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The country recorded a trade deficit of K3.1 billion in October 2024 compared to the deficit of K1.7 billion recorded in September 2024. (see Table 10).
Exports mainly comprising domestically produced goods, increased by 5.6 percent from K24.2 billion in September 2024 to K25.6 billion in October 2024. This was mainly on account of 39.0, 2.4 and 22.5 percent increases in export earnings from Raw materials (Nickel ores and concentrates), Intermediate goods(Copper anodes) and Consumer goods (Aerated Waters) respectively.
Imports increased by 10.7 percent from K25.9 billion in September 2024 to K28.7 billion in October
2024.This was mainly as a result of a 19.0,12.2 and 19.6 percent increases in import bills of Consumer goods (Gas oils.), Intermediate goods (Electrical energy) and Raw materials (other Zinc concentrates) respectively (see Table 2.2 in Annex).
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 |
Total: | 233.0 | 224.9 | 235.4 | 2.4 |
Source: ZamStats, 2024
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