Flag Zimbabwe

Econ Complexity (2018): -0.69, Rank 101 of 137

Product Exports (2018): $4.46B, Rank 115 of 222

Exports Per Capita (2018): $309, Rank 20 of 219

Product Imports (2018): $5.99B, Rank 122 of 221

Imports Per Capita (2018): $415, Rank 27 of 219

Service Exports (2015): $387M, Rank 140 of 170

Service Imports (2015): $1.53B, Rank 108 of 170

GDP (2018): $31B, CURRENT US$
Rank 100 of 196

GDP growth (2008 - 2018): 602%, CURRENT US$
Rank 1 of 196

GDP PC (2018): $2,147, CURRENT US$
Rank 147 of 196

GDP PC GROWTH (2008 - 2018): 502%, CURRENT US$
Rank 1 of 196

Overview: In 2018 Zimbabwe was the number 100 economy in the world in terms of GDP (current US$), the number 115 in total exports, the number 122 in total imports, and the number 101 most complex economy according to the Economic Complexity Index (ECI). In 2018, Zimbabwe exported $4.46B and imported $5.99B, resulting in a negative trade balance of -$1.53B. In 2018, Zimbabwe's exports per capita were $309 and its imports per capita were $415.

Trade: The top exports of Zimbabwe are Gold ($1.96B), Raw Tobacco ($467M), Ferroalloys ($466M), Chromium Ore ($229M), and Diamonds ($215M). The top imports of Zimbabwe are Refined Petroleum ($1.47B), Delivery Trucks ($191M), Packaged Medicaments ($152M), Cars ($145M), and Nitrogenous Fertilizers ($137M).

Destinations: Zimbabwe exports mostly to United Arab Emirates ($1.67B), South Africa ($1.13B), China ($414M), Mozambique ($368M), and United Kingdom ($102M), and imports mostly from South Africa ($2.46B), Singapore ($1.24B), China ($404M), Zambia ($187M), and India ($180M).

Location: Zimbabwe borders Mozambique, South Africa, and Zambia by land.

Product Exports

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Value

Top Export (2018): Gold, $1.96B

Top Destination (2018): United Arab Emirates, $1.67B

In 2018 Zimbabwe exported a total of $4.46B, making it the number 115 exporter in the world. During the last five reported years the exports of Zimbabwe have changed by $720M from $3.74B in 2013 to $4.46B in 2018.

The most recent exports are led by Gold ($1.96B), Raw Tobacco ($467M), Ferroalloys ($466M), Chromium Ore ($229M), and Diamonds ($215M). The most common destination for the exports of Zimbabwe are United Arab Emirates ($1.67B), South Africa ($1.13B), China ($414M), Mozambique ($368M), and United Kingdom ($102M).

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Product Imports

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Value

Top Import (2018): Refined Petroleum, $1.47B

Top Origin (2018): South Africa, $2.46B

In 2018 Zimbabwe imported $5.99B, making it the number 122 trade destination in the world. During the last five reported years the imports of Zimbabwe changed by -$647M from $6.64B in 2013 to $5.99B in 2018.

The most recent imports of Zimbabwe are led by Refined Petroleum ($1.47B), Delivery Trucks ($191M), Packaged Medicaments ($152M), Cars ($145M), and Nitrogenous Fertilizers ($137M). The most common import partners for Zimbabwe are South Africa ($2.46B), Singapore ($1.24B), China ($404M), Zambia ($187M), and India ($180M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Zimbabwe Exports Services (2015): $387M

Zimbabwe Imports Services (2015): $1.53B

In 2015, Zimbabwe exported $387M worth of services. The top services exported by Zimbabwe in 2015 were Personal travel ($143M), Other transport ($75M), Miscellaneous business, professional, and technical services ($71.6M), Government services, n.i.e. ($46M), and Business travel ($31.9M).

The top services imported by Zimbabwe in 2015 were Personal travel ($467M), Miscellaneous business, professional, and technical services ($457M), Other transport ($379M), Air transport ($75.9M), and Government services, n.i.e. ($56.7M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Zimbabwe. 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 Zimbabwe are Tobacco refuse (100%) and Tobacco, unmanufactured, stemmed or stripped (100%).

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 Zimbabwe are:
114: Common Market for Eastern and Southern Africa
136: Most Favoured Nation duty rate treatement
302: Preferential tariff for South Africa
348: Regional Preferential tariff for Southern African Development Community (SADC) Exluding South Africa
349: Regional Preferential tariff for Southern African Development Community (SADC) for South Africa

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 20 years Zimbabwe's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨66th to the 101st⁩ 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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Zimbabwe has a high level of specialization in Chromium Ore (312), Nickel Ore (274), Raw Tobacco (169), Granite (83.5), and Postage Stamps (70.3). Specialization is measured using RCA, an index that takes the ratio between Zimbabwe observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Zimbabwe according to the product complexity index (PCI) are Paper, board corrugated creped embossed perforated nes (0.22), Ceramic roofing tiles, chimney pots, etc (0.18), Meat, edible meat offal nes, fresh, chilled or frozen (0.15), Platinum, unwrought, semi-manufactured or powder forms (0.039), and Original sculptures and statuary, in any material (-0.076). 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 Zimbabwe according to the relatedness index, are Uranium and Thorium Ore (0.12), Manganese Ore (0.11), Other Oily Seeds (0.11), Insect Resins (0.11), and Crustaceans (0.1). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Zimbabwe 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.