Exports decreased by 1.7%, while imports decreased by 13.1%
The country recorded a trade surplus of K3.7 billion in July 2022 compared to a surplus of K2.1 billion in June 2022 (see Table 10), indicating a 73.0 percent increase in the surplus.
Exports mainly comprising domestically produced goods, decreased by 1.7 percent to K15.9 billion in July 2022 from K16.2 billion in June 2022. This was mainly on account of a 3.5 percent decrease in export earnings from Intermediate goods (see Table 2.2 in Annex).
Imports decreased by 13.1 percent to K12.2 billion in July 2022 from K14.1 billion in June 2022. This was mainly as a result of decreases in import bills of Consumer goods, Capital goods and Intermediate goods of 25.2, 22.5 and 7.1 percent, respectively (see Table 2.5 in Annex).
Table 10: Total Exports, Imports and Trade Balance, Jan – Jul 2022 (K’ Billion)
|Months||Imports(CIF)||Domestic Exports(FOB)||Total Exports(FOB)||Trade Balance|
Source: ZamStats, 2022
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