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South Africa prevails Zimbabwe’s biggest trading confederate
Posted On 15 Feb 2021
By Abdul Rahman Bangura–
Photo Credit: Word Travels
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– South Africa continues to be Zimbabwe’s enormous trading backer, after Zimbabwe’s imported 39% of the $4.39 billion total exports from the neighboring nation in 2020. Irrespective of the Novel Coronavirus (Covid-19) pandemic’s unfavorable consequence on needs around the world, the neighboring nation has prevailed an important export objective of commodities from Zimbabwe.
In 2020, the nation also enhanced the importance of its exports from $4.28 billion in 2019, expressing employment soundness amongst the Novel Coronavirus pandemic. Moreover, The national marketing growth and advancement organization, ZimTrade announces, this demonstrates that particular corporations have the probable to accomplish distant much nicer if the climate was encouraging.
“With regards to markets, Zimbabwe’s major export destinations in 2020 were South Africa (39%), United Arab Emirates (20%), Mozambique (9%), Uganda (3% ), Belgium (2%), Zambia (1%), Botswana (1%) and Kenya (1%),” announced ZimTrade in an announcement.
The agency asserted, exports to Zimbabwe’s extra neighboring country, Mozambique proceeded to fulfill an upward tendency documenting a 15% boost from $354 million in 2019 to $408 million in 2020. Additional demands that beget, discerned a signify meaningful in exports comprise, the United Arab Emirates (UAE), Uganda, Belgium,
Kenya, Tanzania, Angola, and Ukraine.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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