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    South Africa prevails Zimbabwe’s biggest trading confederate

    Posted On 15 Feb 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    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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    8 Comments

    1. William February 15, 2021 at 2:27 am Reply

      Thank you for the newsletters. Enjoy reading them. William in Manchester, UK

      • New Africa Business News, Staff Correspondent February 15, 2021 at 2:28 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Albert February 15, 2021 at 2:35 am Reply

      Zimbabwe and all other countries in the continent, started trading with each other in a great mass way. Thank to new Africa free trade. And thanks for the report. MONROVIA, LIBERIA. Albert

      • New Africa Business News, Staff Correspondent February 15, 2021 at 2:36 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Marisa February 15, 2021 at 2:40 am Reply

      Thank you for covering our beautiful Zimbabwe. Harare, Zimbabwe. Marisa

      • New Africa Business News, Staff Correspondent February 15, 2021 at 2:42 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Ejo February 15, 2021 at 2:45 am Reply

      Thank you for the news and please continue covering the whole Continent. Ejo, Accra, Ghana

      • New Africa Business News, Staff Correspondent February 15, 2021 at 2:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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