June 2022 records a Trade Surplus

The country recorded a trade surplus of K2.2 billion in June 2022 compared to a surplus of K3.4 billion in May 2022 (see Table 13), indicating a 36.0 percent decrease in the surplus.

Exports mainly comprising domestically produced goods, decreased by 6.3 percent to K16.2 billion in June 2022 from K17.3 billion in May 2022. This was mainly on account of a 9.0 11.5 and 0.4 percent decrease in export earnings from Intermediate goods, Capital goods and Consumer goods, respectively (see Table 2.2 in Annex).

 Imports increased by 0.9 percent to K14.1 billion in June 2022 from K13.9 billion in May 2022. This was mainly as a result of 52.7 percent increases in import bills of Capital goods (see Table 2.6 in Annex)

Months Imports Domestic Exports Total Exports Trade Balance
Jan-22 10.2 16.2 16.7 6.5
Feb-22 11.1 16.6 17.1 6.0
Mar-22 12.7 17.8 18.7 6.0
Quarter1 34.0 50.6 52.5 18.5
Apr-22 12.4 15.6 16.3 3.9
May-22 13.9 16.2 17.3 3.4
Jun-22* 14.1 14.9 16.2 2.2
Quarter2 40.4 46.8 49.8 9.4
Total: 74.4 97.3 102.3 27.9

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July 2022 Overall Monthly Inflation Decreased to 0.4 Percent

Overall monthly inflation for July 2022 was recorded at 0.4 percent compared with 0.9 percent the previous month. This outturn was mainly attributed to price decreases in some food items.

Monthly Inflation Rates for Food and Non-Food Items, July 2021-July 2022
Monthly food inflation for July 2022 was 0.3 percent, a decrease of 0.9 percentage points from 1.2 percent in June 2022. This development was mainly attributed to the general decrease in prices of items such as Bread and Cereal (Breakfast Mealie meal, Roller Mealie meal, Maize grain, Rice local Cassava meal); Vegetables (Chinese Cabbage, Cassava leaves, Cabbage, Tomatoes, Eggplant, Carrots, Irish potatoes, Cassava roots, beans). Monthly non-food inflation for July 2022 was recorded at 0.7 percent from 0.6 percent in June 2022. This outturn was mainly attributed to an increase in prices of non-food items such as Fuels & lubricants (Diesel, Petrol, Engine oil); Passenger transport by road (Mini bus fare, Coach fare,) and Paraffin purchases. (see Table 5).

Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, July 2021-July 2022 (%)

Weight: July-

2021

Aug-

2021

Sep-

2021

Oct-

2021

Nov-

2021

Dec-

2021

Jan-

2022

Feb-

2022

Mar-

2022

Apr-

2022

May-

2022

June-

2022

July-

2022

Total 1,000.00 0.3 0.4 -0.5 0.4 0.6 0.6 2.6 1.7 0.8 0.7 0.8 0.9 0.4
Food 534.85 0.2 0.9 -0.8 0.4 0.9 0.7 3.1 1.9 0.9 1.1 0.9 1.2 0.3
Non-Food 465.15 0.4 -0.4 0.0 0.5 0.3 0.5 1.9 1.5 0.6 0.1 0.8 0.6 0.7

 

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Year-on-Year Inflation for July 2022 Increases to 9.9 Percent

Annual inflation for July 2022 increased to 9.9 percent from 9.7 percent recorded in June 2022. This means that on average, prices of goods and services increased by 9.9 percent between July 2021 and July 2022. The increase in annual inflation was mainly explained by price movements in non-food items.

 

Annual Food and Non-Food Inflation
Annual food inflation for July 2022 was recorded at 12.0 percent from 11.9 percent in June 2022. This development was mainly attributed to price movements in food items such as Fish (Buka buka, Fresh Kapenta, Dried bream, Dried Kapenta); Fruits (Orange, Lemon, Banana, Pawpaw) and cooking oil. Annual non-food inflation for July 2022 was recorded at 7.2 percent from 6.9 percent in June 2022. This outturn was mainly on account of price movements in non-food items such as Garments (Men’s
shirt imported, Men’s trousers imported, ladies skirt imported, Ladies dress imported), Fuels and Lubricants (Diesel, Petrol, Engine oil); Cooking oil, and Charcoal.

