Zimbabwe’s trade deficit soars

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ZIMBABWE’S trade deficit widened by US$567 million to US$2,06 billion in 2022 as the growth in imports outpaced the rise in exports.
The southern African country has persistently recorded trade deficits since 2009, and official data shows that its cumulative shortfall over the period has breached US$22 billion.

Latest data from the Zimbabwe Statistics Agency (Zimstat) shows that the country’s exports grew by 9,1 percent to US$6,58 billion, while imports were up by 15 percent to US$8,65 billion.