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News
Home Uncategorized February 2023 records a Trade Surplus-(K2.8 bn)
Uncategorized
ZamStats March 30, 2023

February 2023 records a Trade Surplus-(K2.8 bn)

The country recorded a trade surplus of K2.8 billion in February 2023 compared to a surplus of K6.1 billion in January 2023 (see Table 15).

Exports mainly comprising domestically produced goods, decreased by 13.8 percent to K18.1 billion in February 2023 from K21.0 billion in January 2023. This was mainly on account of a 10.7, 33.0, 22.5 and  47.4 percent decrease in export earnings from Intermediate goods, Raw Materials, Consumer goods and Capital goods, respectively (see Table 2.2 in Annex).  

Imports increased by 2.7 percent to K15.3 billion in February 2023 from K14.9 billion in January 2023. This was mainly as a result of 33.2, 4.0 and 5.3 percent increases in import bills of, Capital goods Consumer goods and Raw Materials, respectively (see Table 2.2 in Annex).

Table 15: Total Exports, Imports and Trade Balance, Feb. 2023 (K’ Billion)
Months Imports Domestic Exports Total Exports Trade Balance
Jan-22ÂŪ 10.2 16.5 17 6.9
Feb-22ÂŪ 11.1 17 17.4 6.3
Mar-22ÂŪ 12.7 18.1 19 6.3
Quarter1ÂŪ 34 51.6 53.5 19.5
Apr-22ÂŪ 12.2 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 40.2 47.8 50.8 10.6
Jul-22ÂŪ 12.3 15.1 16.3 4
Aug-22ÂŪ 12.1 14.4 15.8 3.7
Sep-22ÂŪ 13.1 13.4 14.7 1.6
Quarter3ÂŪ 37.5 42.9 46.8 9.3
Oct-22ÂŪ 12.3 14.1 15.2 2.9
Nov-22ÂŪ 13.4 15.3 16.2 2.8
Dec-22ÂŪ 15.2 13.9 14.7 -0.5
Quarter4ÂŪ 40.9 43.3 46.1 5.2
Total:ÂŪ 152.7 185.6 197.2 44.5
Jan-23* 14.9 19.8 21 6.1
Feb-23ÂŪ 15.3 17.1 18.1 2.8
Total Jan-Feb,23 30.2 36.9 39.1 8.9

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-242-of-2023-The-Monthly-May.pdf
  • Vol-241-of-2023-The-Monthly-April.pdf
14
Overall Monthly Inflation Rate at 1.0 PercentMarch 30, 2023
Year-on-Year Inflation for April 2023 at 10.2 PercentMay 4, 2023

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