Market Brief on Zambia

Transcription

1 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 Area Time Zone Capital City International Telephone Code Currency Exchange Rate (13/06/2017) GDP GDP per capita GDP Growth Rate Ease of Doing Business (World Bank 2017) Inflation Rate million sq.km +2 hrs GMT +260 Kwacha 1 USD = 9.75 ZMK US$20.9 Billion US$1, / % Official English Language(s) Cities and Population Languages Bemba, Nyanja, Tonga, Lozi, Chewa City Population Business Hours 0800 hrs-1700 hrs 1,267,440 Kitwe 400,914 Ndola 394,518 Kabwe 188,979 Chingola 148,564 Mufulira 120,500 Luanshya 113,365 Livingstone 109,203 Banking Hours Literacy Rate 63. Measures Important International Participation Lunch hrs hrs (weekdays) (Sat) Metric System UN, AU, SADC, COMESA, WTO

2 Na US$'000 Zambia Trade with the world 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000, Exports (US$'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 Major import sources of Zambia (2016) Major export destinations of Zambia (2016) 1% 1% 1% 7% 11% % 1 1 South Africa China India USA Zimbabwe Germany UK Mozambique Japan Netherlands China India Belgium Korea South Africa Zimbabwe Saudi Arabia Thailand Egypt Singapore

3 US$'000 Major import products of Zambia (2016) Major Export products of Zambia (2016) 3 19% 1% 1% 0.5% 1 7% Machinery, mechanical appliances & spare parts Electrical machinery, equipment & spare parts Vehicles Petroleum oils, gas & electricity Plastics and articles thereof Fertilisers Pharmaceutical products Articles of iron or steel Miscellaneous chemical products Iron and steel 8% Copper and articles thereof 79% Precious or semi-precious stones (Diamonds,rubies, sapphires and emeralds) Tobacco unmanufactured Cereals (Maize, barley) Cobalt mattes Wood and articles of wood Cane sugar Cotton Cobalt, copper, manganese ores and concentrates Transmission shafts Zimbabwe-Zambia Trade 600, , , , , ,000 - (100,000) (200,000) (300,000) (400,000) (500,000) Exports US$'000 97, , ,778 92,154 72,169 Imports US$' , , , , ,241 Trade Bal US$'000 (394,885) (146,430) (76,944) (185,324) (110,072)

4 Zimbabwe s major exports to Zambia (2016) Zimbabwe s Exports to Zambia 2016 (US$ 000) Annual growth in value between , %, p.a. Zambia s Imports from the World 2016 (US$ 000) Frozen fish 11, ,739 Wood and articles of wood 9, ,925 Packaging material 5, ,629 Fertilisers 3, ,390 Electric accumulators 3, ,211 Malt 2, ,981 Cement 2, ,290 Unmanufactured tobacco 2, oil seeds 2, Structures of Iron & steel 2, ,968 Zimbabwe's imports from Zambia (2016) Zimbabwe products with export potential to Zambia 1 8% 5 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 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

5 Useful Addresses Embassy of the Republic of Zimbabwe Plot Haille Selassie Avenue Longacres P. O. Box Tel: ; ; ; Fax: zimlusaka@zimfa.gov.zw Embassy of the Republic of Zambia Zambia House 48 Kwame Nkrumah Avenue P. O. Box 4698 Harare Tel: /80 Fax: zambiae@mweb.co.zw Zambia Chamber of Commerce and Industry Showgrounds P.O. Box Phone: Mobile Fax: secretariat@zacci.co.zm Website: 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. By road there are 392 Km (Harare- ) Preferential Trade Arrangements 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 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$ 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. For more information, please contact us info@zimtrade.co.zw 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 or