Zimbabwe's Trade Numbers Show Good News.
Zimbabwe saved more money in its trade with other countries this past November. The country had to spend less on buying goods from abroad compared to what it earned from selling its products.
The gap between what Zimbabwe bought and sold dropped to $46.9 million, much better than October's gap of $137.8 million. The improvement means Zimbabwe can keep more of its foreign money for important needs.
Zimbabwe made more money from selling goods in November. Its sales went up to $905.2 million from $698.1 million in October. Gold brought in the most money, followed by tobacco and nickel. These three items made up most of what Zimbabwe sold to other countries.
Most of Zimbabwe's goods went to three main places. The United Arab Emirates bought the largest share, followed by China and South Africa, which each bought about the same amount. Together, these three countries bought almost all of Zimbabwe's exports.
Zimbabwe did buy more goods from other countries in November. Its purchases went up to $952.1 million from $835.9 million in October. The country mainly bought fuel, machines, grain, and cars from abroad.
The country has been improving its sales over time. In 2023, Zimbabwe sold $7.2 billion worth of goods, more than the $6.59 billion it sold in 2022.
Zimbabwe wants to sell even more in the coming years. The government plans to double its sales by 2030. This is part of its plan to make the country richer. The plan seems to work well. The government has met many of its goals in areas like money matters, nature care, health, food, and computer technology.
Zimbabwe saved more money in its trade with other countries this past November. The country had to spend less on buying goods from abroad compared to what it earned from selling its products.
The gap between what Zimbabwe bought and sold dropped to $46.9 million, much better than October's gap of $137.8 million. The improvement means Zimbabwe can keep more of its foreign money for important needs.
Zimbabwe made more money from selling goods in November. Its sales went up to $905.2 million from $698.1 million in October. Gold brought in the most money, followed by tobacco and nickel. These three items made up most of what Zimbabwe sold to other countries.
Most of Zimbabwe's goods went to three main places. The United Arab Emirates bought the largest share, followed by China and South Africa, which each bought about the same amount. Together, these three countries bought almost all of Zimbabwe's exports.
Zimbabwe did buy more goods from other countries in November. Its purchases went up to $952.1 million from $835.9 million in October. The country mainly bought fuel, machines, grain, and cars from abroad.
The country has been improving its sales over time. In 2023, Zimbabwe sold $7.2 billion worth of goods, more than the $6.59 billion it sold in 2022.
Zimbabwe wants to sell even more in the coming years. The government plans to double its sales by 2030. This is part of its plan to make the country richer. The plan seems to work well. The government has met many of its goals in areas like money matters, nature care, health, food, and computer technology.
