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18 JUNE 2021 AL CIRCLE

Zimbabwe’s import of aluminium structures during 2019-20 manifests slump; 22% further drop estimated for 2021

EDITED BY : RUPANKAR MAJUMDER 1MINS READ

On 10th June 2021, the World Bank Zimbabwe Economic Update revealed that Gross Domestic Product (GDP) growth is projected to reach 3.9% in 2021, a significant development after a two-year recession. In 2021, the economic growth will be led by the recovery of agriculture as rains normalize, businesses adjust to limitations caused by the COVID-19 pandemic, and inflation slows down. However, disruptions caused by the pandemic will continue to weigh on economic activity in Zimbabwe, limiting employment growth and improvements in living standards.

Zimbabwe’s import of aluminium structures

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The landlocked country in southern Africa reported import of 2225 tonnes of aluminium structures during 2019-20 and the expenditure accounted for the import was $6.65 million.

Zimbabwe’s import of aluminium structures in 2019 was booked at 1583 tonnes and the expenditure remained only at $2.66 million, whereas, in 2020, the import slumped by 59.44%, as the import volume dropped to 642 tonnes, while the expenditure rose to $3.99 million.

Zimbabwe’s import of aluminium structures

The import for 2021 is analysed with further de-growth by 22.11%, as the import volume is estimated to shrink at 500 tonnes, but expenditure to stand high at $6.84 million.

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Zimbabwe’s major trading destinations for the import of aluminium structures are China and South Africa.  


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EDITED BY : RUPANKAR MAJUMDER 1MINS READ

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