Country intelligence · ZMB · 2024

Zambia trade profile

In 2024, Zambia recorded $14.6B in merchandise exports and $9.7B in imports, producing a $4.9B trade surplus. Exports changed +5.2% from the previous year, while imports changed +17.0%.[1]

Exports

$14.6B

+5.2%

Imports

$9.7B

+17.0%

Trade balance

$4.9B

surplus

Active partners

270

17 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$14.6B$9.7B$4.9B+5.2%
2023$13.9B$8.3B$5.6B-8.8%
2022$15.3B$7.3B$8.0B+17.3%
2021$13.0B$6.5B$6.5B+35.0%
2020$9.6B$5.1B$4.5B+11.0%
2019$8.7B$7.1B$1.6B-22.6%
2018$11.2B$8.2B$3.0B+17.4%
2017$9.5B$6.8B$2.7B+30.6%
2016$7.3B$6.4B$944.7M-3.0%
2015$7.5B$6.7B$805.9M-24.3%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 74 · HS chapter

47 active HS6 lines · 42 export partners

$10.0B
2

HS 71 · Precious metals and stones

37 active HS6 lines · 56 export partners

$1.7B
3

HS 26 · HS chapter

28 active HS6 lines · 35 export partners

$468.1M
4

HS 25 · HS chapter

63 active HS6 lines · 41 export partners

$306.4M
5

HS 27 · Mineral fuels and oils

41 active HS6 lines · 82 export partners

$232.9M
6

HS 24 · HS chapter

9 active HS6 lines · 51 export partners

$214.2M
7

HS 28 · HS chapter

164 active HS6 lines · 20 export partners

$205.7M
8

HS 72 · HS chapter

161 active HS6 lines · 53 export partners

$190.3M

Leading export markets

Destinations rank bilateral export flows from Zambia; growth describes each corridor rather than the whole economy.

1

Switzerland

Annual change +11.6% · 3-year CAGR 2.2%

$4.7B
2

China

Annual change +25.4% · 3-year CAGR 7.0%

$4.2B
3

United Arab Emirates

Annual change -12.2% · 3-year CAGR 25.9%

$1.6B
4

DR Congo

Annual change -0.2% · 3-year CAGR 12.4%

$926.8M
5

India

Annual change +6.1% · 3-year CAGR 95.1%

$877.5M
6

Zimbabwe

Annual change +29.2% · 3-year CAGR 20.0%

$329.9M
7

South Africa

Annual change +2.2% · 3-year CAGR 7.8%

$316.5M
8

Tanzania

Annual change +49.6% · 3-year CAGR 32.4%

$186.7M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.