Maravi

Zambia’s export earnings leap by 9.4%

Zambia’s export earnings leap by 9.4%
By Fridah Zinyama
Mon 01 Feb. 2010, 04:00 CAT

THE Central Statistics Office (CSO) has revealed that there had been a general increase in the total value of exports between November and December 2009 of 9.4 per cent.

CSO director Efreda Chulu said the country’s ever dominant metal products recorded a higher value in revenue growth of 9.4 per cent in nominal terms between November and December 2009.

“The overall contribution of metal products to the total export earnings was 83.5 and 77.8 per cent in December and November 2009, respectively,” she said.

Chulu however added that Non Traditional Exports (NTEs) had recorded a moderate decrease of export earnings of 24.2 per cent in December 2009.

“In terms of percentage contribution to the total export earnings, NTEs recorded 16.5 and 22.2 per cent in December and November 2009, respectively,” she said.

Chulu said Zambia’s major export products in December 2009 were copper related including copper and articles thereof; ores, slag and ash accounting for 80.3 per cent of total export earnings.

She said the five major destinations of Zambia’s exports in December 2009 were Switzerland (64.4 per cent), China (8.6 per cent), South Africa (7.2 per cent), Democratic Republic of Congo (5.1 per cent) and United Kingdom (2.1 per cent).

“These five countries collectively accounted for 87.4 per cent of Zambia’s total export earnings,” Chulu added.

Labels: CSO, ECONOMY, EFREDA CHULU, EXPORTS, GDP

posted by MrK @ 9:29 AM