April 2022 records a Trade Surplus
Zambia recorded a trade surplus of K3.9 billion in April 2022 compared to a surplus of K6.0 billion in March 2022 (see Table 10), indicating a 34.6 percent decrease.
Exports mainly comprising domestically produced goods, decreased by 12.6 percent to K16.3 billion in April 2022 from K18.7 billion in March 2022. This was mainly on account of a 19.3 and 13.9 percent decrease in export earnings from Consumer goods and Intermediate goods, respectively.
Imports equally decreased by 2.2 percent to K12.4 billion in April 2022 from K12.7 billion in March 2022. This was mainly as a result of 15.9 percent decrease in imports of Intermediate goods (mainly copper related) .
Table 10: Total Exports, Imports and Trade Balance, Jan. 2021 to Apr. 2022 (K’ Billion)
|Months||Imports(CIF)||Domestic Exports(FOB)||Total Exports(FOB)||Trade Balance|
Source: ZamStats, 2022
Note: These trade data are compiled based on the General Trade System
Domestic Exports-These are Commodities grown, produced or manufactured locally including commodities imported from foreign countries that have been significantly changed or enhanced in value. Re-Exports=Total Exports-Domestic Exports. (*) Provisional