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The country recorded a trade deficit of K0.6 billion in August 2024 compared to the Surplus of K1.4 billion recorded in July 2024. (see Table10).
Exports mainly comprising domestically produced goods, decreased by 4.6 percent from 25.8 billion in July 2024 to 24.6 billion in August 2024. This was mainly on account of decreases in export earnings from Intermediate goods by 3.2percent, Raw materials (16.9 percent), Consumer goods (16.9 percent) and Capital goods (29.3 percent).
Imports increased by 3.2 percent from K24.4 billion in July 2024 to K25.2 billion in August 2024.This was mainly as a result of increases in import bills of Intermediate goods by 6.6 percent, Consumer goods (2.4 percent) and Capital goods (0.4 percent) (see Table2.2 in Annex).
Table 10: Total Exports, Imports and Trade Balance, Aug. 2024 (K’ Billion)
Months | Imports | Domestic Exports | Total Exports | Trade Balance |
Jan-24® | 19.8 | 20.3 | 21.7 | 1.9 |
Feb-24® | 20.9 | 16.9 | 17.4 | (3.5) |
March-24® | 18.9 | 19.8 | 21.5 | 2.6 |
Quarter1® | 59.6 | 57.0 | 60.7 | 1.1 |
Apr-24® | 20.4 | 21.9 | 22.7 | 2.3 |
May-24® | 25.4 | 26.2 | 27.1 | 1.8 |
Jun-24® | 23.3 | 23.3 | 24.7 | 1.4 |
Quarter2 | 69.1 | 71.4 | 74.5 | 5.4 |
Jul-24® | 24.4 | 25.0 | 25.8 | 1.4 |
Aug-24* | 25.2 | 23.8 | 24.6 | (0.6) |
Total: | 178.4 | 177.1 | 185.6 | 7.2 |
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
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