and cotton yarn exports which increased from US$29.1 million to US$85.7 million in 2021. 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. Zimbabwes rate of inflation rose sharply from 0.53 percent in December 2017 to 42.1 by December 2018 thanks to high government borrowing for much of 2018, resulting in high growth in money supply, as well as the pass-through effect of the black-market currency depreciation. In 2016, imports accounted for more . Official websites use .gov Major exports include gold, tobacco, metal alloys, cotton, and sugar. Major exports include gold, tobacco, metal alloys, cotton, and sugar. Recent developments. Zimbabwe is one of the largest producers of tobacco in Africa, exporting $782m in the 2020 season. However, in 2017 and 2018, the government introduces measures that restricted imports resulting in a decline in the current account deficit. The U.S. goods trade deficit with Zimbabwe was $7 million in 2019. Facing a Foreign Trade AD/CVD or Safeguard Investigation? Since 2009, Zimbabwe ran large trade deficits which, along with declining remittances, resulted in a widening current account deficit. Both of these resources are publicly available, and their dissemination to industry members is highly encouraged to help promote EAR compliance. Exports FDI, net inflows GDP Growth Rate GDP Per . USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. Zimbabwe Consumer goods imports are worth US$ 1,606 million, product share of 31.81%. 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. Highlands. APDF readeris available from Adobe Systems Incorporated. What does South Africa export to Zimbabwe? For example, Zimbabwe's Exports rank is higher than 42.25% of the countries in the dataset. Zimbabwe's economy depends heavily on its mining and agriculture sectors. As the 2020-2021 tobacco selling season commenced, tobacco exports shot up to 21.8 % in May 2021 from 9.1 % in April 2021. Data are in current U.S. dollars. 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. Zimbabwe's strategic geographic location in southern Africa offers untapped opportunities for local industries to export easily into neighbouring countries. The Eastern and Southern African Trade and Development (TDB) has extended a 3-year USD 10 million trade finance line of credit to support NMB Bank's corporate clients in export-focused sectors of the economy. The main destination of Gold exports from Zimbabwe are: United Arab Emirates ($1.3B), South Africa ($412M), Hong Kong ($9.88M), and Israel ($228k). Major export commodities are tobacco and horticulture. 2012. and four major lithium projects are currently under development. Download Historical Data. The Zimbabwe Stock Exchange deals in both government securities and the securities of privately owned companies. The sector is an important contributor to the country's export activities, with . 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 . It also has some gold, cotton, and chrome. Zimbabwe Major Exports Top Import (2019) Refined Petroleum $1.35B. The first table below shows top trading partners of Zimbabwe in terms of export sales (selling), including South Africa, Netherlands, and Botswana. Zimbabwe, self-sufficient in food production and a major exporter of wheat, tobacco, and corn to the 14-member Southern African Development Community, to other African countries and the wider world before 2000, saw its exports plummet. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Biotechnology Research and Development Laboratories/Services Agriculture, Medical Laboratory Supplies and Equipment, Licensing Requirements for Professional Services, https://www.bis.doc.gov/index.php/enforcement/oea/eco. Contact Supplier Blakeney Farm. 1401 Constitution Ave NW These sessions range from one to two-day seminars that focus on the basics of exporting to coverage of more advanced, industry specific topics. The primary source of the rest of the data, with the exception of the black market As a result, the government has registered an average monthly primary surplus of $100 million since September 2018. 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. Carved on their faces are visible marks of sorrow as they . According to the agency, South Africa (SA) was the major trading partner with Zimbabwe. In 2001, Zimbabwe was the world's sixth-largest producer of tobacco, behind only China, Brazil, India, the United States and Indonesia. 9.67% . A list of other agencies involved in export control can be found on the BIS website and in Supplement No. 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.
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