March 2023 records a Trade Surplus
The country recorded a trade deficit of K2.8 billion in March 2023 compared to a surplus of K2.8 billion in February 2023 (see Table 10).
Exports mainly comprising domestically produced goods, decreased by 5.8 percent to K17.0 billion in March 2023 from K18.1 billion in February 2023. This was mainly on account of 8.3 and 5.2 percent decreases in export earnings from intermediate goods and raw materials, respectively (see Table 2.2 in Annex).
Imports increased by 29.3 percent to K19.8 billion in March 2023 from K15.3 billion in February 2023. This was mainly as a result of 44.3, 23.5, 90.1 and 11.0 percent increases in import bills of, Capital goods, Intermediate goods, Raw Materials and Consumer goods, respectively (see Table 2.2 in Annex)
Table 10: Total Exports, Imports and Trade Balance, Mar. 2023 (K’ Billion)
|Months||Imports||Domestic Exports||Total Exports||Trade Balance|
|Quarter 1 *||50.1||52.8||56.1||6.0|
Source: ZamStats, 2023
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