Country intelligence · ZWE · 2024

Zimbabwe trade profile

In 2024, Zimbabwe recorded $7.7B in merchandise exports and $8.4B in imports, producing a $705.6M trade deficit. Exports changed +10.4% from the previous year, while imports changed +5.2%.[1]

Exports

$7.7B

+10.4%

Imports

$8.4B

+5.2%

Trade balance

-$705.6M

deficit

Active partners

270

48 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$7.7B$8.4B-$705.6M+10.4%
2023$7.0B$8.0B-$1.0B+6.5%
2022$6.5B$7.2B-$618.5M+10.8%
2021$5.9B$6.3B-$352.6M+29.3%
2020$4.6B$4.4B$161.8M+14.6%
2019$4.0B$3.6B$371.9M+5.8%
2018$3.8B$4.6B-$806.9M+23.4%
2017$3.1B$3.8B-$724.7M+12.3%
2016$2.7B$3.9B-$1.2B-10.7%
2015$3.0B$4.5B-$1.4B-10.8%

Leading export sectors

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

1

HS 71 · Precious metals and stones

44 active HS6 lines · 35 export partners

$2.9B
2

HS 24 · HS chapter

10 active HS6 lines · 83 export partners

$1.4B
3

HS 26 · HS chapter

23 active HS6 lines · 11 export partners

$830.0M
4

HS 25 · HS chapter

66 active HS6 lines · 49 export partners

$604.9M
5

HS 75 · HS chapter

13 active HS6 lines · 86 export partners

$515.1M
6

HS 72 · HS chapter

167 active HS6 lines · 39 export partners

$504.7M
7

HS 27 · Mineral fuels and oils

41 active HS6 lines · 15 export partners

$302.5M
8

HS 08 · HS chapter

56 active HS6 lines · 71 export partners

$105.2M

Leading export markets

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

1

United Arab Emirates

Annual change +33.2% · 3-year CAGR 16.3%

$2.9B
2

China

Annual change +38.9% · 3-year CAGR 42.1%

$2.1B
3

South Africa

Annual change -26.9% · 3-year CAGR -18.0%

$1.1B
4

Mozambique

Annual change -36.6% · 3-year CAGR -18.7%

$234.8M
5

India

Annual change -11.1% · 3-year CAGR 191.5%

$124.6M
6

Zambia

Annual change +17.8% · 3-year CAGR 15.3%

$114.3M
7

Belgium

Annual change -43.2% · 3-year CAGR 0.9%

$111.2M
8

Italy

Annual change +17.2% · 3-year CAGR 0.4%

$109.3M

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.