31 December 2012

Zambia: Metal Exports Increase in November

ZAMBIA's metal exports have increased to K2,842.4 billion in November 2012 from K2,835.9 billion in October 2012.

The overall contribution of metals and their products to the total export earnings in November and October 2012 averaged 60.6 per cent.

Central Statistical Office (CSO) acting director Peter Mukuka said in Lusaka that there had been an increase in the total value of metal exports from K2,835.9 in October to K2,842.4 billion in November this year.

Mr Mukuka said the share of the Non-Traditional Exports (NTE's) recorded an average of 39.4 per cent in revenue earnings in November and October 2012.

He said that in October NTE's accounted for K2,242 billion compared to K1,505.2 billion in November 2012.

Zambia's major export destination in November 2012 was Switzerland, which accounted for 43.1 per cent with major export products being cathodes and sections of cathodes of refined copper accounting for 90 per cent.

Mr Mukuka said China was the second major destination of Zambia's exports accounting for 20.6 per cent.

Products exported to China were copper blister accounting for 60.8 per cent.

"South Africa was the third major export destination accounting for 8.8 per cent. The major export products were bran, sharps and other residues of Maize accounting for 37.9 per cent," he said.

The fourth major destination was the Democratic Republic of Congo (DRC), accounting for 6.4 per cent with major export products being raw cane sugar accounting for 16.9 per cent.

The fifth major export destination was Zimbabwe which accounted for 5.2 per cent and Mr Mukuka said the major export products were stoppers, lids, caps and other closures of plastics which accounted for 36.9 per cent.

He said the five countries collectively accounted for 84.1 per cent of Zambia's total export earnings in November 2012.

The Southern African Development Community (SADC) was the largest market for Zambia's total exports accounting for 25.4 per cent in November 2012.

Within SADC, South Africa was dominant market with 34.7 per cent and other markets in SADC were DRC, Zimbabwe, Namibian and Angola.

He said Asia regional grouping was the second largest market for Zambia's total exports accounting for 25.2 per cent in November 2012.

Within Asia, China dominated the export market, accounting for 82.0 per cent. Other markets in Asia were India, United Arab Emirates, Hong Kong and Singapore.

The Common Market for Eastern and Southern Africa (COMESA) was the third largest market for Zambia's total exports accounting for 14.4 per cent in November 2012.

Within COMESA, DRC was the dominant market with 44.7 per cent and he said other markets in COMESA were Zimbabwe, Angola, Malawi and Mauritius.

The European Union was the fourth largest market for Zambia's total exports accounting for 4.9 per cent in November 2012.

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