What products does Zambia produce?

What products does Zambia produce?

Maize (corn) is the principal cash crop as well as the staple food. Other important crops include soybean, cotton, sugar, sunflower seeds, wheat, sorghum, pearl millet, cassava, tobacco and various vegetable and fruit crops.

What are Zambia’s main industries?

Major industries of Zambia include copper mining and processing, construction, emerald mining, beverages, food, textiles, chemicals, fertilizer and horticulture.

What does Zambia import the most?

In the long-term, the Zambia Imports is projected to trend around 12500.00 ZMK Million in 2022 and 10500.00 ZMK Million in 2023, according to our econometric models. Zambia main imports are: fuel, machinery and foodstuffs. Zambia’s main import partner is South Africa followed by Congo-Kinshasa and China.

What food products does Zambia export?

Zambia – Food exports as a share of merchandise exports Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).

What is Zambia most valuable natural resource?

Copper is the country’s major export, which accounts for more than 60% of Zambia’s total exports and generates about 45% of government revenues. Additionally, Zambia accounts for about 70% of Africa’s total copper exports.

What are Zambia’s imports?

Imports The top imports of Zambia are Refined Petroleum ($648M), Crude Petroleum ($443M), Delivery Trucks ($188M), Gold ($171M), and Nitrogenous Fertilizers ($163M), importing mostly from South Africa ($2.14B), China ($1.02B), United Arab Emirates ($853M), India ($335M), and Namibia ($230M).

What are Zambia’s exports?

Zambia’s main export, copper accounts for 70 percent of Africa’s production and 60 percent of country’s total exports. Other exports include: sugar, tobacco, gemstones, cotton and electricity. Zambia’s main export partner is Switzerland (45 percent of total exports).

What should I invest in Zambia?

3 Top Investment Opportunities in Zambia

• Manufacturing. Manufacturing possesses the biggest opportunity for growth.
• Agribusiness. The agriculture sector provides the greatest opportunity for impact and development.
• Electricity and Power.

What kind of products does Zambia export to the world?

Zambia has highly positive net exports in the international trade of its most lucrative export, copper. In turn, these cashflows indicate Zambia’s strong competitive advantages under the copper product category. Zambia incurred a -$259.5 million trade deficit during 2019, a -36.6% reduction from the -$409.6 million deficit for 2018.

Who are the owners of the petroleum industry in Zambia?

The petroleum industry in Zambia is made up of TAZAMA Pipelines Ltd, which is owned, by the Governments of Zambia and Tanzania, INDENI Refinery, Ndola Fuel Terminal, Bulk fuel storage depots and the Oil Marketing Companies (OMCs).

What’s the exchange rate of the kwacha in Zambia?

Zambia is a landlocked nation in Africa’s southern region. Based on the average exchange rate for 2019, the Zambian kwacha depreciated by -49.3% against the US dollar since 2015 and declined by -23.2% from 2018 to 2019.