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2022 CENSUS RECRUITMENT ADVERT FOR SHORT TERM JOBS

The Government of the Republic of Zambia through the Zambia Statistics Agency (ZamStats) will be conducting its sixth Census of Population and Housing (CPH) in August this year. The CPH is the most extensive field operation of all national data collection efforts.

The Zambia Statistics Agency wishes to invite applications from suitably qualified persons to fill the following temporal 2022 Census jobs across the country.

Job Title

  1. Zonal Census Coordinator (ZCC) (1,800) – 
  2. Census Supervisors/ Enumerator (45,000) –

Application Guidelines

 

 

 

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President Hakainde Hichilema visits the ZamStats desk at the 2022 Zambia International Trade Fair

The Zambia Statistics Agency (ZamStats) has assured President Hakainde Hichilema that it is ready for the 2022 Census of Population and Housing that is scheduled for 18th August to 14th September 2022.

ZamStats Interim Statistician General Mulenga Musepa said this when the Head of State toured the ZamStats desk at the ongoing Zambia International Trade Fair (ZITF) in Ndola.

Mr Musepa informed the President and his entourage that the Agency is currently training the District Census Coordinators to oversee the census processes in the districts and added that census equipment such as bicycles and motorbikes have been dispatched to the districts in readiness for the census.

The Zamstats Interim Statistician General took advantage of the head of State’s visit to the ZamStats desk to share on milestones made towards conducting the 2022 Census.

And President Hichilema emphasized that his administration placed premium importance on 2022 Census as this was key to provision of timely relevant information for national policy formulation.

President Hichilema said he looked forward to a successful 2022 Census exercise to help government plan well for national development.

The 2022 ZITF under the theme ‘ promoting value addition for sustainable growth’, was officially opened by President Hakainde Hichilema.

 

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Zambia recorded a trade surplus of K3.4 billion in May 2022

Zambia recorded a trade surplus of K3.4 billion in May 2022 compared to a surplus of K3.9 billion in April 2022 (see Table 13), indicating a 14.1 percent decrease in the surplus.

Exports mainly comprising domestically produced goods, increased by 5.9 percent to K17.3 billion in May 2022 from K16.3 billion in April 2022. This was mainly on account of a 15.9 and 5.8 percent increase in export earnings from Raw materials and Intermediate goods, respectively (see Table 2.2 in Annex).

Imports increased by 12.2 percent to K13.9 billion in May 2022 from K12.4 billion in April 2022. This was mainly as a result of 23.1 and 18.4 percent increases in import bills of Intermediate goods and Raw materials, respectively (see Table 2.5 in Annex).

Table 13: Total Exports, Imports and Trade Balance, Jan 2021 to May 2022 (K’ Billion)
Months Imports(CIF) Domestic Exports(FOB) Total Exports(FOB) Trade Balance
Jan-22 10.2 16.2 16.7 6.5
Feb-22 11.1 16.6 17.1 6.0
Mar-22 12.7 17.8 18.7 6.0
Quarter1 34.0 50.6 52.5 18.5
Apr-22 12.4 15.6 16.3 3.9
May-22* 13.9 16.2 17.3 3.4
Total (Jan-May): 60.3 82.4 86.1 25.8

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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Year-on-Year Inflation for June 2022 Hits single digit at 9.7 Percent

Annual inflation for June 2022 decreased to 9.7 percent from 10.2 percent recorded in May 2022. This means that on average, prices of goods and services increased by 9.7 percent between June 2021 and June 2022 (see Figure 2). The slowdown in annual inflation was mainly attributed to price movements in both food and non-food items.

Figure 2: Annual Inflation Rate, June 2021-June 2022 (%)

Annual Food and Non-Food Inflation

Annual food inflation for June 2022 was recorded at 11.9 percent compared to 12.3 percent in May 2022 (see Figure 3). This development was mainly attributed to price movements in food items such as Cereals (Imported Rice, Local Rice, Bread & Buns), Meat (Brisket, Rump steak, Fillet steak, Mixed Cut, T-bone) Chicken (Chicken frozen, Live Chicken,); and Vegetables (Spinach, Cassava leaves, Chinese Cabbage, Okra, Cabbage and Tomatoes).

The annual non-food inflation for June 2022 was recorded at 6.9 percent from 7.5 percent in May. This outturn was mainly on account of price movements in non-food items such as Garments (Mens shirt imported, Mens trousers imported, ladies skirt imported, Ladies bra), Purchase of Vehicles (Toyota Hilux, Nissan Almera, Nissan Hardbody), and Charcoal.

