Zimbabwe’s gold exports generated $748 million between January and May 2025, representing an increase of nearly 25% compared to the $599.2 million recorded during the same period last year. The figures were released this Thursday, July 3, by the Reserve Bank of Zimbabwe (RBZ), as reported by The Herald news portal.
Monthly performance showed steady growth through April. In January, the country exported gold worth $123.1 million, compared to $112 million in the same month of 2024, according to the RBZ.
In February, exports reached $117 million, a slight increase from $109 million the previous year. In March, the figure rose to $155.6 million, up from $82.2 million in March 2024.
April continued the upward trend, with exports totaling $183.3 million, significantly higher than the $102.6 million recorded in April last year. However, May saw a decline, with export values falling to $168.7 million, down from $193.5 million in May 2024.
Despite the dip in May, the total increase of $148.8 million compared to the same period in the previous year demonstrates the growing importance of the gold sector in Zimbabwe’s economy. “Gold is Zimbabwe’s main export product,” emphasized the central bank. In 2024, the country’s gold exports amounted to $1.5 billion, underscoring the strategic importance of the mining sector to national economic performance. The current figures point to an even greater contribution in 2025.
The growth in gold exports comes amid a regional focus on refining and processing fuels and minerals. The Lobito refinery, located in Angola’s Benguela province, is one of the infrastructures that could influence gold trade in Southern Africa.
Source: DE
