The Country Recorded a Trade Surplus of K2.31 Billion in August 2023
The country recorded a trade surplus of K2.31 billion in August 2023 compared to a surplus of K2.33 billion in July 2023 (see Table 15).
Exports mainly comprising domestically produced goods, increased by 9.1 percent to K19.1 billion in August 2023 from K17.5 billion in July 2023. This was mainly on account of 7.9, 17.2, 16.2 and 13.1 percent increases in export earnings from Intermediate goods, Raw materials, Capital goods and Consumer goods, respectively (see Table 2.2 in Annex).
Imports increased by 10.7 percent to K16.8 billion in August 2023 from K15.1 billion in July 2023. This was mainly as a result of 12.4, 19.8, 5.0 and 6.7 percent increases in import bills of Consumer goods Capital goods, Intermediate goods, and Raw materials, respectively (see Table 2.2 in Annex).
Table 15: Total Exports, Imports and Trade Balance, Aug. 2023 (K’ Billion)
|Months||Imports||Domestic Exports||Total Exports||Trade Balance|
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