tawandamusarurwa
Online Reporter
The growth in export volumes and range of products being shipped to foreign markets is a direct result of the country’s National Export Strategy, which is designed to improve export competitiveness and value addition in line with Vision 2030.
Statistics from the Zimbabwe National Statistics Agency (ZimStat) show that the country’s exports grew by 12,8 percent to US$4,2 billion between January and August this year, from US$3,8 billion in 2021.
In an interview with The Sunday Mail Online, ZimTrade CEO Mr Allan Majuru said there is continued export growth in emerging and non-traditional markets.
“We have recorded positive results from outward buyer missions, especially in terms of the visibility of Zimbabwean products in export markets,” he said.
Exports of manufactured or valued-added products increased to US$237,8 million during the same period, from US$202,3 million last year, reflecting a 17,6 percent growth.
Mr Majuru said the growth has mainly been supported by the heightened search for markets for Zimbabwean products in countries such as the United Arab Emirates (UAE), China, Belgium and Italy.
Zimbabwe’s exports to the UAE between January to September 2022 rose to US$1,38 billion, which is a significant growth from US$501 million in 2019.
Exports to China have also grown to around US$454 million between January and August 2022, compared to just US$12 million in 2019.
Online Reporter