March 2022 records a trade surplus
Zambia recorded a trade surplus of K5.98 billion in March 2022 compared to a surplus of K6.0 billion in February 2022.
Exports mainly comprising domestically produced goods, increased by 9.2 percent to K18.7 billion in March 2022 from K17.1 billion in February 2022. This was mainly on account of a 21.1 and 10.1 percent increase in export earnings from Raw materials and Intermediate goods, respectively.
Imports increased by 14.1 percent to K12.7 billion in March 2022 from K11.1 billion in February 2022. This was mainly as a result of 48.4 and 22.0 percent increase in import bills of Raw materials and Intermediate goods, respectively.
Table 10: Total Exports, Imports and Trade Balance, Jan. 2021 to Mar. 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