TOTAL merchandise trade declined by 13,9 percent from $1,1 billion in November last year to $947,4 million in December due to a decline in stocks of both exports and imports, latest data has shown.
According to the Reserve Bank of Zimbabwe (RBZ) monthly economic review for December, released last week, merchandise exports declined by 20,6 percent to $374,7 million in December 2018, compared to $471,7 million recorded in the previous month.
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“This followed a 49,8 percent decrease in export earnings from flue-cured tobacco. Exports of gold, nickel mattes, ferro-chrome, chromium ores and concentrates, diamonds and platinum, however, registered increases during the month under review,” said RB
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