ZIMBABWE’S trade deficit grew to US$207,6 million in September 2024, marking a 4,2 percent increase from August’s figure of US$199,1 million, according to the latest data from the Zimbabwe National Statistics Agency.
Both imports and exports declined in the month under review, widening the deficit. A trade deficit occurs when a country’s imports exceed its exports, and in September, Zimbabwe’s imports totalled US$782,6 million, a 10,4 percent drop from August’s US$873,2 million.
Exports also declined, falling by 14,7 percent to US$575 million from August’s US$674 million.