Zim, SA trade deficit widens

2011-07-20 07:05

Zimbabwe’s trade deficit with South Africa increased more than seven-fold over the past four years to hit R13.6 billion last year, according to a report by the ministry of economic planning and investment promotion.

Last year, the country exported goods worth R1.3 billion to South Africa, while importing R15.1 billion worth of goods, Zimbabwe’s Herald Online reported today.

Zimbabwe in 2007 imported R1.9 billion worth of goods from South Africa, and the deficit between the two trade partners widened to date to around R13.6 billion.

This factor had been accentuated by the fact that Zimbabwe’s exports to South Africa had largely declined over the last few years.

Statistics showed that South Africa, which used to account for 22% of Zimbabwe’s exports in 2005, declined to 14% by the end of last year.

On the other hand, the South African market was the Zimbabwean industry’s main supplier of most key requirements from retail products, raw materials and loans.

Zambia continued to top Zimbabwe’s export destinations in the Southern African Development Community region at around 30% of the country’s overall export volumes.

The data showed that South Africa was currently in fourth position (down from second) in terms of Zimbabwe’s export destinations in the SADC region.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Meyer taking no chances
Butch happy with ‘best possible’ Bok side
Hooper slapped with one-match ban
Burgess dumped for last RWC game
Traffic Alerts

Are you burning the candle at both ends? Listen to your body and your emotional reactions. Know when to slow down or stop. It is a...read more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.