trade
trade

Zimbabwe’s trade deficit widened during the first quarter of 2021 to 354 million U.S. dollars from 254 million dollars recorded during the same period last year, according to a 2021 first quarter treasury bulletin released by the Ministry of Finance on Thursday.

The country exported goods worth about 1.1 billion dollars during the first quarter, against imports of about 1.4 billion dollars.

“Mineral exports dominated in the top 20 export products at 84 percent, with nickel ores and mates, ferrochromium, industrial diamonds, platinum, coal products registering growth.”

“On the downside were gold, flue-cured tobacco and other tobacco products,” the report said.

The country’s exports were mainly destined to countries including South Africa, the United Arab Emirates and Mozambique.

The country’s import basket was dominated by crude soya bean oil, fertilizers, medicaments and wheat as the COVID-19 pandemic has resulted in increased demand for medicaments and PPEs, the report said.

The country’s imports were mainly sourced from countries including South Africa, China and Singapore. Enditem

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleFour killed in road accident in northern Tanzania
Next articleTanzania’s Zanzibar ready to accept COVID-19 vaccines
Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.

LEAVE A REPLY

Please enter your comment!
Please enter your name here