Zimbabwe2020 Economic Complexity : -0.91, Rank 98 of 127
2020 Product Exports | Imports: $4.34B | $5.1B, 116 of 226 | 131 of 226
2020 Per Capita Product Exports | Imports: $292 | $343, 170 of 219 | 185 of 219
2015 Service Exports | Imports : $387M | $1.53B, 144 of 173 | 112 of 173
Overview In 2020, Zimbabwe was the number 116 economy in the world in terms of GDP (current US$), the number 116 in total exports, the number 131 in total imports, the number 175 economy in terms of GDP per capita (current US$) and the number 98 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Zimbabwe are Gold ($2.14B), Raw Tobacco ($329M), Nickel Ore ($252M), Diamonds ($245M), and Ferroalloys ($232M), exporting mostly to United Arab Emirates ($1.92B), South Africa ($574M), Mozambique ($369M), Uganda ($331M), and China ($193M).
Imports The top imports of Zimbabwe are Refined Petroleum ($574M), Corn ($232M), Electricity ($152M), Delivery Trucks ($150M), and Packaged Medicaments ($122M), importing mostly from South Africa ($2.31B), China ($547M), Singapore ($505M), India ($172M), and Mauritius ($148M).
Location Zimbabwe borders Botswana, Mozambique, South Africa, and Zambia by land.
The following section uses the most recent trade data from partners of Zimbabwe.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Gold, $2.14B
Top Destination (2020): United Arab Emirates, $2.31B
In 2020, Zimbabwe exported a total of $4.34B, making it the number 116 exporter in the world. During the last five reported years the exports of Zimbabwe have changed by $1.33B from $3.01B in 2015 to $4.34B in 2020.
The most recent exports are led by Gold ($2.14B), Raw Tobacco ($329M), Nickel Ore ($252M), Diamonds ($245M), and Ferroalloys ($232M). The most common destination for the exports of Zimbabwe are United Arab Emirates ($1.92B), South Africa ($574M), Mozambique ($369M), Uganda ($331M), and China ($193M).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
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).
Zimbabwe has a high level of specialization in Nickel Ore (264), Raw Tobacco (152), Granite (113), Nickel Mattes (67.1), and Chromium Ore (61.4). Specialization is measured using RCA, an index that takes the ratio between Zimbabwe observed and expected exports in each product.
The highest complexity exports of Zimbabwe according to the product complexity index (PCI) are Platinum (0.58), Malt (0.063), Wood Fiberboard (-0.14), Sculptures (-0.28), and Poultry (-0.29). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Zimbabwe according to the relatedness index, are Manganese Ore (0.13), Tin Ores (0.11), Cocoa Beans (0.11), Coal Briquettes (0.1), and Other Oily Seeds (0.099). 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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 20 years Zimbabwe's economy has become relatively less complex, moving from the 56th to the 98th 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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