Trade Trend

In 2023, Zambia's total export value is 10.50Billion USD, total import value is 10.13Billion USD, Surplus is 370.54Million USD, and foreign trade dependency is 0.732. In 2023，Zambia's top export products are Copper; unrefined, copper anodes for electrolytic refining(5.06Billion USD), Copper; refined and copper alloys, unwrought(1.65Billion USD), Electrical energy(396.97Million USD), top export destinations are Switzerland(4.34Billion USD), China(1.87Billion USD), Democratic Republic of the Congo(1.63Billion USD). In 2023, Zambia's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.80Billion USD), Vehicles; for the transport of goods(599.30Million USD), Fertilizers; mineral or chemical, nitrogenous(452.45Million USD), top import origins are South Africa(2.61Billion USD), China(1.65Billion USD), United Arab Emirates(828.26Million USD).

Comparing to 2022, Zambia's total export value decreased -1.17Billion USD(-10.00%) in 2023, this could result from its export decreases of products such as Copper; unrefined, copper anodes for electrolytic refining(-1.07Billion USD or -17.46%), Copper; refined and copper alloys, unwrought(-227.65Million USD or -12.14%), Ferroalloys(-90.40Million USD or -41.12%) and export decreases to countries/economics such as China(-543.79Million USD or -22.55%), Switzerland(-144.79Million USD or -3.23%), None(-25.31Million USD or -85.69%). Comparing to 2022, Zambia's total import value increased 1.08Billion USD(11.93%) in 2023, this could result from its import increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.32Billion USD or 274.34%), Vehicles; for the transport of goods(259.97Million USD or 76.61%), Tractors; (other than tractors of heading no 8709)(65.64Million USD or 28.13%), and its import increases from countries/economies such as Bahrain(268.48Million USD or 71.22Thousands%), China(246.19Million USD or 17.54%), United Arab Emirates(142.16Million USD or 20.72%).

Cumulated to first 6 months of 2024, Zambia's total export value is 2.52Billion USD, total import value is 1.79Billion USD, and tradesurplus is 729.37Million USD. Cumulated to first 6 months of 2024, Zambia's top export products are Copper; unrefined, copper anodes for electrolytic refining(1.50Billion USD), Copper; refined and copper alloys, unwrought(394.25Million USD), Precious (excluding diamond) and semiprecious stone; worked, graded, not strung, mounted, set; ungraded precious (excluding diamond) and semiprecious stone, temporarily strung for convenience of transport(213.03Million USD), and top export destinations are China(1.90Billion USD), Zimbabwe(88.87Million USD), United States(88.28Million USD). Cumulated to first 6 months of 2024, Zambia's top import products are Copper; unrefined, copper anodes for electrolytic refining(1.50Billion USD), Copper; refined and copper alloys, unwrought(394.25Million USD), Precious (excluding diamond) and semiprecious stone; worked, graded, not strung, mounted, set; ungraded precious (excluding diamond) and semiprecious stone, temporarily strung for convenience of transport(213.03Million USD), and top import origins areSouth Africa(856.06Million USD), China(448.00Million USD), India(68.15Million USD).