Zimbabwe2019 Economic Complexity: -0.72, Rank 117 of 157
2019 Product Exports | Imports: $4.05B | $4.83B, 125 of 225 | 138 of 225
2019 Per Capita Product Exports | Imports: $277 | $330, 176 of 219 | 192 of 219
2015 Service Exports | Imports : $387M | $1.53B, 140 of 170 | 108 of 170
Overview: In 2019 Zimbabwe was the number 111 economy in the world in terms of GDP (current US$), the number 125 in total exports, the number 138 in total imports, the number 153 economy in terms of GDP per capita (current US$) and the number 117 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Zimbabwe are Gold ($1.72B), Raw Tobacco ($438M), Ferroalloys ($231M), Nickel Ore ($229M), and Diamonds ($221M), exporting mostly to United Arab Emirates ($1.63B), South Africa ($933M), Mozambique ($354M), China ($157M), and Belgium ($101M).
Imports: The top imports of Zimbabwe are Refined Petroleum ($1.35B), Delivery Trucks ($135M), Packaged Medicaments ($133M), Nitrogenous Fertilizers ($83.4M), and Tractors ($79.4M), importing mostly from South Africa ($1.97B), Singapore ($1.11B), China ($407M), India ($154M), and United Arab Emirates ($128M).
Location: Zimbabwe borders Botswana, Mozambique, South Africa, and Zambia by land.
Top Export (2019): Gold, $1.72B
Top Destination (2019): United Arab Emirates, $1.63B
In 2019, Zimbabwe exported a total of $4.05B, making it the number 125 exporter in the world. During the last five reported years the exports of Zimbabwe have changed by $782M from $3.27B in 2014 to $4.05B in 2019.
The most recent exports are led by Gold ($1.72B), Raw Tobacco ($438M), Ferroalloys ($231M), Nickel Ore ($229M), and Diamonds ($221M). The most common destination for the exports of Zimbabwe are United Arab Emirates ($1.63B), South Africa ($933M), Mozambique ($354M), China ($157M), and Belgium ($101M).
Top Import (2019): Refined Petroleum, $1.35B
Top Origin (2019): South Africa, $1.97B
In 2019 Zimbabwe imported $4.83B, making it the number 138 trade destination in the world. During the last five reported years the imports of Zimbabwe changed by -$1.02B from $5.85B in 2014 to $4.83B in 2019.
The most recent imports of Zimbabwe are led by Refined Petroleum ($1.35B), Delivery Trucks ($135M), Packaged Medicaments ($133M), Nitrogenous Fertilizers ($83.4M), and Tractors ($79.4M). The most common import partners for Zimbabwe are South Africa ($1.97B), Singapore ($1.11B), China ($407M), India ($154M), and United Arab Emirates ($128M).
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).
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.
*The tariffs applied to imports for Zimbabwe are:
During the last 20 years Zimbabwe's economy has become relatively less complex, moving from the 84th to the 117th 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.
Zimbabwe has a high level of specialization in Nickel Ore (275), Raw Tobacco (183), Granite (90.4), Processed Tobacco (83.1), and Other Mineral (71.1). 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 Steam turbines and other vapour turbines (0.75), Platinum, unwrought, semi-manufactured or powder forms (0.68), Articles of asbestos-cement & cellulose fibre cement (0.33), Casein, caseinates & casein derivatives, casein glues (0.23), and Tar from coal, lignite or peat, other mineral tars (-0.033). 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 Tin Ores (0.14), Manganese Ore (0.13), Other Oily Seeds (0.12), Crude Petroleum (0.12), and Uranium and Thorium Ore (0.12). 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.
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.
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