Trade deficit widens as exports decline

Trade deficit widens as exports decline
Published: 21 February 2014

The trade deficit in the year to December widened to $4.19 billion with the country recording a 10% decline in exports. 

According to statistics from ZimStat, imports amounted to $7.704 billion while exports totalled $3.507 billion (2012: $3.88 billion). 

At half year, the country‚Äôs trade deficit was $2.37 billion after imports of $3.92 billion and exports amounted to $1.546 billion. 

Overall, the imbalance increased 16% last year from $3.6 billion in 2012. 

Exports were mainly skewed towards minerals and tobacco.

- Herald

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