28 December 2012

Zambia: Nation's Trade Surplus Declines

ZAMBIA has recorded a decrease in trade surplus valued at K112.8 billion in November as compared to 291.2 billion recorded the previous month.

Central Statistical Office (CSO) acting director Peter Mukuka said Zambia once again recorded a trade surplus valued at K112.8 billion in November 2012 from K291.2 billion posted in October this year.

This means Zambia exported more in November 2012 than it imported in the same month, in nominal terms.

Addressing the media in Lusaka yesterday, Mr Mukuka said Zambia had continued to record trade surplus since January 2012 with the highest valued at K473.2 billion recorded in August 2012.

The lowest trade surplus was recorded in February valued at K47.4 billion.

He said Zambia's major export products in November 2012 were from the intermediate goods category mainly comprising copper cathodes and sections of refined copper accounting for 74.0 per cent.

"Other exports were from the raw materials, capital goods and consumer goods categories which collectively accounted for about 26 per cent of the total exports in November 2012," he said.

This implies that between November and October 2012, Zambia had been a net exporter of intermediate goods, mainly metals and their articles, accounting for an average of 78.8 per cent of the total.

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