Search results for 'Trade deficit'
World
China's Trade Surplus Shrinks on Falling Exports, Imports: What are the Implications?

China's trade surplus for June decreased due to a decline in both imports and exports, which indicates a shift in the balance of trade. This shift has significant implications for China's economy and

Jul 13, 2023
Zimbabwe
Zimbabwe's Trade Deficit Soars: Enters Triple-Digit Territory

Zimbabwe's trade deficit expanded to a three-digit figure in July 2023, marking a significant increase compared to the two-digit deficit recorded in June 2023. The total value of exports in July 2023

Aug 30, 2023
Zimbabwe
Zimbabwe's Trade Woes Deepen as Deficit Balloons in April

Zimbabwe's trade deficit for April widened to $256.9 million, a 37.9% increase from the $186.3 million deficit recorded in March 2024. This marked the fourth consecutive month of Zimbabwe trading in t

May 31, 2024
Zimbabwe
Gold Reclaims Top Export Position in May

In a remarkable turn of events, the precious mineral, gold, has reclaimed its coveted position as Zimbabwe's primary export commodity, accounting for 42.5% of the nation's overall exports as of May 2

Jul 02, 2024
Zimbabwe
Exports Trade Mix: Gold Lose Lustre, Nickel Mattes Gain Ground

Zimbabwe's gold exports for June 2024 remained the top export, but fell to 30.5% according to data released by the country's statistics agency, ZIMSTAT. This is down from a higher of 42.8% in May, a

Jul 29, 2024
Zimbabwe
Zimbabwe’s Trade Deficit Surpasses US$200M in June

Zimbabwe's trade deficit surged in June 2024, reaching over $200 million. The latest data from Zimstat shows the deficit rose by 39.6% to $218.9 million, up from $156.8 million in May 2024. A trade d

Jul 29, 2024

Top Stories

FBC Holdings' Income Exceeds ZWG2 Billion Despite Currency Carnage

FBC Holdings’ total income has surpassed ZWG2 billion in the half-year to June 2024 despite experiencing a currency carnage in the first quarter. The group reported ZWG2.1 billion during the period u

6 hours ago

African Sun Plans Further Asset Sales After Raising US$6.9 Million

African Sun, Zimbabwe's largest hotel group, is gearing up for a significant disposal of assets following the recent sale of two underperforming hotels for $6.9 million. This strategic move aims to op

7 hours ago

Riding the Dollar Wave: TSL's US$ Revenue Climbs 83% in Q3

TSL Limited has achieved a commendable performance in the third quarter ended 31 July 2024, with group revenue rising by 13% year-over-year. This growth was largely driven by increased volumes in the

1 day ago

Zimbabwe's Power Crisis Deepens: Hwange Units 7, 8 Go Offline

Zimbabwe's electricity prospects have taken a hit as Hwange Units 7 and 8 undergo Class C maintenance, a statutory requirement that will take 600 megawatts off the national grid. This is a substantia

Sep 17, 2024

Proplastics Export Sales Fall to 1%

Proplastics, a leading manufacturer of PVC piping and fittings, has reported a significant decline in export sales, from 15% of total sales in 2023 to a mere 1% in the first half of 2024 primarily due

Sep 17, 2024

Zimbabwe Ranked Worst Investment Country in Africa

South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass

Sep 16, 2024

ZimAlloys Roars Back: Ferrochrome Production Resumes After 10 Years

Zimbabwe Alloys Limited (ZimAlloys) has resumed production years after shutting down its furnaces according to the compan’s Managing Director, Deric Dube. A registered company in Zimbabwe, ZimAlloys s

Sep 16, 2024

ZiG Battles On: Edges 14 Mark per Dollar

The Zimbabwe Gold (ZiG) experienced a notable decline on September 13, 2024, trading closer to ZWG14 per US dollar, marking one of its worst performances to date. This follows a weekly loss, with the

Sep 13, 2024