Zimbabwe-UK Trade Volume Drops to Decade Low
1 report, 1 independent
Updated Mon 02:09
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What happened
Trade between Zimbabwe and the United Kingdom has declined over the past three years, falling from a peak of £461 million in 2018 to £126 million last year, which is the lowest figure in a decade. The United Kingdom, which was once Zimbabwe’s second largest trading partner after South Africa, is now ranked 138th.
From insiderzim.com
Why it matters
The substantial reduction in bilateral trade volume signals a significant shift in market access for Zimbabwe. The decline affects the flow of goods, including road vehicles and cars exported from Zimbabwe, and vegetables and fruits imported into Zimbabwe.
From insiderzim.com
Who's involved
- ZimbabweSovereign state in southern Africa experiencing trade decline
- Emmerson MnangagwaPresident of the Republic of Zimbabwe
- Mthuli NcubeFinance Minister guiding Zimbabwe's national economic policy
- Reserve Bank of ZimbabweCentral financial authority managing monetary policy
- parliamentLegislative body responsible for enacting laws in Zimbabwe
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The entities involved
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Zimbabwe
sovereign state in southern Africa