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Market Brief on Zambia
Jan 2018
Location Facts and Figures
Zambia is a landlocked country in Southern Africa, neighbouring the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west.
Total Population 15.06 million
Area 743 398 sq.km
Time Zone +2 hrs GMT
Capital City Lusaka
International Telephone Code
+260
Currency Kwacha
Exchange Rate (13/06/2017)
1 USD = 9.75 ZMK
GDP (2017 est.) US$20.9 Billion
GDP per capita (2017 est.)
US$1,213.4
GDP Growth Rate (2017 est.)
4%
Ease of Doing Business (World Bank 2017)
98/190
Inflation Rate (2017 est.)
9.1%
Official Language(s)
English
Cities and Population Other Languages Bemba, Nyanja, Tonga, Lozi, Chewa
Business Hours 0800 hrs-1700 hrs Lunch 1300-1400 hrs
Banking Hours 0900-1530 hrs (weekdays) 0830-1200 (Sat)
Literacy Rate 63.4%
Measures Metric System
Important International Participation
UN, AU, SADC, COMESA, WTO
City Population
Lusaka 1,267,440
Kitwe 400,914
Ndola 394,518
Kabwe 188,979
Chingola 148,564
Mufulira 120,500
Luanshya 113,365
Livingstone 109,203
Zambia Trade with the world
Major import sources of Zambia (2016) Major export destinations of Zambia (2016) Na
2012 2013 2014 2015 2016
Exports (US$'000) 9,364,653 10,594,069 9,687,918 6,979,472 4,964,265
Imports (US$'000) 8,805,153 10,161,843 9,539,024 8,416,494 3,641,648
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
US
$'0
00
57%
14%
7%
2%
2%2%
2%1%
1%1%
11%
South Africa China India
USA Zimbabwe Germany
UK Mozambique Japan
Netherlands Other
44%
14%
6%
6%
4%
4%
3%
3%
2%
2%
12%
China India Belgium
Korea South Africa Zimbabwe
Saudi Arabia Thailand Egypt
Singapore Other
Source: Trademap Source: Trademap
Source: Trademap
Major import products of Zambia (2016) Major Export products of Zambia (2016)
Zimbabwe-Zambia Trade
19%
12%
8%
7%4%4%4%
3%
3%
3%
33%
Machinery, mechanical appliances & spare partsElectrical machinery, equipment & spare partsVehiclesPetroleum oils, gas & electricityPlastics and articles thereofFertilisersPharmaceutical productsArticles of iron or steelMiscellaneous chemical productsIron and steelOther
79%
4%
3%
2%2%
2%2%
1%1% 0.5% 4%
Copper and articles thereof
Precious or semi-precious stones (Diamonds,rubies, sapphires and emeralds)
Tobacco unmanufactured
Cereals (Maize, barley)
Cobalt mattes
Wood and articles of wood
Cane sugar
Cotton
Cobalt, copper, manganese ores and concentrates
Transmission shafts
Other
2012 2013 2014 2015 2016
Exports US$'000 97,309 115,683 102,778 92,154 72,169
Imports US$'000 492,194 262,113 179,722 277,478 182,241
Trade Bal US$'000 (394,885) (146,430) (76,944) (185,324) (110,072)
(500,000)
(400,000)
(300,000)
(200,000)
(100,000)
-
100,000
200,000
300,000
400,000
500,000
600,000
US
$'0
00
Source: Trademap
Source: Trademap Source: Trademap
Zimbabwe’s major exports to Zambia (2016)
Zimbabwe’s Exports to
Zambia 2016 (US$’000)
Annual growth in value between
2012-2016, %, p.a.
