ZIMBABWE’S trade deficit jumped to US$217,7 million in February 2025, as both imports and exports continued to decline.This comes as low production has hampered the country, and the informal sector has flooded the market with smuggled goods, which disproportionately burdens manufacturers with taxes and other costs.Consequently, retailers import many products to cut operating expenses.The Zimbabwe…
Zimbabwe’s trade deficit widens
According to the Zimbabwe National Statistics Agency (ZimStat) latest data, July exports surged by 21,3 percent to reach US$877,5 million, up from US$723,5 million in June.