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December 2024 records a Trade Deficit

 

The country recorded a trade deficit of K3.3 billion in December 2024 compared to the surplus of K1.1 recorded in November 2024. (see Table10).

Exports mainly comprising domestically produced goods, decreased by 14.2 percent from K31.5 billion in November 2024 to K27.0 billion in December 2024. This was mainly on account of decreases in export earnings from Intermediate goods by 14.8 percent, Raw materials (17.0 percent), and Consumer goods (2.8 percent), respectively.

Imports decreased by 0.4 percent from K30.4 billion in November 2024 to K30.3 billion in December 2024. This was mainly as a result of decreases in import bills of Raw materials by 20.3 percent and Consumer goods (3.8 percent), respectively (see Table 2.2 in Annex).

Table 10: Total Exports, Imports and Trade Balance, Dec. 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

Mar-24®

 

18.9

19.8

21.5

2.6

Quarter1®

 

59.6

57.0

60.7

1.0

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

Sep-24®

 

25.9

23.4

24.2

-1.7

Quarter3®

 

75.6

72.1

74.7

-0.9

Oct-24

 

28.7

24.5

25.6

-3.1

Nov-24

 

30.4

30.1

31.5

1.1

Dec-24*

 

30.3

25.7

27.0

-3.3

Quarter4

 

89.4

80.3

84.1

-5.3

Total:

 

293.7

280.8

293.9

0.2

 Source:ZamStats, 2025

Note: (*) Provisional, (®) Revised

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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