Zambia’s Imports from the World 2016 (US$’000)
Frozen fish 11,085 37 102,739
Wood and articles of wood 9,681 46 10,925
Packaging material 5,208 19 12,629
Fertilisers 3,715 3 118,390
Electric accumulators 3,107 6 13,211
Malt 2,898 125 4,981
Cement 2,678 10 5,290
Unmanufactured tobacco 2,382 32 192
Other oil seeds 2,168 17 59
Structures of Iron & steel 2,023 38 193,968 Source: Trademap
Zimbabwe's imports from Zambia (2016) Zimbabwe products with export potential to Zambia
• Iron & steel products
• Mineral or chemical fertilizers, nitrogenous
• Pharmaceutical products
• Electric transformers
• Mixtures of nitrogen, phosphorous or potassium fertilizers
• Pumps for liquids; liquid elevators
• Fish, frozen
• Insulated wire/cable
• Refrigerators and freezers
• Insecticides, fungicides and herbicides
• Tap, cock, valve for pipe including pressure reducing valves
• Agricultural, horticultural, forest, bee keeping machinery
• Furniture and parts thereof
• Transmission shafts &cranks, bearing housing; gearing
• Washing & cleaning agents/preparations
• Electrical apparatus for switching
• Fruit & vegetable juices, unfermented
• Articles of iron or steel
• Cast articles of iron or steel
52%
8%
6%
6%
4%
3%
2%
2%
2%
2%
13%
Cereals (maize & barley)
Water
Cement
Lubricating preparations for soaps
Vehicles
Oil seeds and oleaginous fruits
Residues and waste from the food industries
Chewing gums & chocolates
Plastics and articles thereof
Iron and steel
Other Source: Trademap
Useful Addresses Preferential Trade Arrangements
Embassy of the Republic of Zimbabwe Plot 11085 Haille Selassie Avenue Longacres P. O. Box 33491 Lusaka Tel: +260 1 254018; 254006; 254012; 254022 Fax: +260 1 254046 E-mail: [email protected] Embassy of the Republic of Zambia Zambia House 48 Kwame Nkrumah Avenue P. O. Box 4698 Harare Tel: +263 4 773777/80 Fax: +263 4 773782 E-mail: [email protected] Zambia Chamber of Commerce and Industry Lusaka Showgrounds P.O. Box 30844 Lusaka Phone: +260 211 252 483 Mobile +260 971 581467 Fax: +260 211 253020 E-mail: [email protected] Website: http://www.zambiachamber.org/
COMESA Free Trade Area
The Common Market for Eastern and Southern Africa (COMESA) is a regional integration grouping of African States which have agreed to promote regional integration through trade development and to develop their natural and human resources for the mutual benefit of all their peoples. COMESA Member States established a Free Trade Area (FTA) on 31 October 2000. Fourteen States (Burundi, Comoros, Djibouti, Egypt, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Sudan, Seychelles, Zambia and Zimbabwe) are participating in the Free Trade Area.
COMESA Simplified Trade Regime
COMESA implemented Simplified Trade Regime (STR) to
help the small trader to benefit from the preferential rates
enjoyed by commercial traders when importing or exporting
goods within the COMESA Bloc. The regime is operational
between Zimbabwe and Zambia, and Zimbabwe and
Malawi. The maximum value of goods traded under STR is
US$1 000.
STR is used for goods that have been grown or wholly
produced in the COMESA Region. The trader will complete
a simplified customs document (declaration form) and a
simplified COMESA certificate of origin. These documents
are filled in at the border post by the trader and certified by
a customs official. Goods to be exported should comply
with the normal food safety, plant and animal health
regulations including environmental protection. Import or
export permits needed to import or export certain
agricultural foods and animal products are still required.
SADC Trade Protocol
Zimbabwe and Zambia are both members of the SADC
Protocol. The Protocol is an agreement between SADC
Member States to reduce customs duties and other
barriers to trade on products from each other. By January
1, 2008, most customs duties (on 85% of tariff lines) had
been eliminated for goods originating from SADC Member
States.
For more information on trading under COMESA FTA, COMESA STR and
SADC Trade Protocol refer to ZimTrade’s “Guide to Zimbabwe’s Trade
Agreements”.
Travelling to Zambia
• Zimbabwe nationals do not need a visa to
visit Zambia.
• A valid passport (at least 6 months) is
required.
• Zambia is accessible by both air and road. ✓ There are flights nearly every day from
Harare to Lusaka. ✓ By road there are 392 Km (Harare-
Lusaka)
For more information, please contact us
www.tradezimbabwe.com [email protected] +263-4-369330-41
Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to www.zimtrade.co.zw or www.tradezimbabwe.com
