ZIMSTAT: Value Of Exports In Slight Increase
The Zimbabwe National Statistics Agency (ZIMSTAT) has announced that the value of the country’s total exports slightly increased in September 2020.
The Agency reports that the value of exports was US$398.8 million which translates to a 2.4% increase from the value of total exports in August 2020, which was about US$389.3 million.
Meanwhile, imports increased by 9.0% to US$441.4 million during the same period, up from US$404.9 million in August 2020.
The Agency also noted that the difference between the value of a country’s imports and exports (trade of balance – BOT) has been negative from February to September 2020.
A positive trade balance had been maintained for four months in a row at the end of 2019.
This is happening when the minister of Finance, Professor Mthuli Ncube projected that the country’s economy will not deteriorate to the level he had earlier projected.
He dismissed as mere opinion projections by the International Monetary Fund (IMF) which indicated that Zimbabwe’s economy will further deteriorate this year before regaining in 2021.
The Zimbabwean economy was already on a downward trend when the coronavirus emerged and worsened the situation.
More: ZIMSTAT Twitter
