Victoria Falls – South Africa and Zimbabwe remain close trade pals, with May 2021 statistics showing the latter still counts the former as its biggest commercial partner.
Data released by ZimStat show that Zimbabwe exported goods and services worth US$176.4 million to South Africa, while goods and services amounting to US$226.0 million went in the opposite direction.
Zimbabwe’s other major export destinations are the United Arab Emirates (US$112.4 million), Mozambique (US$36.4 million), Zambia (US$4.8 million) and Botswana (US$1.8 million).
According to ZimStat, total exports to South Africa were US$1,7 billion in 2020 making that country the top destination for Zimbabwean products, accounting for about 40 percent of total exports.
Goods that headlined Zimbabwe’s export list include gold (US$103,3 million), nickel (US$97.4 million), Platinum (US$21 million), coal and related products (US$5.5 million) and chrome (US$4.6 million).
Observers project trade between South Africa and Zimbabwe to increase in the near future on the back of the Harare government’s deliberate thrust to stimulate economic productivity for export.
In the mining sector, Zimbabwe is targeting a US$12 billon mining economy by 2023 with emphasis being put on value addition.
South Africa and Zimbabwe are upgrading Beitbridge Border Post and the exercise is expected to be completed in 2024. Upon completion, it will be a one-stop border post running for 24 hours all year round on modern technologies, thereby expediting clearance of goods and travellers.