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The country recorded a trade Surplus of K1.38 billion in July 2024 compared to a surplus of K1.37. (see Table10).
Exports mainly comprising domestically produced goods, increased by 4.7 percent from K24.7 billion in June 2024 to 25.8 billion in July 2024. This was mainly on account of 4.6 and 18.7 percent increase in export earnings from Intermediate goods and Consumer goods, respectively.
Imports increased by 4.9 percent from K23.3 billion in June 2024 to K24.4 billion in July 2024. This was mainly as a result of a 17.6 and 6.8 percent increase in import bills of Capital goods and Intermediate goods, respectively (see Table 2.2 in Annex).
Table 10: Total Exports, Imports and Trade Balance, Jul. 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 |
March-24® | 18.9 | 19.8 | 21.5 | 2.6 |
Quarter1® | 59.6 | 57.0 | 60.7 | 1.1 |
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 | 1.37 |
Quarter2 | 69.1 | 71.4 | 74.5 | 5.4 |
Jul-24* | 24.4 | 25.0 | 25.8 | 1.38 |
Total: | 153.2 | 153.3 | 161.0 | 7.8 |
Source: ZamStats, 2024
Note: Trade data is 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