Zambia’s trade surplus has decreased from over six hundred and three billion in April 2019 to over five hundred and one billion Kwacha in May 2019.
Central Statistical office Acting Director for Census and Statistics Goodson Sinyenga says this indicates a decline by seventeen percent.
Mr. Sinyenga says imports have decreased by fourteen point five percent from seven thousand one hundred and seventy four billion Kwacha in April 2019 to eight thousand two hundred and fifteen billon in May 2019.
He says increase is mainly attributed to the Raw materials imports which increased by thirty six percent from eight hundred and ninety eight billion Kwacha in April 2019 to one thousand two hundred and twenty one billion Kwacha in May 2019
The CSO directors says the country’s exports increased by twelve point one percent from seven thousand seven hundred and seventy eight billion Kwacha in April 2019 to eight thousand seven hundred ad sixteen billion Kwacha in May 2019.
Mr. Sinyenga says the increase in the value of exports is mainly attributed to the increase in export earnings from intermediate and consumer goods which increased by ten point three percent and thirty seven point seven percent respectively.