Zim trade decifit narrows 81% to US$474m

ZIMBABWE’S trade deficit narrowed by 81% to US$474 million between February and December last year compared to the same period in 2018, mainly due to shortages of foreign currency for imports.

Trade deficit represents an outflow of domestic currency to foreign markets.

Figures released by the Zimbabwe National Statistics Agency (ZimStat) show that between February and December, the country imported goods and services worth US$4,45 billion against exports of US$3,98 billion.

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