4 February 2013

Zambia: Metal Exports Decline

ZAMBIA's metal exports have dropped from KR2,842.4 to KR2,653.6 million, due to a decline in demand on the world market, latest records have revealed.

Central Statistical Office (CSO) director, John Kalumbi said there was a decrease in the total value of metal exports from KR2, 842.4 million in November 2012 as compared to KR2, 653.6 million recorded over the same period in 2011.

Mr Kalumbi said the overall contribution of metals and their products to the total exports earnings in December 2011 and November 2012 averaged 65.8 per cent.

The share of the Non-Traditional Exports (NTEs) recorded an average of 34.2 per cent in revenue earnings in November 2012.

Mr Kalumbi explained that Zambia's metal exports and NTEs total reached KR4,010 million in December 2012 , saying metal exports in value terms were KR2,654 million, while NTEs stood at KR1,357 million.

Addressing journalists in Lusaka, Mr Kalumbi said Zambia's major export destination in December 2012 was Switzerland, which accounted for 42.2 per cent with major export products being cathodes and

sections of cathodes of refined copper accounting for 93.1 per cent.

"China was the second major destination of Zambia's exports accounting for 20.0 per cent. The chief export product was copper blister representing 65.1 per cent.

South Africa was the third major export destination accounting for 13.6 per cent. The main export products were brans, sharps and other residues of maize, accounting for 56.7 per cent," Mr Kalumbi said.

The fourth major export destination was the Democratic Republic of Congo (DRC), accounting for 67.7 per cent.

He said the main export products to DRC were pallets, box pallets, load boards of wood and pallet collars of wood representing 17.5 per cent.

The fifth major export destination was Malawi which accounted for 6.6 per cent with major export products being candles and tapers, which represented 93.1 per cent.

Mr Kalumbi said these five countries collectively accounted for 89.2

per cent of Zambia's total export earnings in December 2012.

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