Flag Zambia

Econ Complexity (2018): -0.7, Rank 103 of 137

Product Exports (2018): $11.4B, Rank 83 of 222

Exports Per Capita (2018): $660, Rank 14 of 219

Product Imports (2018): $9.13B, Rank 108 of 221

Imports Per Capita (2018): $526, Rank 20 of 219

Service Exports (2017): $855M, Rank 111 of 139

Service Imports (2017): $574M, Rank 115 of 139

GDP (2018): $26.7B, CURRENT US$
Rank 105 of 196

GDP growth (2008 - 2018): 49.2%, CURRENT US$
Rank 82 of 196

GDP PC (2018): $1,540, CURRENT US$
Rank 158 of 196

GDP PC GROWTH (2008 - 2018): 10.5%, CURRENT US$
Rank 121 of 196

Overview: In 2018 Zambia was the number 105 economy in the world in terms of GDP (current US$), the number 83 in total exports, the number 108 in total imports, and the number 103 most complex economy according to the Economic Complexity Index (ECI). In 2018, Zambia exported $11.4B and imported $9.13B, resulting in a positive trade balance of $2.32B. In 2018, Zambia's exports per capita were $660 and its imports per capita were $526.

Trade: The top exports of Zambia are Raw Copper ($5.42B), Refined Copper ($3.06B), Cobalt ($249M), Postage Stamps ($244M), and Raw Tobacco ($181M). The top imports of Zambia are Copper Ore ($1.04B), Refined Petroleum ($701M), Crude Petroleum ($383M), Delivery Trucks ($243M), and Nitrogenous Fertilizers ($200M).

Destinations: Zambia exports mostly to Switzerland ($3.81B), China ($1.48B), South Africa ($1.45B), Democratic Republic of the Congo ($819M), and Singapore ($569M), and imports mostly from South Africa ($2.77B), Democratic Republic of the Congo ($1.36B), China ($1.22B), United Arab Emirates ($589M), and India ($420M).

Location: Zambia borders Angola, Democratic Republic of the Congo, Malawi, Mozambique, Tanzania, and Zimbabwe by land.

Product Exports

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Value

Top Export (2018): Raw Copper, $5.42B

Top Destination (2018): Switzerland, $3.81B

In 2018 Zambia exported a total of $11.4B, making it the number 83 exporter in the world. During the last five reported years the exports of Zambia have changed by -$944M from $12.4B in 2013 to $11.4B in 2018.

The most recent exports are led by Raw Copper ($5.42B), Refined Copper ($3.06B), Cobalt ($249M), Postage Stamps ($244M), and Raw Tobacco ($181M). The most common destination for the exports of Zambia are Switzerland ($3.81B), China ($1.48B), South Africa ($1.45B), Democratic Republic of the Congo ($819M), and Singapore ($569M).

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Product Imports

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Value

Top Import (2018): Copper Ore, $1.04B

Top Origin (2018): South Africa, $2.77B

In 2018 Zambia imported $9.13B, making it the number 108 trade destination in the world. During the last five reported years the imports of Zambia changed by -$1.05B from $10.2B in 2013 to $9.13B in 2018.

The most recent imports of Zambia are led by Copper Ore ($1.04B), Refined Petroleum ($701M), Crude Petroleum ($383M), Delivery Trucks ($243M), and Nitrogenous Fertilizers ($200M). The most common import partners for Zambia are South Africa ($2.77B), Democratic Republic of the Congo ($1.36B), China ($1.22B), United Arab Emirates ($589M), and India ($420M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Zambia Exports Services (2017): $855M

Zambia Imports Services (2017): $574M

In 2017, Zambia exported $855M worth of services. The top services exported by Zambia in 2017 were Business travel ($370M), Personal travel ($283M), Reinsurance ($75.4M), Transportation ($48.8M), and Telecommunications services ($37M).

The top services imported by Zambia in 2017 were Business travel ($156M), Reinsurance ($79.6M), Personal travel ($67M), Government services, n.i.e. ($58.2M), and Miscellaneous business, professional, and technical services ($56.9M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Zambia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Zambia are Articles of agglomerated cork (40%) and Bedroom furniture, wooden, nes (40%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Zambia are:
115: Common Market for Eastern and Southern Africa (Group I) FTA Member States
136: Most Favoured Nation duty rate treatement
211: Preferential tariff for Eritrea (COMESA)
214: Preferential tariff for Ethiopia (COMESA)
302: Preferential tariff for South Africa
347: Regional Preferential tariff for SADC countries

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Zambia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨55th to the 103rd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Zambia has a high level of specialization in Raw Copper (702), Sulfuric Acid (179), Postage Stamps (165), Refined Copper (73.4), and Quicklime (60.6). Specialization is measured using RCA, an index that takes the ratio between Zambia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Zambia according to the product complexity index (PCI) are Organo-sulphur compounds (0.93), Articles of stone or other mineral substances, nes (0.76), Safes, strong-boxes etc, of base metal (0.57), Articles of copper nes (0.53), and Candles, tapers and the like (0.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Zambia according to the relatedness index, are N/A. Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Zambia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.