Overview In 2020 Zimbabwe was the number 115 economy in the world in terms of GDP (current US$), the number 116 in total exports, the number 131 in total imports, the number 166 economy in terms of GDP per capita (current US$) 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.

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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.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Yearly Exports

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Top Export (2020): Gold, $2.14B

Top Destination (2020): United Arab Emirates, $1.92B

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).

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Yearly Imports

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Top Import (2020): Refined Petroleum, $574M

Top Origin (2020): South Africa, $2.31B

In 2020 Zimbabwe imported $5.1B, making it the number 131 trade destination in the world. During the last five reported years the imports of Zimbabwe changed by -$768M from $5.87B in 2015 to $5.1B in 2020.

The most recent imports of Zimbabwe are led by Refined Petroleum ($574M), Corn ($232M), Electricity ($152M), Delivery Trucks ($150M), and Packaged Medicaments ($122M). The most common import partners for Zimbabwe are South Africa ($2.31B), China ($547M), Singapore ($505M), India ($172M), and Mauritius ($148M).

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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).

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.

*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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Most Specialized Products by RCA Index

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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.

Most Complex Products by PCI

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The highest complexity exports of Zimbabwe according to the product complexity index (PCI) are Platinum, unwrought, semi-manufactured or powder forms (0.58), Malt (0.063), Fibreboard of wood or other ligneous materials (-0.14), Original sculptures and statuary, in any material (-0.28), and Live poultry, domestic fowls, ducks, geese, etc. (-0.29). 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 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.

Relatedness Space

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This network shows the products most related to the production structure of Zimbabwe. These are products that tend to be co-exported with the products that Zimbabwe exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.

Economic Complexity Ranking

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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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