Trade Performance Review 2007: Chapter 3: Zambia

Year of publication: 
2007
Author(s): 
Dale Mudenda, University of Zambia
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A review of Zambia's trade performance for 2000-2005 revealed that its exports more than doubled – from US$853m in 2000 to US$1.8bn in 2005 – while its imports trebled, from US$864m to US$2.6bn. Most of Zambia's exports were absorbed by the SADC region, which had a 40% share of total exports, followed by the rest of Europe with a 28% share, the EU with a 24% share and Asia with a 6% share. South Africa, the DRC, Zimbabwe, Tanzania and Malawi were the main destinations for exports within the SADC region.

Copper remained Zambia's main foreign exchange earner for the review period, although its contribution dropped from 72% of total export earnings in 2000 to 65% in 2005. The share of NTEs within Zambia's trade basket increased as a result of the increased exports of copper products, such as copper wires and copper rods, along with the partial success of the government's diversification programme and the increased demand for Zambian goods regionally and internationally.

The Zambian government has adopted a trade policy that is viewed as a poverty reduction tool. With improving metal prices, as well as production and NTE prices, the performance of Zambia's export sector is poised to continue growing. In addition, the government, with the assistance of cooperating partners, has initiated a public-private partnership-driven export promotion strategy, which is envisaged to assist the country in further improving its export performance.
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