Figure 3: Annual Food and Non Food Inflation, June 2021-June 2022 (%) 

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Overall monthly inflation increased to 0.9% in June 2022

Overall monthly inflation for June 2022 was recorded at 0.9 percent compared with 0.8 percent the previous month (see Figure 4). This outturn was mainly attributed to price increases in some food items.

Monthly Inflation Rates for Food and Non-Food Items, June 2021-June 2022

Monthly food inflation for June 2022 was 1.2 percent, an increase of 0.3 percentage points from 0.9 percent in May 2022. This development was mainly attributed to the general increase in prices of items such as Fish (Frozen fish, Buka buka, Fresh kapenta, Dried kapenta), Milk, Cheese & Eggs and Cooking oil imported.

Monthly non-food inflation for June 2022 was recorded at 0.6 percent from 0.8 percent in May 2022. This outturn was mainly attributed to a decrease in prices of non-food items such as Garments (Men’s trousers, Men’s socks, Gents two-piece suit, Men sweater local, Ladies dress Imported lady’s skirts); Charcoal and Purchase of vehicles (Toyota Hilux, Nissan Almera, Nissan Hard body) (see Table 8).

Table 8: Overall Monthly Inflation Rate for Food and Non-Food Items, June 2021-June 2022 (%)
Weight: June- 2021 July- 2021 Aug- 2021 Sep- 2021 Oct-

2021

Nov-

2021

Dec-

2021

Jan-

2022

Feb-

2022

Mar-

2022

Apr-

2022

May-

2022

June-

2022

Total 1,000.00 1.3 0.3 0.4 -0.5 0.4 0.6 0.6 2.6 1.7 0.8 0.7 0.8 0.9
Food 534.85 1.5 0.2 0.9 -0.8 0.4 0.9 0.7 3.1 1.9 0.9 1.1 0.9 1.2
Non-

Food

465.15 1.1 0.4 -0.4 0.0 0.5 0.3 0.5 1.9 1.5 0.6 0.1 0.8 0.6
District Prices for Selected Products, June 2022

The Consumer Price Basket consists of 440 items which are spread across selected outlets in all the 116 districts of Zambia. Over 23,000 price quotations are collected from these outlets between 1st and 10th of every month. The minimum and maximum prices for selected products by district are highlighted in Table 9.

Product Description Unit of Measure Price (K) Minimum Price (K) Maximum
   
      `Location   Location
Breakfast Mealie Meal 25 kg K 138.00 Nyimba, Choma K200.00 Chienge, Mporokoso
Roller Mealie Meal 25 kg 100.00 Lusaka 175.00 Chienge, Mambwe
Maize Grain 20 litre tin 40.00 Katete,Lundazi 100.00 Kitwe, Mufulira
Cooking Oil 2.5 Litres 100.00 Monze 182.00 Ndola
Charcoal 50 kg bag 35.00 Mporokoso 250.00 Lusaka
Cement 50 kg 123.00 Ndola 180.00 Lukulu

See monthly bulletin for more details

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Economy Grows by 2.4 Percent in the First Quarter of 2022

First Quarter 2022 Industry Value Added at Constant 2010 Prices

Gross Domestic Product (GDP) estimates for the first quarter of 2022 show that the economy grew by 2.4 percent from a 1.8 percent growth in first quarter of 2021.  The 2022 Q1 growth represents a 0.6 percent increase in growth compared to the 2021 Q1 growth. The estimates are based on the year- on-year comparison of GDP at constant 2010 prices (see Figure 1).

Figure 1: Quarterly GDP Growth Rates at Constant 2010 Prices, Q1 2020-Q1** 2022 (%)

Industry Contribution to the 2.4 % growth in Q1 2022

The growth was mainly attributed to the performance of six industries, which posted positive contributions to overall growth. These were Public Administration 1.9 percentage points, Education 1.9 percentage points, Information & communication 0.7 percentage points, Electricity generation percentage points, Accommodation 0.1 percentage points and Real estate 0.1 percentage points. Despite this positive growth, Mining & quarrying, Construction, and Agriculture, forestry & fishing and Manufacturing, posted negative contributions to growth with 0.9, 0.9, 0.5 0.2 percentage points, respectively. Others were the Professional, scientific & technical services (-0.1 percentage points) and Wholesale and retail trade (-0.1 percentage points).  See bulletin for more details 

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