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News
Home Uncategorized December 2022 records a Trade Deficit
Trade Deficit (K0.5bn) posted in Dec 2022
Uncategorized
ZamStats January 28, 2023

December 2022 records a Trade Deficit

The country recorded a trade deficit of K0.5 billion in December 2022 compared to a surplus of K2.8 billion in November 2022 (see Table 10).

Exports, mainly comprising domestically produced goods, decreased by 9.2 percent to K14.7 billion in December 2022 from K16.2 billion in November 2022. This was mainly on account of a 10.1, 11.1, and 8.9 percent decrease in export earnings from Intermediate goods, Consumer goods, and Raw Materials, respectively (see Table 3.2 in Annex).

Imports increased by 13.0 percent to K15.2 billion in December 2022 from K13.4 billion in November 2022. This was mainly as a result of 13.5, 31.4, 0.7, and 3.4 percent increases in import bills of, Intermediate goods, Capital goods, Consumer goods, and Raw Materials, respectively (see Table 3.2 in Annex).

Table 10: Total Exports, Imports and Trade Balance, Jan. to Dec 2022 (K’ Billion)
Months Imports Domestic Exports Total Exports Trade Balance
Jan-22ÂŪ 10.2 16.5 17.0 6.9
Feb-22ÂŪ 11.1 17.0 17.4 6.3
Mar-22ÂŪ 12.7 18.1 19.0 6.3
Quarter1ÂŪ 34.0 51.6 53.5 19.5
Apr-22ÂŪ 12.3 15.9 16.7 4.4
May-22ÂŪ 13.9 16.6 17.6 3.7
Jun-22ÂŪ 14.1 15.3 16.6 2.5
Quarter2ÂŪ 40.3 47.8 50.8 10.6
Jul-22 12.2 15.1 16.3 4.0
Aug-22 12.1 14.4 15.8 3.7
Sep-22 13.1 13.4 14.7 1.6
Quarter3ÂŪ 37.4 42.9 46.8 9.4
Oct-22 12.3 14.0 15.2 2.8
Nov-22 13.4 15.3 16.2 2.8
Dec-22* 15.2 13.9 14.7 (0.5)
Quarter4ÂŪ 40.9 43.3 46.0 5.2
Total 152.6 185.5 197.1 44.5

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

Read more

  • Vol-239-of-2023-The-Monthly-February.pdf
2
Annual Inflation to 9.4% in January 2023 from 9.9% in December 2022Annual Inflation to 9.4% in January 2023 from 9.9% in December 2022January 27, 2023
Provincial Annual Inflation Rates, 2023 (%)January 28, 2023Provincial Annual Inflation Rates,  2023 (%)

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