exports story.jpgZambia has emerged as Zimbabwe’s leading export destination in the SADC region accounting for 30% of the country’s overall export volumes.

According to a survey on SADC export markers carried out by the Confederation of Zimbabwe Industries, Zambia is now the leading export destination receiving about 30% of total exports, while South Africa which used to be the main export destination has however dropped from 22% in 2005 to 14% by 2010.

The data showed that South Africa had slipped from second position to fourth in terms of Zimbabwe’s export destinations in SADC, while Mozambique is emerging as a favourite destination, with Zimbabwe’s export share rising from 5% in 2009 to 11% in 2011.

An economic commentator, Mr. Chris Kasiyazi says Government should come up with workable policies to ensure that local products are competitive in terms of costs and quality.

“We need to come up with workable policies to boost exports,” said Mr. Kasiyazi.

Zimbabwe’s export trends have remained constant over the last five years and the CZI notes that as a ratio to the Gross Domestic Product, the share of exports has however increased from 30% of GDP in 2005 to 33% of GDP in 2010.