Zimbabwe's trade deficit widens

Published: 05 July 2013
Zimbabwe's trade deficit for the four months to April widened to $1.6 billion after the country imported goods worth $2.62 billion against exports of $1.02 billion.

According to statistics released by ZimStat, South Africa was the country's main source of imports constituting 48% of the total imports.

Imports from the United Kingdom constituted 17% of total imports, China contributed 6% and the United States and Zambia contributed 4% each.

The main imports were fuel, fertiliser, petroleum oils, motor cars, mobile phone handsets and accessories as well as foodstuffs including milk products.

In the period, the country imported diesel worth $266.02 million, a decline from the $283.62 million imported in the first quarter of 2012.
- businessdaily
Tags: Tradedeficit,

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