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.
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.
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.
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).
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.
*The tariffs applied to imports for Zimbabwe are:114: Common Market for Eastern and Southern Africa136: Most Favoured Nation duty rate treatement302: Preferential tariff for South Africa348: Regional Preferential tariff for Southern African Development Community (SADC) Exluding South Africa349: Regional Preferential tariff for Southern African Development Community (SADC) for South Africa
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.
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.
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.
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.
Zimbabwe
