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2023
Economic Complexity
Trade -0.98Rank 110 of 132
2022
Economic Complexity
Research -0.36Rank 75 of 140
2023
Product
Exports | Imports $9.05B | $9.35B106 of 226 |  120 of 226
2023
Per Capita Product
Exports | Imports $554 | $572140 of 220 |  176 of 220

About

Overview In 2023, Zimbabwe was the number 103 economy in the world in terms of GDP (current US$), the number 106 in total exports, the number 120 in total imports, the number 154 economy in terms of GDP per capita (current US$) and the number 110 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Zimbabwe are Gold ($3.68B), Raw Tobacco ($1.15B), Nickel Mattes ($990M), Other Mineral ($808M), and Diamonds ($489M), exporting mostly to United Arab Emirates ($4.1B), China ($1.6B), South Africa ($1.39B), Mozambique ($391M), and Hong Kong ($185M).

Imports The top imports of Zimbabwe are Refined Petroleum ($1.55B), Nitrogenous Fertilizers ($252M), Delivery Trucks ($242M), Soybean Oil ($208M), and Stone Processing Machines ($181M), importing mostly from South Africa ($3.47B), China ($1.4B), Bahamas ($469M), Singapore ($461M), and United Arab Emirates ($385M).

Location Zimbabwe borders Botswana, Mozambique, South Africa, and Zambia by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Zimbabwe.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Gold$3.68B
Top Destination (2023)United Arab Emirates$4.1B

In 2023, Zimbabwe exported a total of $9.05B, making it the number 106 exporter in the world. During the last five reported years the exports of Zimbabwe have changed by $4.26B from $4.8B in 2018 to $9.05B in 2023.

The most recent exports are led by Gold ($3.68B), Raw Tobacco ($1.15B), Nickel Mattes ($990M), Other Mineral ($808M), and Diamonds ($489M). The most common destination for the exports of Zimbabwe are United Arab Emirates ($4.1B), China ($1.6B), South Africa ($1.39B), Mozambique ($391M), and Hong Kong ($185M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
China$689M (+ 76.1%)
Mozambique$208M (+ 114%)
Hong Kong$170M (+ 1.13k%)
Fastest Growing Import Markets (2022 - 2023)
Bahrain$326M (+ 40M%)
China$181M (+ 14.8%)
Russia$146M (+ 553%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Zimbabwe Exports Services (2015)$387M
Zimbabwe Imports Services (2015)$1.53B

In 2015, Zimbabwe exported $387M worth of services. The top services exported by Zimbabwe in 2015 were Personal travel ($143M), Other transport ($75M), Miscellaneous business, professional, and technical services ($71.6M), Government services, n.i.e. ($46M), and Business travel ($31.9M).

The top services imported by Zimbabwe in 2015 were Personal travel ($467M), Miscellaneous business, professional, and technical services ($457M), Other transport ($379M), Air transport ($75.9M), and Government services, n.i.e. ($56.7M).

Service Exports (2015)

Service Imports (2015)

Economic Complexity

Overview

Economic Complexity (Trade)-0.98Rank 110 of 132
Economic Complexity (Research)-0.36Rank 75 of 140

Most Specialized Products by RCA Index

Zimbabwe has a high level of specialization in Raw Tobacco (241), Nickel Mattes (157), Other Mineral (126), Granite (79.8), and Chromium Ore (71.7). Specialization is measured using RCA, an index that takes the ratio between Zimbabwe observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Zimbabwe according to the product complexity index (PCI) are Articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal... (0.54), Paper and paperboard, corrugated (with or without glued flat surface sheets), creped,... (0.43), Platinum; unwrought or in semi-manufactured forms, or in powder form (0.22), Tar distilled from coal, from lignite, peat and other mineral tars, whether... (0.14), and Machinery; for preparing or making up tobacco, n.e.c. in this chapter (-0.15). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Zimbabwe according to the relatedness index, were Manganese Ore (0.096), Tin Ores (0.091), Copper Ore (0.079), Niobium, Tantalum, Vanadium and Zirconium Ore (0.078), and Precious Stones (0.078). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Zimbabwe is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Zimbabwe. These are products that tend to be co-exported with the products that Zimbabwe exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Zimbabwe's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨62nd to the 110th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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