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Exports To Zimbabwe Grow 24.4% to Reach 336B Meticals By 2022

Exports To Zimbabwe Grow 24.4% to Reach 336B Meticals By 2022

Mozambique’s exports to Zimbabwe have grown significantly by 24.4% over the last six years, reaching a total of 21.2 billion meticals in 2022, according to the Carta de Moçambique portal .

Among the main products exported by Mozambique to Zimbabwe are soya oil, worth 5.9 billion meticals, and refined petroleum, which reached 3.8 billion meticals.

On the other hand, Zimbabwe exported goods valued at 7.5 billion meticals to Mozambique in the same period, the main products being processed tobacco (1.7 billion meticals), minerals (1.6 billion meticals) and ferroalloys (1.4 billion meticals). However, exports from the neighbouring country have fallen by 2.9% annually over the last six years, from 22 billion meticals in 2017 to 7.5 billion in 2022.

The data was released by the Observatory of Economic Complexity, an online platform that analyses and distributes information on international trade.

The statistics were revealed on the eve of President Filipe Nyusi’s visit to Harare, where he will inaugurate the Zimbabwe Agricultural Fair.

According to the information, despite the growth in Mozambican exports, trade relations between the two countries still face challenges, as evidenced by the Zimbabwe Institute of Statistics (ZIMSTAT), which indicated that the country’s exports to Mozambique will double in 2023, rising from 12 billion meticals in 2022 to 25.2 billion.

During the 114th edition of the Zimbabwe Agricultural Fair, President Nyusi will strengthen trade and bilateral ties between the two countries. The event is expected to attract more than 200,000 visitors and will be attended by international exhibitors and companies from both Mozambique and Zimbabwe, with the aim of increasing economic and commercial co-operation in the region.

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