Zambia records trade deficit

  1. Posted on Monday 9 November 2009 - 12:21
    Sanday
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    Sanday Chongo Kabange, AfricaNews reporter in Lusaka, Zambia
    Zambia recorded a trade deficit valued at US$63,879,957 (K298.4 billion) in October, 2009. This means that the country exported less in October, 2009, than it imported in value terms.
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    The country’s major export products in October, 2009 – by International Standard Industrial Classification – were, under the manufacturing sector, accounting for 88.4% of which the prominent one was the manufacturing of basic precious and non-ferrous metals, with 76.5%.

    Other notable products in manufacturing were dairy products, sugar, soap and detergents. Other major export products were from the mining and quarrying, agriculture, hunting and forestry sectors.

    Copper continued to remain Zambia’s major export which accounted for 65.4% of the country’s total export earnings in October, 2009.

    The five major destinations of Zambia’s exports in October were Switzerland (54.1%), Congo DR (11.7%), South Africa (9.4%), China (4.8%) and Egypt (3.4%)

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