Trade between Zimbabwe and China has surged during the first nine months of 2024, reaching a record high of $3 billion, a 25.6% increase compared to the previous year. Zimbabwe’s exports to China amounted to $2.1 billion, while imports totaled $951 million, resulting in a trade surplus of $1 billion for Zimbabwe. This rise in trade is largely attributed to tobacco exports, which have become a key economic contributor.
Tobacco exports to China increased by 38.3% to reach $790 million, representing 40.6% of Zimbabwe’s total exports to China. This strong performance underscores tobacco’s role as a primary export, enhancing Zimbabwe’s trade profile and strengthening economic ties with China.
The trade partnership between the two nations continues to grow, with China importing Zimbabwean goods, including minerals and agricultural products. Both governments view this trend positively, seeing it as a basis for expanded economic cooperation and future investments in various sectors.
China remains one of Zimbabwe’s leading trading partners, with both countries aligning their interests in mining, agriculture, and infrastructure. As trade volumes continue to rise, experts predict that Zimbabwe’s export base may diversify further, tapping into China’s vast consumer market to drive economic growth.
